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REGISTERED NUMBER: 11957893 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2023 to 30 September 2023

for

Memonseo Ltd

Memonseo Ltd (Registered number: 11957893)






Contents of the Financial Statements
for the Period 1 January 2023 to 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Memonseo Ltd

Company Information
for the Period 1 January 2023 to 30 September 2023







DIRECTORS: Mrs M S MEMON
A J M MEMON





SECRETARY: Memonseo Ltd





REGISTERED OFFICE: Unit C Cateswell Retail Park 1184 Stratf
Hall Green
Birmingham
B28 8AB





REGISTERED NUMBER: 11957893 (England and Wales)





ACCOUNTANTS: Certax Accounting Fitzrovia Limited
85
Tottenham Court Road
London
W1T 4TQ

Memonseo Ltd (Registered number: 11957893)

Balance Sheet
30 September 2023

30/9/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 26,989 30,357
Tangible assets 5 3,197 4,810
30,186 35,167

CURRENT ASSETS
Debtors 6 14,266 -
Cash in hand 2,171 1,651
16,437 1,651
CREDITORS
Amounts falling due within one year 7 91,910 96,958
NET CURRENT LIABILITIES (75,473 ) (95,307 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(45,287

)

(60,140

)

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (45,487 ) (60,340 )
(45,287 ) (60,140 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:





A J M MEMON - Director


Memonseo Ltd (Registered number: 11957893)

Notes to the Financial Statements
for the Period 1 January 2023 to 30 September 2023

1. STATUTORY INFORMATION

Memonseo Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 10% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2022 - 4 ) .

Memonseo Ltd (Registered number: 11957893)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 September 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 30 September 2023 44,900
AMORTISATION
At 1 January 2023 14,543
Charge for period 3,368
At 30 September 2023 17,911
NET BOOK VALUE
At 30 September 2023 26,989
At 31 December 2022 30,357

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 30 September 2023 10,099
DEPRECIATION
At 1 January 2023 5,289
Charge for period 1,613
At 30 September 2023 6,902
NET BOOK VALUE
At 30 September 2023 3,197
At 31 December 2022 4,810

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 31/12/22
£    £   
Other debtors 14,266 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 31/12/22
£    £   
Trade creditors 793 10,396
Taxes and other 13,021 8,465
Directors Loan 78,096 78,097
91,910 96,958