WEALDSTONE SUPERMARKET LTD
Statement of financial position
as at 31 October 2021
Tangible assets
6,849
9,708
Cash at bank and in hand
2,801
4,573
Creditors: amounts falling due within one year
(23,090)
(11,804)
Net current assets
11,673
3,049
Called up share capital
100
100
Profit and loss account
18,422
12,657
Shareholders' funds
18,522
12,757
For the year ending 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 July 2022 and were signed on its behalf by
SAMIULLAH TAVADAR
Director
Company Registration No. 9828297
WEALDSTONE SUPERMARKET LTD
Notes to the Accounts
for the year ended 31 October 2021
WEALDSTONE SUPERMARKET LTD is a private company, limited by shares, registered in England and Wales, registration number 9828297. The registered office is 5 HEADSTONE DRIVE, HARROW, MIDDLESEX, HA3 5QX, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 October 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2019.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing
Computer equipment
20% Reducing
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2020
5,400
15,850
21,250
At 31 October 2021
5,400
15,850
21,250
At 1 November 2020
3,328
8,214
11,542
Charge for the year
553
2,306
2,859
At 31 October 2021
3,881
10,520
14,401
At 31 October 2021
1,519
5,330
6,849
At 31 October 2020
2,072
7,636
9,708
WEALDSTONE SUPERMARKET LTD
Notes to the Accounts
for the year ended 31 October 2021
5
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
1,353
1,804
Loans from directors
10,000
10,000
6
Average number of employees
During the year the average number of employees was 6 (2020: 6).