MEALPAL LIMITED

Company Registration Number:
10542788 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

MEALPAL LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

MEALPAL LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Current assets
Debtors: 3 2,172 2,570
Cash at bank and in hand: 118,035 391,259
Total current assets: 120,207 393,829
Creditors: amounts falling due within one year: 4 (3,864,462) (4,210,488)
Net current assets (liabilities): (3,744,255) (3,816,659)
Total assets less current liabilities: (3,744,255) (3,816,659)
Total net assets (liabilities): (3,744,255) (3,816,659)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (3,744,355) (3,816,759)
Shareholders funds: (3,744,255) (3,816,659)

The notes form part of these financial statements

MEALPAL LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 September 2024
and signed on behalf of the board by:

Name: Mary Ellen Biggins
Status: Director

The notes form part of these financial statements

MEALPAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is generated from the receipt of monthly subscriptions from customers for a number of meals in the month. Revenue is deferred over the period of the subscription and released as and when a meal is ordered. Subscription revenue not utilised by ordering a meal is then released to the profit or loss once the subscription has expired.

Tangible fixed assets and depreciation policy

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Computer equipment - 3 years The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Other accounting policies

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans to related parties.

MEALPAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

MEALPAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Debtors

2023 2022
££
Debtors due after more than one year: 2,172 2,570

MEALPAL LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

3,864,462 in total for 2023