Company Registration No. 10767638 (England and Wales)
MEW PROCUREMENT SOLUTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
MEW PROCUREMENT SOLUTIONS LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
1
30 November 2023
31 May 2022
Notes
£
£
£
£
Current assets
Debtors
3
7,574
12,130
Cash at bank and in hand
-
0
1,089
7,574
13,219
Creditors: amounts falling due within one year
4
(3,839)
(3,798)
Net current assets
3,735
9,421
Creditors: amounts falling due after more than one year
5
(4,530)
(9,137)
Net (liabilities)/assets
(795)
284
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(895)
184
Total equity
(795)
284

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

MEW PROCUREMENT SOLUTIONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2023
30 November 2023
2
The financial statements were approved and signed by the director and authorised for issue on 27 February 2024
Miss M Winkworth
Director
Company Registration No. 10767638
MEW PROCUREMENT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023
3
1
Accounting policies
Company information

MEW Procurement Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7 Bournemouth RoadChandler's Ford, Eastleigh, Hampshire, SO53 3DA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The director intends to close the business within 12 months of the date of approval of these accounts. The accounts have, however, been prepared on a going concern basis as the impact of applying an alternative basis is not material.

1.3
Reporting period

These final period of accounts have been prepared for a long 18 month period.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

 

1.5
Taxation

The tax expense represents the sum of the tax currently payable.

MEW PROCUREMENT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2023
1
Accounting policies (Continued)
4
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was 1 (2022: 1).

3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
7,574
12,130
4
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
2,939
2,898
Other creditors
900
900
3,839
3,798
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
4,530
9,137
MEW PROCUREMENT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 NOVEMBER 2023
5
6
Directors' transactions

During the period £nil was advanced to the director (2022: £8,822) and £4,361 was repaid (2022: £nil). Interest of £210 was charged. At the balance sheet date the director owed the company £4,671 (2022: 8,822).

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