REGISTERED NUMBER: 04036628 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Asian Cash & Carry Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

23,000

23,000

Tangible assets

5

116,422

117,697

Investment property

6

241,880

-

381,302

140,697

CURRENT ASSETS

Stocks

81,297

78,420

Debtors

7

12,058

1,952

Cash at bank and in hand

350,006

312,421

443,361

392,793

CREDITORS

Amounts falling due within one year

8

298,747

231,494

NET CURRENT ASSETS

144,614

161,299

TOTAL ASSETS LESS CURRENT LIABILITIES

525,916

301,996

CREDITORS

Amounts falling due after more than one year

9

21,889

29,826

NET ASSETS

504,027

272,170

CAPITAL AND RESERVES

Called up share capital

90

90

Retained earnings

503,937

272,080

SHAREHOLDERS' FUNDS

504,027

272,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2025 and were signed on its behalf by:

H A Afzal - Director

A A Afzal - Director

1.	STATUTORY INFORMATION

Asian Cash & Carry Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04036628

Registered office:

9 London Road

Southampton

Hampshire

SO15 2AE

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 2000, is being reviewed annually for impairment.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on reducing balance

Motor vehicles

-

10% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 27 (2024 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

60,000

AMORTISATION

At 1 April 2024

and 31 March 2025

37,000

NET BOOK VALUE

At 31 March 2025

23,000

At 31 March 2024

23,000

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

174,174

72,711

246,885

Additions

11,661

-

11,661

At 31 March 2025

185,835

72,711

258,546

DEPRECIATION

At 1 April 2024

113,015

16,173

129,188

Charge for year

7,282

5,654

12,936

At 31 March 2025

120,297

21,827

142,124

NET BOOK VALUE

At 31 March 2025

65,538

50,884

116,422

At 31 March 2024

61,159

56,538

117,697

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

61,212

DEPRECIATION

At 1 April 2024

6,121

Charge for year

5,509

At 31 March 2025

11,630

NET BOOK VALUE

At 31 March 2025

49,582

At 31 March 2024

55,091

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

241,880

At 31 March 2025

241,880

NET BOOK VALUE

At 31 March 2025

241,880

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

265

1,952

Other debtors

11,793

-

12,058

1,952

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

10,243

12,687

Trade creditors

18,068

58,335

Taxation and social security

88,646

42,240

Other creditors

181,790

118,232

298,747

231,494

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

21,889

29,826

10.	RELATED PARTY DISCLOSURES

The company occupies property owned by the directors and included in the accounts is rent paid to the directors (2025: £12,000, 2024: £12,000, 2023: £12,000, 2022: £12,000, 2021: nil).