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REGISTERED NUMBER: 10455923 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

ME Produce Limited

ME Produce Limited (Registered number: 10455923)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ME Produce Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr M E Erven





REGISTERED OFFICE: Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ





REGISTERED NUMBER: 10455923 (England and Wales)





ACCOUNTANTS: Brayshaw Morey
Certified Public Accountants
Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ

ME Produce Limited (Registered number: 10455923)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,077 383

CURRENT ASSETS
Debtors 6 45,655 62,449
Cash at bank 5,413 -
51,068 62,449
CREDITORS
Amounts falling due within one year 7 34,654 31,665
NET CURRENT ASSETS 16,414 30,784
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,491

31,167

CREDITORS
Amounts falling due after more than one
year

8

(20,293

)

(30,208

)

PROVISIONS FOR LIABILITIES - (35 )
NET ASSETS 198 924

CAPITAL AND RESERVES
Called up share capital 9 101 101
Retained earnings 10 97 823
SHAREHOLDERS' FUNDS 198 924

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ME Produce Limited (Registered number: 10455923)

Statement of Financial Position - continued
30 November 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2024 and were signed by:





Mr M E Erven - Director


ME Produce Limited (Registered number: 10455923)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

ME Produce Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

ME Produce Limited (Registered number: 10455923)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 - 1,562 1,562
Additions 4,407 - 4,407
At 30 November 2023 4,407 1,562 5,969
DEPRECIATION
At 1 December 2022 - 1,179 1,179
Charge for year 441 272 713
At 30 November 2023 441 1,451 1,892
NET BOOK VALUE
At 30 November 2023 3,966 111 4,077
At 30 November 2022 - 383 383

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 888 8,211
Other debtors 44,767 54,238
45,655 62,449

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,800 16,395
Taxation and social security 23,854 14,577
Other creditors - 693
34,654 31,665

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 20,293 30,208

ME Produce Limited (Registered number: 10455923)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 A Ordinary 1 100 100
1 B Ordinary 1 1 1
101 101

10. RESERVES
Retained
earnings
£   

At 1 December 2022 823
Profit for the year 84,774
Dividends (85,500 )
At 30 November 2023 97

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Mr M E Erven
Balance outstanding at start of year 27,865 32,358
Amounts advanced 18,370 27,865
Amounts repaid (27,865 ) (32,358 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,370 27,865