3 false false false false false false false false false false true false false false false true true true No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2024 - FRS102_2024 45,000 24,750 2,250 27,000 18,000 20,250 xbrli:pure xbrli:shares iso4217:GBP 7614341 2023-05-01 2024-04-30 7614341 2024-04-30 7614341 2023-04-30 7614341 2022-05-01 2023-04-30 7614341 2023-04-30 7614341 2022-04-30 7614341 core:NetGoodwill 2023-05-01 2024-04-30 7614341 core:FurnitureFittings 2023-05-01 2024-04-30 7614341 core:MotorVehicles 2023-05-01 2024-04-30 7614341 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 7614341 bus:Director1 2023-05-01 2024-04-30 7614341 core:NetGoodwill 2023-04-30 7614341 core:NetGoodwill 2024-04-30 7614341 core:FurnitureFittings 2023-04-30 7614341 core:MotorVehicles 2023-04-30 7614341 core:FurnitureFittings 2024-04-30 7614341 core:MotorVehicles 2024-04-30 7614341 core:AfterOneYear 2024-04-30 7614341 core:AfterOneYear 2023-04-30 7614341 core:WithinOneYear 2024-04-30 7614341 core:WithinOneYear 2023-04-30 7614341 core:ShareCapital 2024-04-30 7614341 core:ShareCapital 2023-04-30 7614341 core:RetainedEarningsAccumulatedLosses 2024-04-30 7614341 core:RetainedEarningsAccumulatedLosses 2023-04-30 7614341 core:NetGoodwill 2023-04-30 7614341 core:FurnitureFittings 2023-04-30 7614341 core:MotorVehicles 2023-04-30 7614341 bus:SmallEntities 2023-05-01 2024-04-30 7614341 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 7614341 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 7614341 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 7614341 bus:FullAccounts 2023-05-01 2024-04-30 7614341 bus:OrdinaryShareClass1 2024-04-30 7614341 bus:OrdinaryShareClass1 2023-04-30
COMPANY REGISTRATION NUMBER: 7614341
M & S Supermarket (Glos) Limited
Filleted Unaudited Financial Statements
30 April 2024
M & S Supermarket (Glos) Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
18,000
20,250
Tangible assets
6
13,137
10,108
--------
--------
31,137
30,358
Current assets
Stocks
33,364
40,145
Cash at bank and in hand
6,214
10,103
--------
--------
39,578
50,248
Creditors: amounts falling due within one year
7
16,121
25,541
--------
--------
Net current assets
23,457
24,707
--------
--------
Total assets less current liabilities
54,594
55,065
Creditors: amounts falling due after more than one year
8
10,648
22,712
--------
--------
Net assets
43,946
32,353
--------
--------
Capital and reserves
Called up share capital
9
100
100
Profit and loss account
43,846
32,253
--------
--------
Shareholders funds
43,946
32,353
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
M & S Supermarket (Glos) Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 29 July 2025 , and are signed on behalf of the board by:
Mr. S.S Uppal
Director
Company registration number: 7614341
M & S Supermarket (Glos) Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 54-58 Windermere Road, Cheltenham, Gloucestershire, GL51 5PE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: No cash flow statement has been presented for the company.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
5% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixture & Fittings
-
15% straight line
Motor Vehicles
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 4 ).
5. Intangible assets
Goodwill
£
Cost
At 1 May 2023 and 30 April 2024
45,000
--------
Amortisation
At 1 May 2023
24,750
Charge for the year
2,250
--------
At 30 April 2024
27,000
--------
Carrying amount
At 30 April 2024
18,000
--------
At 30 April 2023
20,250
--------
6. Tangible assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 May 2023
18,660
10,796
29,456
Additions
6,500
6,500
--------
--------
--------
At 30 April 2024
25,160
10,796
35,956
--------
--------
--------
Depreciation
At 1 May 2023
13,190
6,158
19,348
Charge for the year
1,312
2,159
3,471
--------
--------
--------
At 30 April 2024
14,502
8,317
22,819
--------
--------
--------
Carrying amount
At 30 April 2024
10,658
2,479
13,137
--------
--------
--------
At 30 April 2023
5,470
4,638
10,108
--------
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
4,409
6,244
Corporation tax
5,400
5,989
Social security and other taxes
800
4,184
Other creditors
5,512
9,124
--------
--------
16,121
25,541
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,648
22,712
--------
--------
9. Called up share capital
Authorised share capital
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1,000
1,000
1,000
1,000
-------
-------
-------
-------
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
10. Directors' advances, credits and guarantees
As at 30 April 2024, other creditors include the following due to the director:- Mr & Mrs Uppal £3,262 (2023 - £6,873) The loans are interest free and repayable on demand.
11. Related party transactions
The company is occupying and operating from 54-58 Windermere Road, Cheltenham, freehold premises which are owned by the directors. The company has agreed to pay rent of £18,000 per annum to the directors for the use of the premises.