FINEWAY CASH & CARRY LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07126030

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets			50,750		57,000
Tangible Assets	4		4,267		5,333

			55,017		62,333
CURRENT ASSETS
Stocks	5	90,089		80,444
Debtors	6	13,629		24,361
Cash at bank and in hand		69,355		63,689

		173,073		168,494
Creditors: Amounts Falling Due Within One Year	7	(120,249 )		(131,091 )

NET CURRENT ASSETS (LIABILITIES)			52,824		37,403

TOTAL ASSETS LESS CURRENT LIABILITIES			107,841		99,736

Creditors: Amounts Falling Due After More Than One Year	8		(34,192 )		(25,448 )

NET ASSETS			73,649		74,288

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			73,549		74,188

SHAREHOLDERS' FUNDS			73,649		74,288

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FINEWAY CASH & CARRY LTD

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 Shahadeb Giri

Director

19/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

FINEWAY CASH & CARRY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07126030 . The registered office is 114 PLUMSTEAD HIGH STREET, PLUMSTEAD, LONDON, SE18 1SJ.

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 the profit and loss account over its estimated economic life

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:

Plant & Machinery	20% Reducing Balance
Motor Vehicles	20% Reducing Balance
Fixtures & Fittings	20% Reducing Balance
Computer Equipment	20% Reducing Balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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.

...CONTINUED

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FINEWAY CASH & CARRY LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.6. Taxation - continued

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: 6 (2024: 5)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2024	3,210	54,900	8,018	66,128

As at 31 January 2025	3,210	54,900	8,018	66,128

Depreciation
As at 1 February 2024	3,210	52,654	4,931	60,795
Provided during the period	-	449	617	1,066

As at 31 January 2025	3,210	53,103	5,548	61,861

Net Book Value
As at 31 January 2025	-	1,797	2,470	4,267

As at 1 February 2024	-	2,246	3,087	5,333

5. Stocks

	2025	2024
	£	£
Stock	90,089	80,444

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,827	1,832
Other debtors	8,040	19,853
VAT	2,762	2,676

	13,629	24,361

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FINEWAY CASH & CARRY LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	92,383	122,721
Corporation tax	1,566	11,535
Other taxes and social security	4,061	2,363
Net wages	82	2,183
Other creditors	-	(11,261 )
Directors' loan accounts	22,157	3,550

	120,249	131,091

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	18,345	25,448
Other creditors	15,847	-

	34,192	25,448

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

Directors, Mrs Radha Giri and Mr Shahadeb Giri were paid a salary of £26400 each during the year end 31/01/2025.

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