1 February 2023 false No description of principal activity Taxfiler 2024.5 13139920business:PrivateLimitedCompanyLtd2023-02-012024-01-31 131399202023-01-31 131399202023-02-012024-01-31 13139920business:AuditExemptWithAccountantsReport2023-02-012024-01-31 13139920business:FilletedAccounts2023-02-012024-01-31 131399202024-01-31 13139920business:Director12023-02-012024-01-31 13139920business:RegisteredOffice2023-02-012024-01-31 131399202023-01-31 13139920core:WithinOneYear2024-01-31 13139920core:WithinOneYear2023-01-31 13139920core:AfterOneYear2024-01-31 13139920core:AfterOneYear2023-01-31 13139920core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 13139920core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 13139920core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 13139920core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 13139920core:PreviouslyStatedAmount2024-01-31 13139920core:PreviouslyStatedAmount2023-01-31 13139920business:SmallEntities2023-02-012024-01-31 13139920countries:EnglandWales2023-02-012024-01-31 13139920core:FurnitureFittings2023-01-31 13139920core:FurnitureFittings2023-02-012024-01-31 13139920core:FurnitureFittings2024-01-31 131399202022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 13139920 (England and Wales)
THE MEEM FURNISHING LTD Unaudited accounts for the year ended 31 January 2024
THE MEEM FURNISHING LTD Unaudited accounts Contents
Page
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THE MEEM FURNISHING LTD Company Information for the year ended 31 January 2024
Director
Imtiaz Hussain
Company Number
13139920 (England and Wales)
Registered Office
UNIT 1 YORK STREET BURY BL9 7AR ENGLAND
Accountants
VTax Accountants Ltd 61 Barlow road Manchester M19 3DB
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THE MEEM FURNISHING LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,656 
320 
Current assets
Inventories
14,520 
4,520 
Debtors
443 
4,141 
Cash at bank and in hand
1,928 
1,244 
16,891 
9,905 
Creditors: amounts falling due within one year
(14,863)
(8,911)
Net current assets
2,028 
994 
Total assets less current liabilities
5,684 
1,314 
Creditors: amounts falling due after more than one year
(2,000)
- 
Net assets
3,684 
1,314 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,584 
1,214 
Shareholders' funds
3,684 
1,314 
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 October 2024 and were signed on its behalf by
Imtiaz Hussain Director Company Registration No. 13139920
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THE MEEM FURNISHING LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
THE MEEM FURNISHING LTD is a private company, limited by shares, registered in England and Wales, registration number 13139920. The registered office is UNIT 1 YORK STREET, BURY, BL9 7AR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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THE MEEM FURNISHING LTD Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2023
500 
Additions
4,250 
At 31 January 2024
4,750 
Depreciation
At 1 February 2023
180 
Charge for the year
914 
At 31 January 2024
1,094 
Net book value
At 31 January 2024
3,656 
At 31 January 2023
320 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
- 
4,141 
Other debtors
443 
- 
443 
4,141 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
11,530 
8,172 
Trade creditors
1,960 
136 
Taxes and social security
1,373 
603 
14,863 
8,911 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
2,000 
- 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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