Registered number
07514014
CELIK SUPERMARKET LIMITED
Filleted Accounts
28 February 2025
CELIK SUPERMARKET LIMITED
Registered number: 07514014
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 14,928 16,286
Current assets
Stocks 171,920 167,670
Debtors 4 - 53
Cash at bank and in hand 3,684 10,254
175,604 177,977
Creditors: amounts falling due within one year 5 (181,176) (141,723)
Net current (liabilities)/assets (5,572) 36,254
Total assets less current liabilities 9,356 52,540
Creditors: amounts falling due after more than one year 6 (7,968) (46,153)
Net assets 1,388 6,387
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,387 6,386
Shareholders' funds 1,388 6,387
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr Yilmaz Celik
Director
Approved by the board on 1 July 2025
CELIK SUPERMARKET LIMITED
Notes to the Accounts
for the year ended 28 February 2025
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.
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:
Vehicles Reducing Balance 20%
Fixtures, fittings, tools and equipment Reducing Balance 20%
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2024 31,528 32,146 63,674
Additions 2,373 - 2,373
At 28 February 2025 33,901 32,146 66,047
Depreciation
At 1 March 2024 27,234 20,154 47,388
Charge for the year 1,333 2,398 3,731
At 28 February 2025 28,567 22,552 51,119
Net book value
At 28 February 2025 5,334 9,594 14,928
At 29 February 2024 4,294 11,992 16,286
4 Debtors 2025 2024
£ £
Trade debtors - 53
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 124,861 94,530
Taxation and social security costs 56,315 47,193
181,176 141,723
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans - 31,531
Trade creditors - 4,050
Director's loan 7,013 10,572
Other creditors 955 -
7,968 46,153
7 Controlling party
Mr Yilmaz Celik
8 Other information
CELIK SUPERMARKET LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
171-173 Montagu Road
London
N18 2NA
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