The Supreme Group Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: SC516648 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2022

for

The Supreme Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G T Kayes

Mrs Y M Kayes

REGISTERED OFFICE:

105 Clydeholm Road

Glasgow

G14 0QQ

REGISTERED NUMBER:

SC516648 (Scotland)

ACCOUNTANTS:

Advantage Accounting (Scotland) Ltd

Pavilion 2

Finnieston Business Park

Minerva Way

Glasgow

G3 8AU

FIXED ASSETS

Tangible assets

4

146,757

125,850

CURRENT ASSETS

Debtors

5

129,492

137,914

Cash at bank and in hand

3,111

1,270

132,603

139,184

CREDITORS

Amounts falling due within one year

6

102,214

111,741

NET CURRENT ASSETS

30,389

27,443

TOTAL ASSETS LESS CURRENT LIABILITIES

177,146

153,293

CREDITORS

Amounts falling due after more than one year

7

107,536

103,321

NET ASSETS

69,610

49,972

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

69,608

49,970

SHAREHOLDERS' FUNDS

69,610

49,972

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 30 June 2023 and were signed on its behalf by:

Mrs Y M Kayes - Director

1.	STATUTORY INFORMATION

The Supreme Group Limited is a private company, limited by shares , registered in Scotland. 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.

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 etc

-

15% on reducing balance and 5% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 12 (2021 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2021

161,264

Additions

54,363

At 30 September 2022

215,627

DEPRECIATION

At 1 October 2021

35,414

Charge for year

33,456

At 30 September 2022

68,870

NET BOOK VALUE

At 30 September 2022

146,757

At 30 September 2021

125,850

5.

DEBTORS

30.9.22

30.9.21

£

£

Amounts falling due within one year:

Other debtors

9,370

31,203

Amounts falling due after more than one year:

Amounts owed by associates

120,122

106,711

Aggregate amounts

129,492

137,914

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

-

42,898

Trade creditors

16,931

31,697

Taxation and social security

59,431

8,259

Other creditors

15,852

18,887

102,214

111,741

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.22

30.9.21

£

£

Bank loans

26,667

36,667

Hire purchase contracts

-

53,087

Amounts owed to associates

80,869

13,567

107,536

103,321