Family Asian Grocery Ltd

Family Asian Grocery Ltd
Statement of Financial Position
As at 31 January 2026

	2026
	£	£
Fixed assets		7,753
Current assets	33,854
Creditors: amount falling due within one year	(34,006)
Net current assets		(152)
Total assets less current liabilities		7,601
Accruals and deferred income		(1,319)
Net assets		6,282


Capital and reserves		6,282

NOTES TO THE ACCOUNTS

General Information

Family Asian Grocery Ltd is a private company, limited by shares, registered in England and Wales, registration number 16194083, registration address 11 Bodfor Street, Rhyl, LL18 1AS.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention.

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

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	20 Reducing Balance
Motor Vehicles	20 Reducing Balance
Fixtures and Fittings	20 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£	£
At 20 January 2025	-	-	-	-
Additions	3,160	4,750	1,065	8,975
Disposals	-	-	-	-
At 31 January 2026	3,160	4,750	1,065	8,975
Depreciation
At 20 January 2025	-	-	-	-
Charge for period	415	594	213	1,222
On disposals	-	-	-	-
At 31 January 2026	415	594	213	1,222
Net book values
Closing balance as at 31 January 2026	2,745	4,156	852	7,753
Opening balance as at 20 January 2025	-	-	-	-

3.	Average number of employees Average number of employees during the period was 2.

For the period ended 31 January 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 accounts for the period 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 accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.

The financial statements were approved by the board of directors on 10 October 2026 and were signed on its behalf by:

--------------------------------
Shinob Mathew
Director