Meola Bros UK Ltd |
Notes to the Accounts |
for the year ended 31 July 2023 |
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1 |
Accounting policies |
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Debtors |
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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. |
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Creditors |
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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. |
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2 |
Employees |
2023 |
|
2022 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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3 |
Intangible fixed assets |
£ |
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Goodwill: |
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Cost |
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At 1 August 2022 |
10,000 |
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At 31 July 2023 |
10,000 |
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Amortisation |
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At 1 August 2022 |
8,000 |
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Provided during the year |
1,000 |
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At 31 July 2023 |
9,000 |
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Net book value |
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At 31 July 2023 |
1,000 |
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At 31 July 2022 |
2,000 |
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Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
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4 |
Tangible fixed assets |
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FF&E |
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Motor vehicles |
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Total |
£ |
£ |
£ |
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Cost |
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At 1 August 2022 |
1,160 |
|
12,000 |
|
13,160 |
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At 31 July 2023 |
1,160 |
|
12,000 |
|
13,160 |
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|
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Depreciation |
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At 1 August 2022 |
774 |
|
10,798 |
|
11,572 |
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Charge for the year |
58 |
|
300 |
|
358 |
|
At 31 July 2023 |
832 |
|
11,098 |
|
11,930 |
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|
|
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Net book value |
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At 31 July 2023 |
328 |
|
902 |
|
1,230 |
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At 31 July 2022 |
386 |
|
1,202 |
|
1,588 |
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5 |
Debtors |
2023 |
|
2022 |
£ |
£ |
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Trade debtors |
43,608 |
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14,108 |
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6 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
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Taxation and social security costs |
10,317 |
|
9,920 |
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Accruals |
1,254 |
|
995 |
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Directors account |
622 |
|
263 |
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|
|
|
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12,193 |
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11,178 |
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7 |
Other information |
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Meola Bros UK Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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17 Gravel Walks |
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Oldham |
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Lancashire |
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OL4 1JY |