M Sharif Cash & Carry Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01932639

M Sharif Cash & Carry Limited

Filleted Unaudited Financial Statements

30 April 2026

M Sharif Cash & Carry Limited

Statement of Financial Position

30 April 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	6		5,964	7,934

Current assets

Stocks		2,896	3,329
Debtors	7	530,540	510,390
Cash at bank and in hand		1,435,253	1,333,096
		---------------	---------------
		1,968,689	1,846,815

Creditors: amounts falling due within one year	8	105,520		101,064
		---------------		---------------
Net current assets			1,863,169	1,745,751
			---------------	---------------
Total assets less current liabilities			1,869,133	1,753,685

Provisions

Taxation including deferred tax	1,491	1,984
	---------------	---------------
Net assets	1,867,642	1,751,701
	---------------	---------------

M Sharif Cash & Carry Limited

Statement of Financial Position (continued)

30 April 2026

	2026		2025
Note	£	£	£

Capital and reserves

Called up share capital		10,000	10,000
Profit and loss account	10	1,857,642	1,741,701
		---------------	---------------
Shareholders funds		1,867,642	1,751,701
		---------------	---------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30th April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 4 August 2026 , and are signed on behalf of the board by:

Mr Mohammed Shaid Sharif

Director

Company registration number: 01932639

M Sharif Cash & Carry Limited

Notes to the Financial Statements

Year Ended 30th April 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 33 - 48 Charles Henry Street, Highgate, Birmingham, West Midlands, B12 0JD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

(a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) No disclosure has been given for the aggregate remuneration of key management personnel.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).

5. Tax on profit

Major components of tax expense

	2026	2025
	£	£

Current tax:

UK current tax expense	39,140	44,740

Deferred tax:

Origination and reversal of timing differences	( 493)	( 656)
	----------	----------
Tax on profit	38,647	44,084
	----------	----------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is the same as (2025: higher than) the standard rate of corporation tax in the UK of 25 % (2025: 25 %).

	2026	2025
	£	£
Profit on ordinary activities before taxation	154,588	176,142
	-----------	-----------
Profit on ordinary activities by rate of tax	38,647	44,035
Effect of expenses not deductible for tax purposes	–	49
Effect of capital allowances and depreciation	493	656
Deferred tax movement	( 493)	( 656)
	-----------	-----------
Tax on profit	38,647	44,084
	-----------	-----------

6. Tangible assets

	Fixtures and fittings	Motor vehicles	Total
	£	£	£
Cost
At 1st May 2025 and 30th April 2026	6,871	18,500	25,371
	--------	----------	----------
Depreciation
At 1st May 2025	6,742	10,695	17,437
Charge for the year	19	1,951	1,970
	--------	----------	----------
At 30th April 2026	6,761	12,646	19,407
	--------	----------	----------
Carrying amount
At 30th April 2026	110	5,854	5,964
	--------	----------	----------
At 30th April 2025	129	7,805	7,934
	--------	----------	----------

7. Debtors

	2026	2025
	£	£
Trade debtors	17,027	15,786
Prepayments	2,796	2,819
Other debtors	510,717	491,785
	-----------	-----------
	530,540	510,390
	-----------	-----------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Corporation tax	39,088	44,727
Social security and other taxes	4,113	–
Directors' loan account	58,319	47,647
Accruals	4,000	3,950
Other creditors	–	4,740
	-----------	-----------
	105,520	101,064
	-----------	-----------

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2026	2025
	£	£
Included in provisions	1,491	1,984
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2026	2025
	£	£
Accelerated capital allowances	1,491	1,984
	--------	--------

10. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

11. Directors' advances, credits and guarantees

The directors loan account was not overdrawn during current and last year.

12. Related party transactions

Controlling party The company was under the control of the directors during the year. Dividends paid to directors Dividends paid to directors during the year was £nil, (2025 - £nil).