Registered number
08563073
Memo Hornchurch Limited
Filleted Accounts
30 June 2022
Memo Hornchurch Limited
Registered number: 08563073
Balance Sheet
as at 30 June 2022
Notes 2022 2021
£ £
Current assets
Cash at bank and in hand 1,201 114,428
Creditors: amounts falling due within one year 3 (1,200) (80,481)
Net current assets 1 33,947
Net assets 1 33,947
Capital and reserves
Called up share capital 1 1
Profit and loss account - 33,946
Shareholder's funds 1 33,947
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mehmet Oztas
Director
Approved by the board on 6 September 2022
Memo Hornchurch Limited
Notes to the Accounts
for the year ended 30 June 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 11
3 Creditors: amounts falling due within one year 2022 2021
£ £
Taxation and social security costs - 75,374
Other creditors 1,200 5,107
1,200 80,481
4 Related party transactions
Included within other creditors is a director's loan of £nil (2021 - £307).
5 Controlling party
Mehmet Oztas is the ultimate controlling party.
6 Other information
Memo Hornchurch Limited is a private company limited by shares and incorporated in England. Its registered office is:
39-45 High Street
Hornchurch
Essex
RM11 1TP
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