Registered number
03533339
Mehring Books Limited
Filleted Accounts
31 December 2023
Mehring Books Limited
Registered number: 03533339
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Stocks 10,066 12,302
Debtors 4 3,239 6,961
Cash at bank and in hand 2,372 5,040
15,677 24,303
Creditors: amounts falling due within one year 5 (4,619) (6,052)
Net current assets 11,058 18,251
Net assets 11,058 18,251
Capital and reserves
Called up share capital 75 75
Profit and loss account 10,983 18,176
Shareholders' funds 11,058 18,251
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.
Richard Turner
Director
Approved by the board on 25 September 2024
Mehring Books Limited
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:
Computer Equipment 33% Straight Line
Fixtures and Fittings 25% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 600
At 31 December 2023 600
Depreciation
At 1 January 2023 600
At 31 December 2023 600
Net book value
At 31 December 2023 -
4 Debtors 2023 2022
£ £
Trade debtors 3,164 6,886
Other debtors 75 75
3,239 6,961
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 4,619 6,052
6 Share Capital Nominal 2017 2023 2022
Value Number £ £
Alloted, called up and fully paid:
Ordinary Shares £1 each 75 75 75
75 75
7 Related party transactions 2023 2022
£ £
The WSWS Foundation
The company is related to the The WSWS Foundation by virtue of common control as directors/shareholders of Mehring Books Limited are members of the Executive Committee of The WSWS Foundation.
Amount due from (to) the related party (4,376) (5,863)
Socialist Equality Party
The company is related to the Socialist Equality Party by virtue of common control as directors/shareholders of Mehring Books Limited are members of the Central Committee of the Socialist Equality Party
Amount due from (to) the related party 3,164 6,053
8 Other information
Mehring Books Limited is a private company limited by shares and incorporated in England. Its registered office is:
c/o Slade & Cooper
Beehive Mill, Jersey Steet
Manchester
M4 6JG
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