Registered number
13809643
SON& MEZ LTD
Filleted Accounts
31 December 2023
SON& MEZ LTD
Registered number: 13809643
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 27,133 29,235
Current assets
Debtors 4 13,046 7,237
Cash at bank and in hand 16,771 1,818
29,817 9,055
Creditors: amounts falling due within one year 5 (53,040) (37,107)
Net current liabilities (23,223) (28,052)
Net assets 3,910 1,183
Capital and reserves
Called up share capital 1 1
Profit and loss account 3,909 1,182
Shareholders' funds 3,910 1,183
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ergun Koray Sonmez
Director
Approved by the board on 24 September 2024
SON& MEZ LTD
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 36,544
Additions 4,681
At 31 December 2023 41,225
Depreciation
At 1 January 2023 7,309
Charge for the year 6,783
At 31 December 2023 14,092
Net book value
At 31 December 2023 27,133
At 31 December 2022 29,235
4 Debtors 2023 2022
£ £
Trade debtors 5,266 5,500
Other debtors 7,780 1,737
13,046 7,237
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 29,146 24,760
Taxation and social security costs 490 123
Other creditors 23,404 12,224
53,040 37,107
6 Controlling party
Mr Ergun Koray Sonmez
7 Other information
SON& MEZ LTD is a private company limited by shares and incorporated in England. Its registered office is:
78 Burford Gardens,
London
England
N13 4LP
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