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REGISTERED NUMBER: 08655886 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

2M'S (WASH LANE) LIMITED

2M'S (WASH LANE) LIMITED (REGISTERED NUMBER: 08655886)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


2M'S (WASH LANE) LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: M Hussain





SECRETARY:





REGISTERED OFFICE: Unit 1 Rumbush Farm Business Park
Rumbush Lane
Earlswood
Solihull
B94 5LW





REGISTERED NUMBER: 08655886 (England and Wales)





ACCOUNTANTS: Bee-Line Accounts Services Ltd
Unit1 Rumbush Farm Bus.Park
Rumbush Lane
Earlswood
Solihull
West Midlands
B94 5LW

2M'S (WASH LANE) LIMITED (REGISTERED NUMBER: 08655886)

REPORT OF THE DIRECTOR
for the Year Ended 31 May 2024

The director presents his report with the financial statements of the company for the year ended 31 May 2024.

DIRECTOR
M Hussain held office during the whole of the period from 1 June 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M Hussain - Director


23 September 2024

2M'S (WASH LANE) LIMITED (REGISTERED NUMBER: 08655886)

INCOME STATEMENT
for the Year Ended 31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   

TURNOVER 1,841,782 1,760,541

Cost of sales 1,336,946 1,365,442
GROSS PROFIT 504,836 395,099

Distribution costs 2,920 -
Administrative expenses 303,901 275,269
306,821 275,269
198,015 119,830

Other operating income 1,238 1,359
OPERATING PROFIT 4 199,253 121,189


Interest payable and similar expenses 631 355
PROFIT BEFORE TAXATION 198,622 120,834

Tax on profit 50,140 25,111
PROFIT FOR THE FINANCIAL YEAR 148,482 95,723

2M'S (WASH LANE) LIMITED (REGISTERED NUMBER: 08655886)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 29,841 52,849

CURRENT ASSETS
Stocks 45,593 66,637
Debtors 6 418,686 370,124
Cash at bank and in hand 64,470 534
528,749 437,295
CREDITORS
Amounts falling due within one year 7 90,946 101,133
NET CURRENT ASSETS 437,803 336,162
TOTAL ASSETS LESS CURRENT
LIABILITIES

467,644

389,011

PROVISIONS FOR LIABILITIES 7,121 11,970
NET ASSETS 460,523 377,041

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 460,423 376,941
460,523 377,041

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 23 September 2024 and were signed by:




M Hussain - Director


2M'S (WASH LANE) LIMITED (REGISTERED NUMBER: 08655886)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

2m'S (Wash Lane) 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.
Plant and machinery etc - 25% on cost and 20% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

2M'S (WASH LANE) LIMITED (REGISTERED NUMBER: 08655886)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

4. OPERATING PROFIT

The operating profit is stated after charging:

31.5.24 31.5.23
£    £   
Depreciation - owned assets 23,037 23,845

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 148,451
Additions 761
Disposals (915 )
At 31 May 2024 148,297
DEPRECIATION
At 1 June 2023 95,602
Charge for year 23,037
Eliminated on disposal (183 )
At 31 May 2024 118,456
NET BOOK VALUE
At 31 May 2024 29,841
At 31 May 2023 52,849

6. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Trade debtors 22,142 23,922
Other debtors 80,618 77,985
102,760 101,907

Amounts falling due after more than one year:
Amounts owed by associates 315,926 268,217

Aggregate amounts 418,686 370,124

2M'S (WASH LANE) LIMITED (REGISTERED NUMBER: 08655886)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts - 10,626
Trade creditors 10,064 52,378
Taxation and social security 76,536 23,472
Other creditors 4,346 14,657
90,946 101,133