REGISTERED NUMBER: SC276462 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Superasia Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Javed

Mrs K Javed

REGISTERED OFFICE:

3 Maxwell Road

Glasgow

G41 1QE

REGISTERED NUMBER:

SC276462 (Scotland)

ACCOUNTANTS:

KPP Glasgow South Ltd

Chartered Certified Accountants

Unit 3 , 37 Rosyth Road

Morris Park

Glasgow

G5 0YE

FIXED ASSETS

Intangible assets

4

235

235

Tangible assets

5

411,691

195,918

411,926

196,153

CURRENT ASSETS

Stocks

6

144,751

134,421

Debtors

7

50,604

46,907

Cash at bank and in hand

15,364

46,404

210,719

227,732

CREDITORS

Amounts falling due within one year

8

119,489

114,442

NET CURRENT ASSETS

91,230

113,290

TOTAL ASSETS LESS CURRENT LIABILITIES

503,156

309,443

CREDITORS

Amounts falling due after more than one year

9

4,114

14,114

NET ASSETS

499,042

295,329

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

498,942

295,229

SHAREHOLDERS' FUNDS

499,042

295,329

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by:

M Javed - Director

1.	STATUTORY INFORMATION

Superasia Ltd. is a private company, limited by shares , registered in Scotland. 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.

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.

Formation expenses are being amortised evenly over their estimated useful life of nil years.

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

-

25% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 28 (2024 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Formation

expenses

£

COST

At 1 February 2024

and 31 January 2025

235

NET BOOK VALUE

At 31 January 2025

235

At 31 January 2024

235

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

121,308

186,225

29,944

6,525

344,002

Additions

94,520

144,093

-

2,215

240,828

At 31 January 2025

215,828

330,318

29,944

8,740

584,830

DEPRECIATION

At 1 February 2024

-

129,155

14,944

3,985

148,084

Charge for year

20,116

-

3,750

1,189

25,055

At 31 January 2025

20,116

129,155

18,694

5,174

173,139

NET BOOK VALUE

At 31 January 2025

195,712

201,163

11,250

3,566

411,691

At 31 January 2024

121,308

57,070

15,000

2,540

195,918

6.

STOCKS

31.1.25

31.1.24

£

£

Stocks

144,751

134,421

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Factors Float

200

200

Prepaid Charges

6,813

6,633

Loan - Rockfield Property

Investments Ltd

35,350

35,350

VAT

8,241

4,724

50,604

46,907

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts (see note 10)

10,000

12,754

Other loans (see note 10)

11,000

11,000

Creditors & Accrued Charges

61,155

62,468

Amex Credit Card

5,297

4,943

Capital on tap

1,820

1,354

Corporation tax

24,621

7,221

Social security and other taxes

5,596

4,853

Directors' current accounts

-

9,849

119,489

114,442

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans (see note 10)

4,114

14,114

10.

LOANS

An analysis of the maturity of loans is given below:

31.1.25

31.1.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

2,754

Bank loans

10,000

10,000

Loan - A Akhtar

11,000

11,000

21,000

23,754

Amounts falling due between one and two years:

Bank loans - 1-2 years

4,114

10,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

4,114

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

100

Ordinary Share Capital

£1

100

100

12.

RESERVES

Retained

earnings

£

At 1 February 2024

295,229

Profit for the year

203,713

At 31 January 2025

498,942

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K Javed.

The ultimate controlling party is M Javed.