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Company Registration No. 11798108 (England and Wales)
Memo South Woodford Limited Unaudited accounts for the year ended 31 January 2023
Memo South Woodford Limited Unaudited accounts Contents
Page
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Memo South Woodford Limited Company Information for the year ended 31 January 2023
Directors
Ali Ihsan Kaya Mehmet Sait Dilek Mehmet Demir
Company Number
11798108 (England and Wales)
Registered Office
146-150 George Lane South Woodford London E18 1AY UNITED KINGDOM
Accountants
Abacus Financial Accountants 12 Douglas Road Goodmayes London IG3 8UX
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Memo South Woodford Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
70,883 
141,764 
Tangible assets
164,509 
182,468 
235,392 
324,232 
Current assets
Inventories
127,243 
107,689 
Debtors
162,099 
203,377 
Cash at bank and in hand
791,180 
383,840 
1,080,522 
694,906 
Creditors: amounts falling due within one year
(926,412)
(646,416)
Net current assets
154,110 
48,490 
Net assets
389,502 
372,722 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
389,402 
372,622 
Shareholders' funds
389,502 
372,722 
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 20 August 2023 and were signed on its behalf by
Mehmet Demir Director Company Registration No. 11798108
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Memo South Woodford Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Memo South Woodford Limited is a private company, limited by shares, registered in England and Wales, registration number 11798108. The registered office is 146-150 George Lane, South Woodford, London, E18 1AY, 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.
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
Fixtures & fittings
over 5 years
Computer equipment
over 5 years
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill) are included at cost less accumulated amortisation.
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Memo South Woodford Limited Notes to the Accounts for the year ended 31 January 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2022
354,407 
At 31 January 2023
354,407 
Amortisation
At 1 February 2022
212,643 
Charge for the year
70,881 
At 31 January 2023
283,524 
Net book value
At 31 January 2023
70,883 
At 31 January 2022
141,764 
Goodwill is being written off in equal annual installments 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
276,118 
20,000 
296,118 
Additions
51,580 
- 
51,580 
At 31 January 2023
327,698 
20,000 
347,698 
Depreciation
At 1 February 2022
101,650 
12,000 
113,650 
Charge for the year
65,539 
4,000 
69,539 
At 31 January 2023
167,189 
16,000 
183,189 
Net book value
At 31 January 2023
160,509 
4,000 
164,509 
At 31 January 2022
174,468 
8,000 
182,468 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
8,624 
17,964 
Trade debtors
153,475 
185,413 
162,099 
203,377 
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Memo South Woodford 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
57,456 
50,000 
Trade creditors
485,163 
212,605 
Taxes and social security
95,116 
101,346 
Proposed dividends
20,000 
20,000 
Loans from directors
266,277 
260,065 
Accruals
2,400 
2,400 
926,412 
646,416 
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 10 (2022: 9).
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