BrightAccountsProduction v1.0.0 v1.0.0 2022-12-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company during the year was the production and wholesale of sandwiches and other foodstuffs. 25 June 2024 60 56 NI044692 2023-11-30 NI044692 2022-11-30 NI044692 2021-11-30 NI044692 2022-12-01 2023-11-30 NI044692 2021-12-01 2022-11-30 NI044692 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 NI044692 uk-curr:PoundSterling 2022-12-01 2023-11-30 NI044692 uk-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 NI044692 uk-bus:AbridgedAccounts 2022-12-01 2023-11-30 NI044692 uk-core:ShareCapital 2023-11-30 NI044692 uk-core:ShareCapital 2022-11-30 NI044692 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 NI044692 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 NI044692 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-11-30 NI044692 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-11-30 NI044692 uk-bus:FRS102 2022-12-01 2023-11-30 NI044692 uk-core:Goodwill 2022-12-01 2023-11-30 NI044692 uk-core:PlantMachinery 2022-12-01 2023-11-30 NI044692 uk-core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 NI044692 uk-core:MotorVehicles 2022-12-01 2023-11-30 NI044692 uk-core:Goodwill 2022-11-30 NI044692 uk-core:Goodwill 2023-11-30 NI044692 2022-12-01 2023-11-30 NI044692 uk-bus:CompanySecretaryDirector1 2022-12-01 2023-11-30 NI044692 uk-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
Me2You Sandwiches Limited
 
        Abridged Unaudited Financial Statements
 
for the financial year ended 30 November 2023



Me2You Sandwiches Limited
Company Registration Number: NI044692
ABRIDGED BALANCE SHEET
as at 30 November 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 5 296,475 155,009
───────── ─────────
 
Current Assets
Stocks 85,998 77,387
Debtors 655,215 478,733
Cash and cash equivalents 928,490 673,914
───────── ─────────
1,669,703 1,230,034
───────── ─────────
Creditors: amounts falling due within one year (553,596) (375,615)
───────── ─────────
Net Current Assets 1,116,107 854,419
───────── ─────────
Total Assets less Current Liabilities 1,412,582 1,009,428
 
Creditors:
amounts falling due after more than one year (41,787) (35,175)
 
Provisions for liabilities (63,657) (29,328)
───────── ─────────
Net Assets 1,307,138 944,925
═════════ ═════════
 
Capital and Reserves
Called up share capital 12 12
Retained earnings 1,307,126 944,913
───────── ─────────
Equity attributable to owners of the company 1,307,138 944,925
═════════ ═════════
 
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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 25 June 2024 and signed on its behalf by
           
           
           
________________________________          
Mr Philip Murtagh          
Director          
           



Me2You Sandwiches Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 November 2023

   
1. General Information
 
Me2You Sandwiches Limited is a private company limited by shares incorporated in Northern Ireland. The registered office of the company is Murlin, 34 Ballyholland Road, Newry, Co. Down, BT34 2LU, Northern Ireland which is also the principal place of business of the company. The company number is NI044692.

The financial statements cover the individual entity Me2You Sandwiches Ltd, for the year ended 30th November 2023.

The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 November 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Intangible assets
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 7 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% reducing balance
  Fixtures, fittings and equipment - 20% reducing balance
  Motor vehicles - 20% reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was as follows:
 
  2023 2022
  Number Number
 
Total Employees 60 56
  ═════════ ═════════
     
4. Intangible assets
   
  Goodwill
  £
Cost
At 1 December 2022 26,446
  ─────────
 
At 30 November 2023 26,446
  ─────────
Amortisation
 
At 30 November 2023 26,446
  ─────────
Net book value
At 30 November 2023 -
  ═════════
           
5. Tangible assets
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 1 December 2022 115,665 90,242 158,962 364,869
Additions 105,310 28,474 45,253 179,037
  ───────── ───────── ───────── ─────────
At 30 November 2023 220,975 118,716 204,215 543,906
  ───────── ───────── ───────── ─────────
Depreciation
At 1 December 2022 82,315 41,404 86,141 209,860
Charge for the financial year 20,009 197 17,365 37,571
  ───────── ───────── ───────── ─────────
At 30 November 2023 102,324 41,601 103,506 247,431
  ───────── ───────── ───────── ─────────
Net book value
At 30 November 2023 118,651 77,115 100,709 296,475
  ═════════ ═════════ ═════════ ═════════
At 30 November 2022 33,350 48,838 72,821 155,009
  ═════════ ═════════ ═════════ ═════════
       
6. Pension commitments
 
The company operates a defined contribution pension scheme for employees.  The assets of the scheme are held separately from those of the company in an independently administered fund.  At 30th November 2023 unpaid contributions of £3,957 (2022: £2,469) were due to the pension provider. This is included in creditors: amounts falling due within one year.