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REGISTERED NUMBER: 09867748 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2022

for

Nadine Merabi Limited

Nadine Merabi Limited (Registered number: 09867748)






Contents of the Financial Statements
for the year ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Nadine Merabi Limited

Company Information
for the year ended 31 December 2022







DIRECTORS: F P Ellis
N Merabi
B Z D Wilson





REGISTERED OFFICE: Suite 1a, Floor 1 Statham House
Lancastrian Office Centre
Talbot Road
Stretford
Manchester
M32 0FP





REGISTERED NUMBER: 09867748 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Nadine Merabi Limited (Registered number: 09867748)

Balance Sheet
31 December 2022

2022 2021
Notes £ £
FIXED ASSETS
Intangible assets 4 - 83,146
Tangible assets 5 480,376 210,884
480,376 294,030

CURRENT ASSETS
Stocks 4,064,201 2,686,373
Debtors 6 423,794 315,410
Cash at bank and in hand 3,781,520 1,760,856
8,269,515 4,762,639
CREDITORS
Amounts falling due within one year 7 (5,723,958 ) (3,209,610 )
NET CURRENT ASSETS 2,545,557 1,553,029
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,025,933

1,847,059

CREDITORS
Amounts falling due after more than one year 8 (417,195 ) (191,667 )

PROVISIONS FOR LIABILITIES (87,472 ) (52,721 )
NET ASSETS 2,521,266 1,602,671

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 2,521,166 1,602,571
SHAREHOLDERS' FUNDS 2,521,266 1,602,671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

Nadine Merabi Limited (Registered number: 09867748)

Balance Sheet - continued
31 December 2022


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 14 November 2023 and were signed on its behalf by:





F P Ellis - Director


Nadine Merabi Limited (Registered number: 09867748)

Notes to the Financial Statements
for the year ended 31 December 2022

1. STATUTORY INFORMATION

Nadine Merabi Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Improvements - 4% straight line
Fixtures and fittings - 33% straight line
Computer equipment - 33% straight line
Motor Vehicles - 20% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 year 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.

Nadine Merabi Limited (Registered number: 09867748)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement.

Share capital
Ordinary shares are classed as equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 73 (2021 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 January 2022 103,932
Disposals (103,932 )
At 31 December 2022 -
AMORTISATION
At 1 January 2022 20,786
Charge for year 10,394
Eliminated on disposal (31,180 )
At 31 December 2022 -
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 83,146

Nadine Merabi Limited (Registered number: 09867748)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2022 297,052
Additions 416,433
At 31 December 2022 713,485
DEPRECIATION
At 1 January 2022 86,168
Charge for year 146,941
At 31 December 2022 233,109
NET BOOK VALUE
At 31 December 2022 480,376
At 31 December 2021 210,884

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
Additions 142,165
At 31 December 2022 142,165
DEPRECIATION
Charge for year 5,358
At 31 December 2022 5,358
NET BOOK VALUE
At 31 December 2022 136,807

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade debtors 61,865 56,821
Other debtors 361,929 258,589
423,794 315,410

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Bank loans and overdrafts 103,887 273,853
Hire purchase contracts 29,062 -
Trade creditors 814,204 1,499,718
Taxation and social security 728,320 403,286
Other creditors 4,048,485 1,032,753
5,723,958 3,209,610

Nadine Merabi Limited (Registered number: 09867748)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£ £
Bank loans 325,523 191,667
Hire purchase contracts 91,672 -
417,195 191,667

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£ £
Bank loans 429,410 -
Hire purchase contracts 120,734 -
550,144 -

There are fixed and floating charges which cover all the property or undertaking of the company.

The hire purchase liability is secured against the relevant asset.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal value: 2022 2021

51 Ordinary A 1 51 51
25 Ordinary B 1 25 25
24 Ordinary C 1 24 24
100 100

11. OTHER FINANCIAL COMMITMENTS

At the end of the reporting period the company had operating lease commitments outstanding totalling £531,520, of which £300,786 was due payable within one year.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the end of the reporting period £127,264 (2021: £124,769) was included within debtors relating to a balance owed to the company by a director.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Nadine Merabi Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nadine Merabi Limited for the year ended 31 December 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Nadine Merabi Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nadine Merabi Limited and state those matters that we have agreed to state to the Board of Directors of Nadine Merabi Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nadine Merabi Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Nadine Merabi Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Nadine Merabi Limited. You consider that Nadine Merabi Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Nadine Merabi Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE


14 November 2023