BABYLON SUPERMARKET LIMITED
|
Registered Number
:
07560452
|
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2018
BABYLON SUPERMARKET LIMITED
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
BABYLON SUPERMARKET LIMITED
Statement of Financial Position
2017
2018
5,200
5,600
2
Property
,
plant and equipment
|
27,540
29,982
3
32,740
35,582
28,500
65,000
4
Trade and other receivables
|
19,214
19,998
5
634
Cash and cash equivalents
|
1,939
86,937
48,348
Trade and other payables
:
amounts falling due within one
|
year
|
(25,651)
(69,707)
6
22,697
17,230
Net current assets
Total assets less current liabilities
|
49,970
58,279
49,970
Net assets
58,279
1
1
49,969
58,278
49,970
58,279
Shareholders' funds
For the year ended 31 March 2018 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 of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006
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The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 30 December 2018 and were signed by:
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The notes form part of these financial statements
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For the year ended 31 March 2018
BABYLON SUPERMARKET LIMITED
Notes to the Financial Statements
Statutory Information
BABYLON SUPERMARKET LIMITED is a private limited company
,
limited by shares
,
domiciled in England and
|
Wales
,
registration number
07560452
.
|
164-168 HESSLE ROAD
HULL
HU3 3AD
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 20 years.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
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For the year ended 31 March 2018
BABYLON SUPERMARKET LIMITED
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
8,000
8,000
2,400
400
Charge for year
2,800
5,200
5,600
3
.
Property
,
plant and equipment
|
Motor vehicles
44,571
7,400
37,171
1,000
-
1,000
38,171
7,400
45,571
Provision for depreciation and impairment
|
14,589
5,107
9,482
Charge for year
3,442
573
2,869
18,031
5,680
12,351
25,820
1,720
27,540
27,689
2,293
29,982
2017
2018
65,000
28,500
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For the year ended 31 March 2018
BABYLON SUPERMARKET LIMITED
Notes to the Financial Statements Continued
5
.
Trade and other receivables
|
2017
2018
19,998
19,214
6
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
3,220
2,094
Taxation and social security
|
4,443
8,007
62,044
15,550
69,707
25,651
Other Creditors include an amount of £4,186 due to a related party, Venture Business Parks Limited.
4 of 4