Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-01-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11728136 2023-01-01 2024-01-31 11728136 2022-01-01 2022-12-31 11728136 2024-01-31 11728136 2022-12-31 11728136 1 2023-01-01 2024-01-31 11728136 d:Director2 2023-01-01 2024-01-31 11728136 c:FurnitureFittings 2023-01-01 2024-01-31 11728136 c:FurnitureFittings 2024-01-31 11728136 c:FurnitureFittings 2022-12-31 11728136 c:Goodwill 2023-01-01 2024-01-31 11728136 c:Goodwill 2024-01-31 11728136 c:Goodwill 2022-12-31 11728136 c:CurrentFinancialInstruments 2024-01-31 11728136 c:CurrentFinancialInstruments 2022-12-31 11728136 c:Non-currentFinancialInstruments 2024-01-31 11728136 c:Non-currentFinancialInstruments 2022-12-31 11728136 c:CurrentFinancialInstruments c:WithinOneYear 2024-01-31 11728136 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 11728136 c:ShareCapital 2024-01-31 11728136 c:ShareCapital 2022-12-31 11728136 c:RetainedEarningsAccumulatedLosses 2024-01-31 11728136 c:RetainedEarningsAccumulatedLosses 2022-12-31 11728136 d:OrdinaryShareClass1 2023-01-01 2024-01-31 11728136 d:OrdinaryShareClass1 2024-01-31 11728136 d:OrdinaryShareClass1 2022-12-31 11728136 d:FRS102 2023-01-01 2024-01-31 11728136 d:AuditExempt-NoAccountantsReport 2023-01-01 2024-01-31 11728136 d:FullAccounts 2023-01-01 2024-01-31 11728136 d:PrivateLimitedCompanyLtd 2023-01-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11728136










MEJU LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2024

 
MEJU LTD
REGISTERED NUMBER: 11728136

BALANCE SHEET
AS AT 31 JANUARY 2024

31 January
31 December
2024
2022
                                                                     Note
£
£

Fixed assets
  

Intangible assets
 4 
-
7,360

Tangible assets
 5 
-
3,514

  
-
10,874

Current assets
  

Stocks
  
-
6,520

Debtors: amounts falling due after more than one year
 6 
-
8,400

Debtors: amounts falling due within one year
 6 
894
765

Cash at bank and in hand
 7 
5,614
4,739

  
6,508
20,424

Creditors: amounts falling due within one year
 8 
(6,741)
(27,770)

Net current liabilities
  
 
 
(233)
 
 
(7,346)

Total assets less current liabilities
  
(233)
3,528

Provisions for liabilities
  

Deferred tax
  
-
(668)

  
 
 
-
 
 
(668)

Net (liabilities)/assets
  
(233)
2,860


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(333)
2,760

  
(233)
2,860


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MEJU LTD
REGISTERED NUMBER: 11728136
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 July 2024.




Yan Wang
Director

The notes on pages 3 to 10 form part of these financial statements.

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MEJU LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


General information

Meju Ltd is incorporated and domiciled within England and Wales. Its registered office is Belmont House, Shrewsbury Business Park, Shrewsbuty, Shropshire, SY2 6LG and its principal place of business is 9 High Street, Ludlow, Shropshire, SY8 1BS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

Going concern

These accounts have been prepared on a going concern basis on the understanding that the director will continue to support the company.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

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MEJU LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and loss account over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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MEJU LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15% Straight-line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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MEJU LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 2).

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MEJU LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

4.


Intangible assets






Goodwill

£





At 1 January 2023
36,800


Disposals
(36,800)



At 31 January 2024

-





At 1 January 2023
29,440


On disposals
(29,440)



At 31 January 2024

-



Net book value



At 31 January 2024
-



At 31 December 2022
7,360



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MEJU LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

5.


Tangible fixed assets







Fixtures and fittings

£





At 1 January 2023
8,785


Additions
(8,785)



At 31 January 2024

-





At 1 January 2023
5,271


Disposals
(5,271)



At 31 January 2024

-



Net book value



At 31 January 2024
-



At 31 December 2022
3,514

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MEJU LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

6.


Debtors

31 January
31 December
2024
2022
£
£

Due after more than one year

Other debtors
-
8,400

-
8,400


31 January
31 December
2024
2022
£
£

Due within one year

Prepayments and accrued income
894
765

894
765



7.


Cash and cash equivalents

31 January
31 December
2024
2022
£
£

Cash at bank and in hand
5,614
4,739

5,614
4,739



8.


Creditors: Amounts falling due within one year

31 January
31 December
2024
2022
£
£

Corporation tax
1,851
1,724

Other creditors
2,745
23,949

Accruals and deferred income
2,145
2,097

6,741
27,770



9.


Share capital

31 January
31 December
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MEJU LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

9.Share capital (continued)

2024
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



10.


Post balance sheet events

Since the Balance Sheet date of 31 January 2024, the Company has ceased to trade and is now dormant.

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