1 February 2023 false No description of principal activity Taxfiler 2024.5 11798042business:PrivateLimitedCompanyLtd2023-02-012024-01-31 117980422023-01-31 117980422023-02-012024-01-31 11798042business:AuditExemptWithAccountantsReport2023-02-012024-01-31 11798042business:FilletedAccounts2023-02-012024-01-31 117980422024-01-31 11798042business:Director12023-02-012024-01-31 11798042business:Director22023-02-012024-01-31 11798042business:Director32023-02-012024-01-31 11798042business:RegisteredOffice2023-02-012024-01-31 117980422023-01-31 11798042core:WithinOneYear2024-01-31 11798042core:WithinOneYear2023-01-31 11798042core:AfterOneYear2024-01-31 11798042core:AfterOneYear2023-01-31 11798042core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 11798042core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 11798042core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 11798042core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 11798042core:PreviouslyStatedAmount2024-01-31 11798042core:PreviouslyStatedAmount2023-01-31 11798042business:SmallEntities2023-02-012024-01-31 11798042countries:EnglandWales2023-02-012024-01-31 11798042core:PlantMachinery2023-02-012024-01-31 11798042core:MotorVehicles2023-02-012024-01-31 11798042core:FurnitureFittings2023-02-012024-01-31 11798042core:ComputerEquipment2023-02-012024-01-31 11798042core:PlantMachinery2023-01-31 11798042core:MotorVehicles2023-01-31 11798042core:FurnitureFittings2023-01-31 11798042core:ComputerEquipment2023-01-31 11798042core:PlantMachinery2024-01-31 11798042core:MotorVehicles2024-01-31 11798042core:FurnitureFittings2024-01-31 11798042core:ComputerEquipment2024-01-31 11798042business:OrdinaryShareClass12023-02-012024-01-31 11798042business:OrdinaryShareClass12022-02-012023-01-31 117980422022-02-012023-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11798042 (England and Wales)
Memo Cash and Carry Limited Unaudited accounts for the year ended 31 January 2024
Memo Cash and Carry Limited Unaudited accounts Contents
Page
- 2 -
Memo Cash and Carry Limited Company Information for the year ended 31 January 2024
Directors
Mehmet Demir Ali Ihsan Kaya Mehmet Sait Dilek
Company Number
11798042 (England and Wales)
Registered Office
3 Argall Avenue Leyton London E10 7QE UNITED KINGDOM
Accountants
Abacus Financial Accountants 12 Douglas Road Goodmayes London IG3 8UX
- 3 -
Memo Cash and Carry Limited Accountants' report
Accountants' report to the board of directors of Memo Cash and Carry Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Memo Cash and Carry Limited for the year ended 31 January 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Memo Cash and Carry Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Memo Cash and Carry Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Memo Cash and Carry Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Memo Cash and Carry Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Memo Cash and Carry Limited. You consider that Memo Cash and Carry 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 accounts of Memo Cash and Carry 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 accounts.
Abacus Financial Accountants 12 Douglas Road Goodmayes London IG3 8UX 8 August 2024
- 4 -
Memo Cash and Carry Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
103,803 
135,803 
Current assets
Inventories
497,896 
428,558 
Debtors
183,087 
113,118 
Cash at bank and in hand
332,228 
55,260 
1,013,211 
596,936 
Creditors: amounts falling due within one year
(833,445)
(527,185)
Net current assets
179,766 
69,751 
Total assets less current liabilities
283,569 
205,554 
Creditors: amounts falling due after more than one year
(7,992)
(11,928)
Net assets
275,577 
193,626 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
275,477 
193,526 
Shareholders' funds
275,577 
193,626 
For the year ending 31 January 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by
Mehmet Demir Director Company Registration No. 11798042
- 5 -
Memo Cash and Carry Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Memo Cash and Carry Limited is a private company, limited by shares, registered in England and Wales, registration number 11798042. The registered office is 3 Argall Avenue, Leyton, London, E10 7QE, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
Over 5 years
Motor vehicles
Over 5 years
Fixtures & fittings
Over 5 years
Computer equipment
Over 5 years
Turnover
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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2023
34,911 
86,365 
64,466 
12,200 
197,942 
Additions
- 
- 
1,931 
- 
1,931 
At 31 January 2024
34,911 
86,365 
66,397 
12,200 
199,873 
Depreciation
At 1 February 2023
6,982 
26,760 
25,957 
2,440 
62,139 
Charge for the year
6,982 
17,273 
6,768 
2,908 
33,931 
At 31 January 2024
13,964 
44,033 
32,725 
5,348 
96,070 
Net book value
At 31 January 2024
20,947 
42,332 
33,672 
6,852 
103,803 
At 31 January 2023
27,929 
59,605 
38,509 
9,760 
135,803 
- 6 -
Memo Cash and Carry Limited Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
5,821 
4,161 
Trade debtors
177,266 
108,957 
183,087 
113,118 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
42,541 
43,788 
Obligations under finance leases and hire purchase contracts
3,936 
3,936 
Trade creditors
585,760 
323,914 
Taxes and social security
77,159 
91,498 
Loans from directors
124,049 
64,049 
833,445 
527,185 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
7,992 
11,928 
8
Share capital
2024 
2023 
£ 
£ 
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 12 (2023: 11).
- 7 -