Company Registration No. 11798092 (England and Wales)
Memo Walthamstow Limited
Unaudited accounts
for the year ended 31 January 2024
Memo Walthamstow Limited
Unaudited accounts
Contents
Memo Walthamstow Limited
Company Information
for the year ended 31 January 2024
Company Number
11798092 (England and Wales)
Registered Office
7 - 17 High Street
Walthamstow
London
E17 7AD
UNITED KINGDOM
Accountants
Abacus Financial Accountants
12 Douglas Road
Goodmayes
London
IG3 8UX
Memo Walthamstow Limited
Statement of financial position
as at 31 January 2024
Intangible assets
6,502
56,435
Tangible assets
113,049
85,564
Inventories
197,726
214,415
Cash at bank and in hand
890,355
1,003,091
Creditors: amounts falling due within one year
(1,046,861)
(1,124,315)
Net current assets
461,408
304,493
Total assets less current liabilities
580,959
446,492
Creditors: amounts falling due after more than one year
(27,979)
-
Net assets
552,980
446,492
Called up share capital
100
100
Profit and loss account
552,880
446,392
Shareholders' funds
552,980
446,492
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 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 8 August 2024 and were signed on its behalf by
Mehmet Demir
Director
Company Registration No. 11798092
Memo Walthamstow Limited
Notes to the Accounts
for the year ended 31 January 2024
Memo Walthamstow Limited is a private company, limited by shares, registered in England and Wales, registration number 11798092. The registered office is 7 - 17 High Street, Walthamstow, London, E17 7AD, 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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 10 years
Fixtures & fittings
Over 5 years
Computer equipment
Over 5 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Memo Walthamstow Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Intangible fixed assets
Goodwill
At 1 February 2023
249,667
At 31 January 2024
249,667
At 1 February 2023
193,232
Charge for the year
49,933
At 31 January 2024
243,165
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2023
186,471
6,419
192,890
Additions
29,500
52,518
82,018
Disposals
(17,500)
-
(17,500)
At 31 January 2024
198,471
58,937
257,408
At 1 February 2023
102,190
5,136
107,326
Charge for the year
30,497
6,536
37,033
At 31 January 2024
132,687
11,672
144,359
At 31 January 2024
65,784
47,265
113,049
At 31 January 2023
84,281
1,283
85,564
Amounts falling due within one year
Trade debtors
231,588
210,102
Memo Walthamstow Limited
Notes to the Accounts
for the year ended 31 January 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
56,656
Trade creditors
943,203
914,590
Taxes and social security
103,513
153,069
8
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 15 (2023: 17).