Warley Supermarket Limited - Limited company - abbreviated - 11.0.0

Warley Supermarket Limited - Limited company - abbreviated - 11.0.0

WARLEY SUPERMARKET LIMITED - Company Information

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REGISTERED NUMBER: 04296324 (England and Wales)















ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2013

FOR

WARLEY SUPERMARKET LIMITED

WARLEY SUPERMARKET LIMITED (REGISTERED NUMBER: 04296324)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2013




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

WARLEY SUPERMARKET LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2013







DIRECTORS: R S Sandhar
Mrs J Kaur
G S Singh





SECRETARY: R S Sandhar





REGISTERED OFFICE: Harpal House
14 Holyhead Road
Handsworth
Birmingham
West Midlands
B21 0LT





REGISTERED NUMBER: 04296324 (England and Wales)
Page 1
WARLEY SUPERMARKET LIMITED (REGISTERED NUMBER: 04296324)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2013

31/10/13 31/10/12
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 6,825 7,575
Tangible assets 3 9,244 10,892
16,069 18,467

CURRENT ASSETS
Stocks 49,410 46,720
Debtors 1,200 788
Cash in hand 5,272 3,090
55,882 50,598
CREDITORS
Amounts falling due within one year 67,442 66,364
NET CURRENT LIABILITIES (11,560 ) (15,766 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,509
2,701

CAPITAL AND RESERVES
Called up share capital 4 4 4
Profit and loss account 4,505 2,697
SHAREHOLDERS' FUNDS 4,509 2,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 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 notes form part of these abbreviated accounts

Page 2 continued...
WARLEY SUPERMARKET LIMITED (REGISTERED NUMBER: 04296324)

ABBREVIATED BALANCE SHEET - continued
31 OCTOBER 2013


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 31 July 2014 and were signed on its behalf by:





G S Singh - Director


The notes form part of these abbreviated accounts

Page 3
WARLEY SUPERMARKET LIMITED (REGISTERED NUMBER: 04296324)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2013

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2012
and 31 October 2013 15,000
AMORTISATION
At 1 November 2012 7,425
Amortisation for year 750
At 31 October 2013 8,175
NET BOOK VALUE

At 31 October 2013 6,825
At 31 October 2012 7,575

Page 4 continued...
WARLEY SUPERMARKET LIMITED (REGISTERED NUMBER: 04296324)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2013

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2012
and 31 October 2013 39,707
DEPRECIATION
At 1 November 2012 28,815
Charge for year 1,648
At 31 October 2013 30,463
NET BOOK VALUE
At 31 October 2013 9,244
At 31 October 2012 10,892

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/13 31/10/12
value: £    £   
4 Ordinary Shares £1 4 4

Page 5