SAAQI SUPERMARKET LTD - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 08881436 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2017

for

SAAQI SUPERMARKET LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

5

DIRECTOR:

H J S AL-GERSANI

SECRETARY:

REGISTERED OFFICE:

129 STATION ROAD

LONDON

London

NW4 4NJ

REGISTERED NUMBER:

08881436 (England and Wales)

ACCOUNTANTS:

Cohen & Co. Accountants

129 Station Road

London

London

NW4 4NJ

FIXED ASSETS

Tangible assets

4

62,263

66,761

CURRENT ASSETS

Stocks

28,328

20,733

Debtors

5

518

3,375

Cash at bank

2,050

16,209

30,896

40,317

CREDITORS

Amounts falling due within one year

6

29,664

79,140

NET CURRENT ASSETS/(LIABILITIES)

1,232

(38,823

)

TOTAL ASSETS LESS CURRENT LIABILITIES

63,495

27,938

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

63,395

27,838

SHAREHOLDERS' FUNDS

63,495

27,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 30 November 2017 and were signed by:

H J S AL-GERSANI - Director

1.	STATUTORY INFORMATION

SAAQI SUPERMARKET LTD is a private company, limited by shares , registered in England and Wales. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 29 February 2016

94,167

Additions

11,068

At 28 February 2017

105,235

DEPRECIATION

At 29 February 2016

27,406

Charge for year

15,566

At 28 February 2017

42,972

NET BOOK VALUE

At 28 February 2017

62,263

At 28 February 2016

66,761

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

28.2.16

£

£

Other debtors

518

3,375

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

28.2.16

£

£

Trade creditors

613

609

Taxation and social security

469

144

Other creditors

28,582

78,387

29,664

79,140

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2017 set out on pages to and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Cohen & Co. Accountants

129 Station Road

London

London

NW4 4NJ

Date: .............................................