Ali's Superstore (North East) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Ali's Superstore (North East) Limited

Company Information

Director

Mrs Balkis Akhtar

Registered office

436 Linthorpe Road Linthorpe Middlesbrough TS5 6HW

Accountants

Chuhan and Singh Partnership Limited Chartered Accountants81 Borough Road Middlesbrough TS1 3AA

Ali's Superstore (North East) Limited

(Registration number: 13057636)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	220,712	234,850
Current assets
Stocks	5	198,643	128,643
Debtors	6	6,459	4,631
Cash at bank and in hand		13,350	7,057
		218,452	140,331
Creditors: Amounts falling due within one year	7	(152,673)	(128,391)
Net current assets		65,779	11,940
Total assets less current liabilities		286,491	246,790
Creditors: Amounts falling due after more than one year	7	(137,980)	(145,012)
Net assets		148,511	101,778
Capital and reserves
Retained earnings		148,511	101,778
Shareholders' funds		148,511	101,778

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 December 2025
 

......................................... Mrs Balkis Akhtar Director

Ali's Superstore (North East) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
436 Linthorpe Road
Linthorpe
Middlesbrough
TS5 6HW

These financial statements were authorised for issue by the director on 17 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Ali's Superstore (North East) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 11 (2023 - 16).

Ali's Superstore (North East) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4	Tangible assets

	Long leasehold land and buildings £	Fixtures and fittings £	Total £
Cost or valuation
At 1 January 2024	104,867	198,967	303,834
Additions	-	5,847	5,847
At 31 December 2024	104,867	204,814	309,681
Depreciation
At 1 January 2024	-	68,984	68,984
Charge for the year	-	19,985	19,985
At 31 December 2024	-	88,969	88,969
Carrying amount
At 31 December 2024	104,867	115,845	220,712
At 31 December 2023	104,867	129,983	234,850

Included within the net book value of land and buildings above is £104,867 (2023 - £104,867) in respect of long leasehold land and buildings.
 

5

Stocks

	2024 £	2023 £
Other inventories	198,643	128,643

6

Debtors

Current	2024 £	2023 £
Other debtors	6,459	4,631
	6,459	4,631

Ali's Superstore (North East) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	5,239	12,453
Trade creditors		38,353	4,487
Taxation and social security		25,969	16,645
Accruals and deferred income		1,480	1,480
Other creditors		81,632	93,326
		152,673	128,391

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	137,980	145,012

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	4,753	7,687
Other borrowings	133,227	137,325
	137,980	145,012

Ali's Superstore (North East) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

9	Loans and borrowings (continued)

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	5,239	6,139
Bank overdrafts	-	6,314
	5,239	12,453