REGISTERED NUMBER: 11204346 (England and Wales)

M R FOODSTORES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G S Jhutty

Mr A Singh

REGISTERED OFFICE:

Cash's Business Centre

1st Floor

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

REGISTERED NUMBER:

11204346 (England and Wales)

ACCOUNTANTS:

Shah & Co (Accountants) Ltd

Chartered Certified Accountants

Cash's Business Centre

1st Floor

228 Widdrington Road

Coventry

West Midlands

CV1 4PB

FIXED ASSETS

Tangible assets

4

115,185

177,962

CURRENT ASSETS

Stocks

5

80,358

138,498

Debtors

6

1,547

708

Cash at bank and in hand

5,239

6,483

87,144

145,689

CREDITORS

Amounts falling due within one year

7

(92,045

)

(57,251

)

NET CURRENT (LIABILITIES)/ASSETS

(4,901

)

88,438

TOTAL ASSETS LESS CURRENT LIABILITIES

110,284

266,400

CREDITORS

Amounts falling due after more than one year

8

(156,588

)

(184,616

)

PROVISIONS FOR LIABILITIES

(21,885

)

(33,813

)

NET (LIABILITIES)/ASSETS

(68,189

)

47,971

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

(68,289

)

47,871

SHAREHOLDERS' FUNDS

(68,189

)

47,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 25 November 2025 and were signed on its behalf by:

Mr G S Jhutty - Director

1.	STATUTORY INFORMATION

M R Foodstores 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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 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.

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 NIL (2024 - 14 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

and 28 February 2025

327,230

DEPRECIATION

At 1 March 2024

149,268

Charge for year

62,777

At 28 February 2025

212,045

NET BOOK VALUE

At 28 February 2025

115,185

At 29 February 2024

177,962

5.

STOCKS

28.2.25

29.2.24

£

£

Stocks

80,358

138,498

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

182

708

Other debtors

1,365

-

1,547

708

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade creditors

26,046

28,580

Camelot

285

-

Social security and other taxes

402

906

VAT

-

162

Pension account

379

315

Net wages

9,217

-

Directors' current accounts

53,241

25,788

Accrued expenses

2,475

1,500

92,045

57,251

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Other loans - 2-5 years

1,500

-

Porsche loan

99,405

115,829

Hire purchase contracts

55,683

68,787

156,588

184,616

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

75

A ORDINARY

£1

75

75

25

B ORDINARY

£1

25

25

100

100

10.

RESERVES

Retained

earnings

£

At 1 March 2024

47,871

Deficit for the year

(116,160

)

At 28 February 2025

(68,289

)

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within the other creditors, the amount owed to the director is £53,241 (2024 - £25,788. The amount is interest free with no fixed date of repayment.