REGISTERED NUMBER: 08700807 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

K'S MINI MARKET LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A K Kapoor

Mrs R Kapoor

REGISTERED OFFICE:

Harpal House

14 Holyhead Road

Handsworth

Birmingham

West Midlands

B21 0LT

REGISTERED NUMBER:

08700807 (England and Wales)

FIXED ASSETS

Intangible assets

4

35,334

39,224

Tangible assets

5

7,287

8,319

42,621

47,543

CURRENT ASSETS

Stocks

6

40,679

41,737

Cash at bank and in hand

31,315

34,712

71,994

76,449

CREDITORS

Amounts falling due within one year

7

23,975

27,619

NET CURRENT ASSETS

48,019

48,830

TOTAL ASSETS LESS CURRENT LIABILITIES

90,640

96,373

CREDITORS

Amounts falling due after more than one year

8

19,043

29,316

NET ASSETS

71,597

67,057

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

11

70,597

66,057

SHAREHOLDERS' FUNDS

71,597

67,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

A K Kapoor - Director

1.	STATUTORY INFORMATION

K's Mini Market Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

77,800

AMORTISATION

At 1 October 2023

38,576

Amortisation for year

3,890

At 30 September 2024

42,466

NET BOOK VALUE

At 30 September 2024

35,334

At 30 September 2023

39,224

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2023

and 30 September 2024

14,269

10,000

2,030

26,299

DEPRECIATION

At 1 October 2023

7,662

8,865

1,453

17,980

Charge for year

661

284

87

1,032

At 30 September 2024

8,323

9,149

1,540

19,012

NET BOOK VALUE

At 30 September 2024

5,946

851

490

7,287

At 30 September 2023

6,607

1,135

577

8,319

6.

STOCKS

30/9/24

30/9/23

£

£

Stocks

40,679

41,737

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

£

Trade creditors

4,312

2,125

Tax

8,296

9,661

Social security and other taxes

2,537

2,421

VAT

1,923

2,306

Other creditors

3,968

5,861

NEST

12

(44

)

Directors' current accounts

110

2,048

Accrued expenses

2,817

3,241

23,975

27,619

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/9/24

30/9/23

£

£

Bank loans (see note 9)

19,043

29,316

9.

LOANS

An analysis of the maturity of loans is given below:

30/9/24

30/9/23

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

19,043

29,316

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/24

30/9/23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

11.

RESERVES

Retained

earnings

£

At 1 October 2023

66,057

Profit for the year

7,540

Dividends

(3,000

)

At 30 September 2024

70,597

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £1,650 (2023 - £2,000) were paid to the directors .

During the year the company paid a sum of £18000 as rental charge for the property at 40 Dimmocks Avenue Coseley Wolverhampton West Midlands WV14 8YQ to the directors.This amount is included on the profit & loss account as rent.