Registered number
09486928
Village Grocer Limited
Filleted Accounts
31 March 2025
Village Grocer Limited
Registered number: 09486928
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 61,506 65,596
Tangible assets 4 14,368 17,522
Investments 5 1,000 1,000
76,874 84,118
Current assets
Stocks 60,955 69,375
Debtors 6 1,400 1,400
Cash at bank and in hand 797,251 575,872
859,606 646,647
Creditors: amounts falling due within one year 7 (117,045) (83,322)
742,561 563,325
Net assets 819,435 647,443
Capital and reserves
Called up share capital 100 100
Profit and loss account 819,335 647,343
Shareholder's funds 819,435 647,443
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.
Mr Huseyin Karadag
Director
Approved by the board on 6 August 2025
Village Grocer Limited
Notes to the Accounts
for the year ended 31 March 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.Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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 tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, as follows:
Fix, fittings & equipment 18% Reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Corporation tax liability is not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 16 15
3 Intangible fixed assets £
Purchased Goodwill:
Cost
At 1 April 2024 102,242
At 31 March 2025 102,242
Amortisation
At 1 April 2024 36,646
Provided during the year 4,090
At 31 March 2025 40,736
Net book value
At 31 March 2025 61,506
At 31 March 2024 65,596
Purchased Goodwill is being written off at 4% per annum.
4 Tangible fixed assets
Fix, fittings & equipment
£
Cost
At 1 April 2024 61,105
At 31 March 2025 61,105
Depreciation
At 1 April 2024 43,583
Charge for the year 3,154
At 31 March 2025 46,737
Net book value
At 31 March 2025 14,368
At 31 March 2024 17,522
5 Investments
Other
investments
£
Cost
At 1 April 2024 1,000
At 31 March 2025 1,000
6 Debtors 2025 2024
£ £
Prepayments & Deposit paid 1,400 1,400
7 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 1,331 2,559
Corporation tax 100,746 54,766
Other taxes and social security costs 14,968 25,997
117,045 83,322
8 Other information
Village Grocer Limited is a private company limited by shares and incorporated in England. Its registered office is:
178 Bellenden Road
London
SE15 4BW
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