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Registered Number: 14524709
England and Wales

 

 

 

BISM SUPERMARKET LTD



Abridged Accounts
 


Period of accounts

Start date: 01 January 2024

End date: 30 November 2024
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 November 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Temiz Associates Ltd T-A Temiz & Co Accountant
30 November 2024



....................................................
Temiz Associates Ltd T-A Temiz & Co Accountant
Temiz Associates Ltd T-A Temiz & Co Accountant

Chartered Public Finance Accountant
73 High Street
Gillingham
Kent
ME7 1BJ
20 July 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 43,611    46,667 
Tangible fixed assets 4 45,583    48,750 
89,194    95,417 
Current assets      
Stocks 23,000    15,000 
Cash at bank and in hand 14,292    16,284 
37,292    31,284 
Creditors: amount falling due within one year (88,614)   (93,650)
Net current assets (51,322)   (62,366)
 
Total assets less current liabilities 37,872    33,051 
Net assets 37,872    33,051 
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account 37,772    32,951 
Shareholders' funds 37,872    33,051 
 


For the period ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. 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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 20 July 2025 and were signed on its behalf by:


-------------------------------
Omer Faruk Erturk
Director
2
General Information
Bism Supermarket Ltd is a private company, limited by shares, registered in England and Wales, registration number 14524709, registration address 234 Southwark Park Road, Southwark, London, SE16 3RW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 15 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 4 (2023 : 4).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2024 50,000    50,000 
Additions  
Disposals  
At 30 November 2024 50,000    50,000 
Amortisation
At 01 January 2024 3,333    3,333 
Charge for period 3,056    3,056 
On disposals  
At 30 November 2024 6,389    6,389 
Net book values
At 30 November 2024 43,611    43,611 
At 31 December 2023 46,667    46,667 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 January 2024   50,000    50,000 
Additions 9,666    718    10,384 
Disposals    
At 30 November 2024 9,666    50,718    60,384 
Depreciation
At 01 January 2024   1,250    1,250 
Charge for period 2,215    11,336    13,551 
On disposals    
At 30 November 2024 2,215    12,586    14,801 
Net book values
Closing balance as at 30 November 2024 7,451    38,132    45,583 
Opening balance as at 01 January 2024   48,750    48,750 


5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

6.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
 2023
£
 2024
£
 2023
£
OMER FARUK ERTURK57,062 68,782 (57,062)(68,782)

Company was under the control of director Mr Haci Armut & Omer Faruk Erturk through out the year and up to date of signature. Company has a liability of loan towards directors £22,062 (2023:£68782). It is interest free and payable on demand. During the year company issued to the shareholder £35000 dividend.
3