Company Registration No. 11747744 (England and Wales)
MEMONZ TRADING LTD
Unaudited accounts
for the year ended 31 December 2022
MEMONZ TRADING LTD
Unaudited accounts
Contents
MEMONZ TRADING LTD
Company Information
for the year ended 31 December 2022
Directors
Aneel Jabbar Memon
Mehak Shahzad Memon
Secretary
Shahzad Ali Memon
Company Number
11747744 (England and Wales)
Registered Office
UNIT C CATESWELL RETAIL PARK 1184 STRATF
HALL GREEN
BIRMINGHAM
B28 8AB
ENGLAND
Accountants
Certax Accounting (Fitzrovia) Limited
85
Tottenham Court Road
London
W1T 4TQ
MEMONZ TRADING LTD
Statement of financial position
as at 31 December 2022
Intangible assets
28,287
32,937
Tangible assets
10,464
19,456
Cash at bank and in hand
14,540
5,319
Creditors: amounts falling due within one year
(182,721)
(192,168)
Net current liabilities
(146,982)
(176,349)
Net liabilities
(108,231)
(123,956)
Called up share capital
100
100
Profit and loss account
(108,331)
(124,056)
Shareholders' funds
(108,231)
(123,956)
For the year ending 31 December 2022 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by
Mehak Shahzad Memon
Director
Company Registration No. 11747744
MEMONZ TRADING LTD
Notes to the Accounts
for the year ended 31 December 2022
MEMONZ TRADING LTD is a private company, limited by shares, registered in England and Wales, registration number 11747744. The registered office is UNIT C CATESWELL RETAIL PARK 1184 STRATF, HALL GREEN, BIRMINGHAM, B28 8AB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Over 4 years
Motor vehicles
over 10 years
Fixtures & fittings
Over 4 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
MEMONZ TRADING LTD
Notes to the Accounts
for the year ended 31 December 2022
4
Intangible fixed assets
Other
At 31 December 2022
46,500
At 31 December 2022
18,213
At 31 December 2022
28,287
At 31 December 2021
32,937
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2022
16,350
16,194
13,137
45,681
At 31 December 2022
16,350
16,194
13,137
45,681
At 1 January 2022
11,922
4,724
9,579
26,225
Charge for the year
4,088
1,620
3,284
8,992
At 31 December 2022
16,010
6,344
12,863
35,217
At 31 December 2022
340
9,850
274
10,464
At 31 December 2021
4,428
11,470
3,558
19,456
Amounts falling due within one year
Other debtors
19,400
10,500
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
22,643
6,500
Taxes and social security
10,999
20,623
Loans from directors
149,079
149,079
MEMONZ TRADING LTD
Notes to the Accounts
for the year ended 31 December 2022
8
Average number of employees
During the year the average number of employees was 4 (2021: 4).