Registered number
09115436
Meola Bros UK Ltd
Filleted Accounts
31 July 2023
Meola Bros UK Ltd
Registered number: 09115436
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 1,000 2,000
Tangible assets 4 1,230 1,588
2,230 3,588
Current assets
Stocks 2,500 2,500
Debtors 5 43,608 14,108
Cash at bank and in hand 91,253 101,268
137,361 117,876
Creditors: amounts falling due within one year 6 (12,193) (11,178)
Net current assets 125,168 106,698
Net assets 127,398 110,286
Capital and reserves
Called up share capital 100 100
Profit and loss account 127,298 110,186
Shareholders' funds 127,398 110,286
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Meola
Director
Approved by the board on 7 November 2023
Meola Bros UK Ltd
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Debtors
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.
Creditors
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2022 10,000
At 31 July 2023 10,000
Amortisation
At 1 August 2022 8,000
Provided during the year 1,000
At 31 July 2023 9,000
Net book value
At 31 July 2023 1,000
At 31 July 2022 2,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
FF&E Motor vehicles Total
£ £ £
Cost
At 1 August 2022 1,160 12,000 13,160
At 31 July 2023 1,160 12,000 13,160
Depreciation
At 1 August 2022 774 10,798 11,572
Charge for the year 58 300 358
At 31 July 2023 832 11,098 11,930
Net book value
At 31 July 2023 328 902 1,230
At 31 July 2022 386 1,202 1,588
5 Debtors 2023 2022
£ £
Trade debtors 43,608 14,108
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 10,317 9,920
Accruals 1,254 995
Directors account 622 263
12,193 11,178
7 Other information
Meola Bros UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
17 Gravel Walks
Oldham
Lancashire
OL4 1JY
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