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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
Page
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Memo Walthamstow Limited Company Information for the year ended 31 January 2024
Director
Mehmet Demir
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
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Memo Walthamstow Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,502 
56,435 
Tangible assets
113,049 
85,564 
119,551 
141,999 
Current assets
Inventories
197,726 
214,415 
Debtors
420,188 
211,302 
Cash at bank and in hand
890,355 
1,003,091 
1,508,269 
1,428,808 
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 
Capital and reserves
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
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Memo Walthamstow Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
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.
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. 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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Memo Walthamstow Limited Notes to the Accounts for the year ended 31 January 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
249,667 
At 31 January 2024
249,667 
Amortisation
At 1 February 2023
193,232 
Charge for the year
49,933 
At 31 January 2024
243,165 
Net book value
At 31 January 2024
6,502 
At 31 January 2023
56,435 
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 
Depreciation
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 
Net book value
At 31 January 2024
65,784 
47,265 
113,049 
At 31 January 2023
84,281 
1,283 
85,564 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,200 
Trade debtors
231,588 
210,102 
Other debtors
188,600 
- 
420,188 
211,302 
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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 
VAT
145 
- 
Trade creditors
943,203 
914,590 
Taxes and social security
103,513 
153,069 
1,046,861 
1,124,315 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
27,979 
- 
9
Share capital
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).
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