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REGISTERED NUMBER: 03783622 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Memo Tech Limited

Memo Tech Limited (Registered number: 03783622)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Memo Tech Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D.J. Greenfield





SECRETARY: O H Lav





REGISTERED OFFICE: 33 Burcott Road
Purley
Surrey
CR8 4AD





REGISTERED NUMBER: 03783622 (England and Wales)





ACCOUNTANTS: Philip T. Chave & Co
Belfry House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

Memo Tech Limited (Registered number: 03783622)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 138

CURRENT ASSETS
Stocks 28,823 41,914
Debtors 76,891 103,895
Cash at bank 75,589 210,167
181,303 355,976
CREDITORS
Amounts falling due within one year 27,175 34,602
NET CURRENT ASSETS 154,128 321,374
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,128

321,512

PROVISIONS FOR LIABILITIES 5 - 26
NET ASSETS 154,128 321,486

CAPITAL AND RESERVES
Called up share capital 6 40,000 40,000
Retained earnings 114,128 281,486
SHAREHOLDERS' FUNDS 154,128 321,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

Memo Tech Limited (Registered number: 03783622)

Abridged Balance Sheet - continued
31 March 2024



The financial statements were approved by the director and authorised for issue on 3 September 2024 and were signed by:





D.J. Greenfield - Director


Memo Tech Limited (Registered number: 03783622)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Memo Tech 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.
Mobile telephones - 33% on cost
Fixtures and fittings - 15% on cost
Office equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.


Memo Tech Limited (Registered number: 03783622)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 27,500
DEPRECIATION
At 1 April 2023 27,362
Charge for year 138
At 31 March 2024 27,500
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 138

5. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances - 26

Deferred
tax
£   
Balance at 1 April 2023 26
Credit to Income Statement during year (26 )
Balance at 31 March 2024 -

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
40,000 Ordinary £1 40,000 40,000