Company registration number 07700806 (England and Wales)
Supermarket Surplus Limited
Unaudited financial statements
For the year ended 31 March 2025
Supermarket Surplus Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7
Supermarket Surplus Limited
Statement of financial position
As at 31 March 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
28,767
37,113
Current assets
Stocks
179,437
171,836
Debtors
4
75,310
59,084
Cash at bank and in hand
346,134
398,906
600,881
629,826
Creditors: amounts falling due within one year
5
(305,630)
(299,541)
Net current assets
295,251
330,285
Total assets less current liabilities
324,018
367,398
Creditors: amounts falling due after more than one year
6
(10,608)
(31,608)
Provisions for liabilities
(7,200)
(9,300)
Net assets
306,210
326,490
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss reserves
296,210
316,490
Total equity
306,210
326,490
Supermarket Surplus Limited
Statement of financial position (continued)
As at 31 March 2025
31 March 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 December 2025 and are signed on its behalf by:
Mr L James
Mr G J Robson
Director
Director
Company registration number 07700806 (England and Wales)
Supermarket Surplus Limited
Notes to the financial statements
For the year ended 31 March 2025
- 3 -
1
Accounting policies
Company information

Supermarket Surplus Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1, Ollerton Business Park, Childs Ercall, Market Drayton, Shropshire, England, TF9 2EJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on despatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Supermarket Surplus Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in han d and at bank,

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, amounts due from fellow group companies, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Supermarket Surplus Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 5 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. .

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Supermarket Surplus Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
13
11
3
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 April 2024
12,000
42,405
54,405
Additions
935
-
0
935
At 31 March 2025
12,935
42,405
55,340
Depreciation and impairment
At 1 April 2024
10,398
6,894
17,292
Depreciation charged in the year
403
8,878
9,281
At 31 March 2025
10,801
15,772
26,573
Carrying amount
At 31 March 2025
2,134
26,633
28,767
At 31 March 2024
1,602
35,511
37,113
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
9,104
9,084
Amounts owed by group undertakings
66,206
50,000
75,310
59,084
Supermarket Surplus Limited
Notes to the financial statements (continued)
For the year ended 31 March 2025
- 7 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,000
10,000
Amounts owed to group undertakings
56,327
40,289
Taxation and social security
71,734
72,839
Other creditors
167,569
176,413
305,630
299,541
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
6,667
16,667
Other creditors
3,941
14,941
10,608
31,608
7
Security

The bank loans are secured by a fixed and floating charge over the assets of the company.

The security also contains a negative pledge.

2025-03-31 2024-04-01 false false false 01 December 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr Lee James Mr Glenn Gareth Leslie James Mr Greg James Robson 07700806 2024-04-01 2025-03-31 07700806 2025-03-31 07700806 2024-03-31 07700806 core:PlantMachinery 2025-03-31 07700806 core:MotorVehicles 2025-03-31 07700806 core:PlantMachinery 2024-03-31 07700806 core:MotorVehicles 2024-03-31 07700806 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 07700806 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07700806 core:WithinOneYear 2025-03-31 07700806 core:WithinOneYear 2024-03-31 07700806 core:AfterOneYear 2025-03-31 07700806 core:AfterOneYear 2024-03-31 07700806 core:CurrentFinancialInstruments 2025-03-31 07700806 core:CurrentFinancialInstruments 2024-03-31 07700806 core:CurrentFinancialInstruments core:ContinuingOperations 2025-03-31 07700806 core:CurrentFinancialInstruments core:ContinuingOperations 2024-03-31 07700806 core:ShareCapital 2025-03-31 07700806 core:ShareCapital 2024-03-31 07700806 core:RetainedEarningsAccumulatedLosses 2025-03-31 07700806 core:RetainedEarningsAccumulatedLosses 2024-03-31 07700806 bus:Director1 2024-04-01 2025-03-31 07700806 bus:Director3 2024-04-01 2025-03-31 07700806 core:PlantMachinery 2024-04-01 2025-03-31 07700806 core:MotorVehicles 2024-04-01 2025-03-31 07700806 2023-04-01 2024-03-31 07700806 core:PlantMachinery 2024-03-31 07700806 core:MotorVehicles 2024-03-31 07700806 2024-03-31 07700806 core:Non-currentFinancialInstruments 2025-03-31 07700806 core:Non-currentFinancialInstruments 2024-03-31 07700806 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07700806 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07700806 bus:FRS102 2024-04-01 2025-03-31 07700806 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07700806 bus:Director2 2024-04-01 2025-03-31 07700806 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP