MEZE MEZE (LANCING) LTD
Registered number: 08270348
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 - -
Tangible assets 4 750 1,000
750 1,000
Current assets
Stocks 1,254 1,542
Cash at bank and in hand 13,261 14,852
14,515 16,394
Creditors: amounts falling due within one year 5 (6,607) (7,069)
Net current assets 7,908 9,325
Total assets less current liabilities 8,658 10,325
Creditors: amounts falling due after more than one year 6 (61,379) (65,392)
Net liabilities (52,721) (55,067)
Capital and reserves
Share premium 100 100
Profit and loss account (52,821) (55,167)
Shareholders' funds (52,721) (55,067)
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.
Mr O Cirtautas
Director
Approved by the board on 30 July 2024
MEZE MEZE (LANCING) LTD
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 12,523
At 31 October 2023 12,523
Depreciation
At 1 November 2022 11,523
Charge for the year 250
At 31 October 2023 11,773
Net book value
At 31 October 2023 750
At 31 October 2022 1,000
5 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 5,529 5,800
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 10,644 14,584
Trade creditors 1,247 1,320
Other creditors 49,488 49,488
61,379 65,392
7 Other information
MEZE MEZE (LANCING) LTD is a private company limited by shares and incorporated in England. Its registered office is:
170-172 South Street
Lancing
West Sussex
BN15 8AU
MEZE MEZE (LANCING) LTD 08270348 false 2022-11-01 2023-10-31 2023-10-31 VT Final Accounts April 2022 Mr O Cirtautas No description of principal activity 08270348 2021-11-01 2022-10-31 08270348 core:WithinOneYear 2022-10-31 08270348 core:AfterOneYear 2022-10-31 08270348 core:SharePremium 2022-10-31 08270348 core:RetainedEarningsAccumulatedLosses 2022-10-31 08270348 2022-11-01 2023-10-31 08270348 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08270348 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 08270348 bus:Director40 2022-11-01 2023-10-31 08270348 2 2022-11-01 2023-10-31 08270348 core:PlantMachinery 2022-11-01 2023-10-31 08270348 countries:England 2022-11-01 2023-10-31 08270348 bus:FRS102 2022-11-01 2023-10-31 08270348 bus:FullAccounts 2022-11-01 2023-10-31 08270348 2023-10-31 08270348 core:WithinOneYear 2023-10-31 08270348 core:AfterOneYear 2023-10-31 08270348 core:SharePremium 2023-10-31 08270348 core:RetainedEarningsAccumulatedLosses 2023-10-31 08270348 core:PlantMachinery 2023-10-31 08270348 2022-10-31 08270348 core:PlantMachinery 2022-10-31 iso4217:GBP xbrli:pure