Bells Supermarket (Offmore) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05244209 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

BELLS SUPERMARKET (OFFMORE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B K Sanghera

H S Sanghera

J S Sanghera

REGISTERED OFFICE:

Park Gate Cottage

Parkgate Road

Wolverley

Kidderminster

Worcestershire

DY10 3PU

REGISTERED NUMBER:

05244209 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

174,221

174,175

174,221

174,175

CURRENT ASSETS

Stocks

6

75,220

70,216

Debtors

7

1,504,772

1,293,520

Cash at bank and in hand

333,029

286,062

1,913,021

1,649,798

CREDITORS

Amounts falling due within one year

8

222,626

186,600

NET CURRENT ASSETS

1,690,395

1,463,198

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,864,616

1,637,373

CREDITORS

Amounts falling due after more than one
year

9

(5,615

)

(7,048

)

PROVISIONS FOR LIABILITIES

10

(31,743

)

(31,678

)

NET ASSETS

1,827,258

1,598,647

CAPITAL AND RESERVES

Called up share capital

11

3

Retained earnings

12

1,827,255

1,598,644

SHAREHOLDERS' FUNDS

1,827,258

1,598,647

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 Income Statement has not been delivered.

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

H S Sanghera - Director

1.	STATUTORY INFORMATION

Bells Supermarket (Offmore) 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Goodwill of business acquired in 2009 is being amortised over ten years.

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.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

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.

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 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

223,544

AMORTISATION

At 1 April 2024

and 31 March 2025

223,544

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Long

to

Plant and

leasehold

property

machinery

£

COST

At 1 April 2024

1

5,800

54,802

Additions

-

At 31 March 2025

1

5,800

54,802

DEPRECIATION

At 1 April 2024

-

36,782

Charge for year

-

2,703

At 31 March 2025

-

39,485

NET BOOK VALUE

At 31 March 2025

1

5,800

15,317

At 31 March 2024

1

5,800

18,020

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2024

357,143

3,715

421,461

Additions

29,499

269

29,768

At 31 March 2025

386,642

3,984

451,229

DEPRECIATION

At 1 April 2024

209,355

1,149

247,286

Charge for year

26,593

426

29,722

At 31 March 2025

235,948

1,575

277,008

NET BOOK VALUE

At 31 March 2025

150,694

2,409

174,221

At 31 March 2024

147,788

2,566

174,175

6.

STOCKS

31.3.25

31.3.24

£

Stocks

75,220

70,216

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

16,894

7,642

Amounts owed by associates

1,487,878

1,285,878

1,504,772

1,293,520

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

10,312

1,081

Trade creditors

97,055

69,428

Tax

92,755

89,402

Social security and other taxes

3,230

10,661

Pensions

458

147

VAT

15,466

12,031

Accrued expenses

3,350

3,850

222,626

186,600

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Directors loan

5,615

7,048

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

31,743

31,678

Deferred

tax

£

Balance at 1 April 2024

31,678

Provided during year

65

Balance at 31 March 2025

31,743

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

2

Ordinary

£1

3

2

1

B Ordinary

£1

-

1

3

12.

RESERVES

Retained

earnings

£

At 1 April 2024

1,598,644

Profit for the year

278,611

Dividends

(50,000

)

At 31 March 2025

1,827,255

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr Harnaik Singh Sanghera and Mrs Baldev kaur Sanghera.