Registered number
06574579
SMART SAVE SUPERMARKET LIMITED
Filleted Accounts
30 September 2024
SMART SAVE SUPERMARKET LIMITED
Registered number: 06574579
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 20,000 20,000
Tangible assets 4 7,403 9,252
27,403 29,252
Current assets
Stocks 46,027 54,527
Cash at bank and in hand 5,101 3,943
51,128 58,470
Creditors: amounts falling due within one year 5 (49,355) (48,699)
Net current assets 1,773 9,771
Total assets less current liabilities 29,176 39,023
Creditors: amounts falling due after more than one year 6 (20,752) (30,746)
Net assets 8,424 8,277
Capital and reserves
Called up share capital 1 1
Share premium - -
Revaluation reserve - -
Profit and loss account 8,423 8,276
Shareholder's funds 8,424 8,277
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ozguler Cinpolat
Director
Approved by the board on 17 May 2025
SMART SAVE SUPERMARKET LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 20,000
Additions -
Disposals -
At 30 September 2024 20,000
Amortisation
At 1 October 2023 -
Provided during the year -
On disposals -
At 30 September 2024 -
Net book value
At 30 September 2024 20,000
At 30 September 2023 20,000
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 - 6,683 12,000 18,683
Additions - - - -
At 30 September 2024 - 6,683 12,000 18,683
Depreciation
At 1 October 2023 - 5,305 4,126 9,431
Charge for the year - 275 1,574 1,849
At 30 September 2024 - 5,580 5,700 11,280
Net book value
At 30 September 2024 - 1,103 6,300 7,403
At 30 September 2023 - 1,378 7,874 9,252
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 30,051 51,211
Taxation and social security costs 11,036 9,839
Director's accounts 8,268 (12,351)
49,355 48,699
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 20,752 30,746
20,752 30,746
7 Controlling party
Ozguler Cinpolat
8 Other information
SMART SAVE SUPERMARKET LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
2 Hillmarton Road
London
N7 9JR
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