Registered number
14021085
MEKA RETAIL LTD
Amended Accounts
30 April 2024
MEKA RETAIL LTD
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Statement of changes in equity 6
Notes to the accounts 7
MEKA RETAIL LTD
Company Information
Directors
Hamit Kircal
Meryem Kircal
Accountants
Ulus & Co
183 Angle Place
Fore Street
London
UK
N18 2UD
Registered office
163 Alder Road
Poole
Dorset
UK
BH12 4AN
Registered number
14021085
MEKA RETAIL LTD
Registered number: 14021085
Directors' Report
The directors present their report and accounts for the year ended 30 April 2024.
Principal activities
The company's principal activity during the year continued to be, retail sale in non-specialised stores with food, beverages or tobacco predominating.
Directors
The following persons served as directors during the year:
Hamit Kircal
Meryem Kircal
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 6 January 2025 and signed on its behalf.
Mr Hamit Kircal
Director
MEKA RETAIL LTD
Accountants' Report
Accountants' report to the directors of
MEKA RETAIL LTD
You consider that the company is exempt from an audit for the year ended 30 April 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Ulus & Co
Cerfified Accountants
183 Angle Place
Fore Street
London
UK
N18 2UD
6 January 2025
MEKA RETAIL LTD
Profit and Loss Account
for the year ended 30 April 2024
2024 2023
£ £
Turnover 417,968 258,297
Cost of sales (308,872) (185,442)
Gross profit 109,096 72,855
Administrative expenses (85,177) (48,329)
Other operating income 1,353 848
Operating profit 25,272 25,374
Profit before taxation 25,272 25,374
Tax on profit (5,895) (4,821)
Profit for the financial year 19,377 20,553
MEKA RETAIL LTD
Registered number: 14021085
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 53,623 42,507
Current assets
Stocks 57,460 54,896
Cash at bank and in hand 17,743 3,295
75,203 58,191
Creditors: amounts falling due within one year 4 (83,383) (100,045)
Net current liabilities (8,180) (41,854)
Total assets less current liabilities 45,443 653
Creditors: amounts falling due after more than one year 5 (25,413) -
Net assets 20,030 653
Capital and reserves
Called up share capital 100 100
Profit and loss account 19,930 553
Shareholders' funds 20,030 653
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 Hamit Kircal
Director
Approved by the board on 6 January 2025
MEKA RETAIL LTD
Statement of Changes in Equity
for the year ended 30 April 2024
Share Profit Total
capital and loss
account
£ £ £
At 1 May 2022 - - -
Profit for the financial year 20,553 20,553
Dividends (20,000) (20,000)
Shares issued 100 100
At 30 April 2023 100 553 653
At 1 May 2023 100 553 653
Profit for the financial year 19,377 19,377
At 30 April 2024 100 19,930 20,030
MEKA RETAIL LTD
Notes to the Accounts
for the year ended 30 April 2024
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.
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:
Fixtures, fittings, tools and equipment 20% reducing balance
no depreciation charged first year.
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.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 42,507 - 42,507
Additions - 24,521 24,521
At 30 April 2024 42,507 24,521 67,028
Depreciation
Charge for the year 8,501 4,904 13,405
At 30 April 2024 8,501 4,904 13,405
Net book value
At 30 April 2024 34,006 19,617 53,623
At 30 April 2023 42,507 - 42,507
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 51 -
Trade creditors 7,827 15,806
Taxation and social security costs 4,739 3,063
Other creditors-Directors loan 70,766 81,176
83,383 100,045
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 25,413 -
6 Controlling party
Mr Hamit Kircal and Mrs Meryem Kirchal are the ultimate controlling parties.
7 Other information
MEKA RETAIL LTD is a private company limited by shares and incorporated in England. Its registered office is:
163 Alder Road
Poole
Dorset
UK
BH12 4AN
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