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Company Registration No. 09458292 (England and Wales)
ME RETAIL SUPPLIES LIMITED Unaudited accounts for the year ended 31 January 2024
ME RETAIL SUPPLIES LIMITED Unaudited accounts Contents
Page
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ME RETAIL SUPPLIES LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
349,302 
391,881 
Current assets
Inventories
211,469 
197,352 
Debtors
425,608 
437,308 
Cash at bank and in hand
13,820 
17,384 
650,897 
652,044 
Creditors: amounts falling due within one year
(188,585)
(195,555)
Net current assets
462,312 
456,489 
Total assets less current liabilities
811,614 
848,370 
Creditors: amounts falling due after more than one year
(391,905)
(471,966)
Provisions for liabilities
Deferred tax
(1,934)
- 
Net assets
417,775 
376,404 
Capital and reserves
Called up share capital
1 
1 
Share premium
260,000 
260,000 
Profit and loss account
157,774 
116,403 
Shareholders' funds
417,775 
376,404 
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 30 October 2024 and were signed on its behalf by
Rabih Boutros Beaini Director Company Registration No. 09458292
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ME RETAIL SUPPLIES LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
ME RETAIL SUPPLIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09458292. The registered office is 348 - 354 KENSINGTON HIGH STREET, LONDON, W14 8NS, 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.
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:
Plant & machinery
10.00% on straight line basis
Motor vehicles
12.50% on straight line basis
Fixtures & fittings
Over 20 Years
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
170,699 
13,990 
673,221 
857,910 
At 31 January 2024
170,699 
13,990 
673,221 
857,910 
Depreciation
At 1 February 2023
115,765 
9,684 
340,580 
466,029 
Charge for the year
17,070 
1,749 
23,760 
42,579 
At 31 January 2024
132,835 
11,433 
364,340 
508,608 
Net book value
At 31 January 2024
37,864 
2,557 
308,881 
349,302 
At 31 January 2023
54,934 
4,306 
332,641 
391,881 
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ME RETAIL SUPPLIES LIMITED Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
10,850 
18,837 
Trade debtors
38,654 
49,140 
Accrued income and prepayments
29,138 
24,331 
Other debtors
260,000 
260,000 
338,642 
352,308 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
86,966 
85,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
83,782 
96,346 
Trade creditors
97,033 
93,056 
Taxes and social security
7,770 
6,153 
188,585 
195,555 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
238,421 
260,732 
Loans from directors
153,484 
211,234 
391,905 
471,966 
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 January 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
3,470 
4,773 
9
Transactions with related parties
During the year, the company provided a loan to the following related parties: At the year end, the company was owed £86,966 by ME Wholesale Supplies Ltd, a company in which Director Rabih Beaini has a significant controlling interest.
10
Average number of employees
During the year the average number of employees was 33 (2023: 36).
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