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Company Registration No. 11798092 (England and Wales)
Memo Walthamstow Limited Unaudited accounts for the year ended 31 January 2023
Memo Walthamstow Limited Unaudited accounts Contents
Page
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Memo Walthamstow Limited Company Information for the year ended 31 January 2023
Directors
Mehmet Demir Ali Ihsan Kaya Mehmet Sait Dilek
Company Number
11798092 (England and Wales)
Registered Office
7 - 17 High Street Walthamstow London E17 7AD UNITED KINGDOM
Accountants
Abacus Financial Accountants 12 Douglas Road Goodmayes London IG3 8UX
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Memo Walthamstow Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
56,435 
106,368 
Tangible assets
85,564 
86,129 
141,999 
192,497 
Current assets
Inventories
214,415 
236,465 
Debtors
211,302 
299,548 
Cash at bank and in hand
1,003,091 
696,063 
1,428,808 
1,232,076 
Creditors: amounts falling due within one year
(1,124,315)
(1,094,938)
Net current assets
304,493 
137,138 
Net assets
446,492 
329,635 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
446,392 
329,535 
Shareholders' funds
446,492 
329,635 
For the year ending 31 January 2023 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 7 July 2023 and were signed on its behalf by
Mehmet Demir Director Company Registration No. 11798092
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Memo Walthamstow Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Memo Walthamstow Limited is a private company, limited by shares, registered in England and Wales, registration number 11798092. The registered office is 7 - 17 High Street, Walthamstow, London, E17 7AD, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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.
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 5 years
Motor vehicles
Over 5 years
Fixtures & fittings
Over 5 years
Computer equipment
Over 5 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Memo Walthamstow Limited Notes to the Accounts for the year ended 31 January 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2022
249,667 
At 31 January 2023
249,667 
Amortisation
At 1 February 2022
143,299 
Charge for the year
49,933 
At 31 January 2023
193,232 
Net book value
At 31 January 2023
56,435 
At 31 January 2022
106,368 
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
149,658 
6,419 
156,077 
Additions
43,310 
- 
43,310 
Disposals
(6,497)
- 
(6,497)
At 31 January 2023
186,471 
6,419 
192,890 
Depreciation
At 1 February 2022
66,096 
3,852 
69,948 
Charge for the year
36,094 
1,284 
37,378 
At 31 January 2023
102,190 
5,136 
107,326 
Net book value
At 31 January 2023
84,281 
1,283 
85,564 
At 31 January 2022
83,562 
2,567 
86,129 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,200 
19,846 
Trade debtors
210,102 
279,702 
211,302 
299,548 
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Memo Walthamstow Limited Notes to the Accounts for the year ended 31 January 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
56,656 
52,788 
Trade creditors
914,590 
730,123 
Taxes and social security
153,069 
97,006 
Proposed dividends
- 
20,000 
Loans from directors
- 
195,021 
1,124,315 
1,094,938 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 17 (2022: 16).
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