Company Registration No. 11974968 (England and Wales)
MENGER LIMITED
Unaudited accounts
for the year ended 31 May 2023
MENGER LIMITED
Unaudited accounts
Contents
MENGER LIMITED
Company Information
for the year ended 31 May 2023
Director
Mr Andre Johnston Pijunchi
Company Number
11974968 (England and Wales)
Registered Office
FLAT 14
1 FARADAY ROAD
LONDON
W10 5LQ
UNITED KINGDOM
Accountants
Kapook Accountancy
Certified Practising Accountants (ICPA)
94 Caledonian Road
London
N1 9DN
MENGER LIMITED
Statement of financial position
as at 31 May 2023
Tangible assets
19,334
25,591
Cash at bank and in hand
12,595
24,378
Creditors: amounts falling due within one year
(52,069)
(34,832)
Net current assets
11,431
21,386
Total assets less current liabilities
30,765
46,977
Creditors: amounts falling due after more than one year
(62,991)
(62,238)
Net liabilities
(32,226)
(15,261)
Called up share capital
100
100
Profit and loss account
(32,326)
(15,361)
Shareholders' funds
(32,226)
(15,261)
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 24 January 2024 and were signed on its behalf by
Mr Andre Johnston Pijunchi
Director
Company Registration No. 11974968
MENGER LIMITED
Notes to the Accounts
for the year ended 31 May 2023
MENGER LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11974968. The registered office is FLAT 14 , 1 FARADAY ROAD, LONDON, W10 5LQ, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
MENGER LIMITED
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
417
43,698
544
44,659
At 31 May 2023
562
43,741
544
44,847
At 1 June 2022
182
18,648
238
19,068
Charge for the year
95
6,273
77
6,445
At 31 May 2023
277
24,921
315
25,513
At 31 May 2023
285
18,820
229
19,334
At 31 May 2022
235
25,050
306
25,591
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
28,200
28,200
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,036
108
Loans from directors
49,681
33,398
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
30,676
28,270
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 2 (2022: 1).