Company Registration No. 03599282 (England and Wales)
DHESI SUPERMARKETS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
DHESI SUPERMARKETS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
DHESI SUPERMARKETS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
150,719
199,117
Investments
2
7,850
7,850
158,569
206,967
Current assets
Stocks
191,311
196,198
Debtors
568,579
324,034
Cash at bank and in hand
190,458
188,394
950,348
708,626
Creditors: amounts falling due within one year
(483,570)
(340,093)
Net current assets
466,778
368,533
Total assets less current liabilities
625,347
575,500
Creditors: amounts falling due after more than one year
(222,958)
(19,960)
Provisions for liabilities
(24,110)
(27,397)
378,279
528,143
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
378,179
528,043
Shareholders' funds
378,279
528,143
DHESI SUPERMARKETS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2015
31 March 2015
- 2 -
For the financial year ended 31 March 2015 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 9 December 2015
D.S. Dhesi
Director
Company Registration No. 03599282
DHESI SUPERMARKETS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
Over the term of the lease
Plant and machinery
20% on written down value
Fixtures, fittings & equipment
20% on written down value
Motor vehicles
25% on written down value
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
DHESI SUPERMARKETS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 April 2014
727,560
7,850
735,410
Additions
26,863
-
26,863
At 31 March 2015
754,423
7,850
762,273
Depreciation
At 1 April 2014
528,443
-
528,443
Charge for the year
75,261
-
75,261
At 31 March 2015
603,704
-
603,704
Net book value
At 31 March 2015
150,719
7,850
158,569
At 31 March 2014
199,117
7,850
206,967
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
44 Ordinary 'A' shares of £1 each
44
44
40 Ordinary 'B' shares of £1 each
40
40
16 Ordinary 'C' & 'D' shares of £1 each
16
16
100
100
4
Related party relationships and transactions
Advances and credits to directors
Advances and credits granted to the directors during the year are outlined in the table below:
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
B.S Dhesi - Directors Loan Account
-
198,313
78,249
-
44,145
232,417
D.S. Dhesi - Directors Loan Account
-
195,065
39,199
-
69,145
165,119
393,378
117,448
-
113,290
397,536