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Registered number: 08332164
Deansbrook Supermarket Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08332164
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 21,667 26,667
Tangible Assets 5 34,101 49,333
55,768 76,000
CURRENT ASSETS
Stocks 6 87,984 92,158
Debtors 7 24,612 23,656
Cash at bank and in hand 9,624 8,211
122,220 124,025
Creditors: Amounts Falling Due Within One Year 8 (20,225 ) (23,258 )
NET CURRENT ASSETS (LIABILITIES) 101,995 100,767
TOTAL ASSETS LESS CURRENT LIABILITIES 157,763 176,767
Creditors: Amounts Falling Due After More Than One Year 9 (90,488 ) (116,462 )
NET ASSETS 67,275 60,305
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 67,265 60,295
SHAREHOLDERS' FUNDS 67,275 60,305
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Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Kishan Hirani
Director
16/09/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Deansbrook Supermarket Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08332164 . The registered office is Suite 109 Raydean House, 15 Western Parade, Barnet, Herts, EN5 1AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold n/a
Motor Vehicles 18% reducing balance
Fixtures & Fittings 18% reducing balance
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2023: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 50,000
As at 31 December 2024 50,000
Amortisation
As at 1 January 2024 23,333
Provided during the period 5,000
As at 31 December 2024 28,333
Net Book Value
As at 31 December 2024 21,667
As at 1 January 2024 26,667
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5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 January 2024 4,000 107,923 111,923
Additions - 1,184 1,184
Disposals - (9,809 ) (9,809 )
As at 31 December 2024 4,000 99,298 103,298
Depreciation
As at 1 January 2024 - 62,590 62,590
Provided during the period - 6,607 6,607
As at 31 December 2024 - 69,197 69,197
Net Book Value
As at 31 December 2024 4,000 30,101 34,101
As at 1 January 2024 4,000 45,333 49,333
6. Stocks
2024 2023
£ £
Stock 87,984 92,158
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,237 2,162
Prepayments and accrued income 8,625 7,744
Rent deposit 13,750 13,750
24,612 23,656
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,942 10,183
Other loans - 4,383
Corporation tax 3,261 4,951
Social security and other taxes 5,507 3,034
Director's loan account 1,515 707
20,225 23,258
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 14,288 23,876
Other loans - 9,386
Other creditors 76,200 83,200
90,488 116,462
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 3,000 5,000
12. Ultimate Controlling Party
The company's ultimate controlling party is K Hirani by virtue of his ownership of 100% of the issued share capital in the company.
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