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Company Registration No. 06914709 (England and Wales)
DIRECT M & E LTD Unaudited accounts for the year ended 31 May 2024
DIRECT M & E LTD Unaudited accounts Contents
Page
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DIRECT M & E LTD Company Information for the year ended 31 May 2024
Director
Samir Islam
Company Number
06914709 (England and Wales)
Registered Office
330 CLAY LANE SOUTH YARDLEY BIRMINGHAM B26 1ES
Accountants
Clark & Deen Taxpro Limited Benson House, Suite D 98-104 Lombard Street Birmingham West Midlands B12 0QR
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DIRECT M & E LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,073 
20,823 
Current assets
Debtors
211,798 
211,296 
Cash at bank and in hand
21,011 
28,712 
232,809 
240,008 
Creditors: amounts falling due within one year
(12,689)
(21,115)
Net current assets
220,120 
218,893 
Total assets less current liabilities
236,193 
239,716 
Creditors: amounts falling due after more than one year
(18,000)
(27,000)
Net assets
218,193 
212,716 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
218,093 
212,616 
Shareholders' funds
218,193 
212,716 
For the year ending 31 May 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 January 2025 and were signed on its behalf by
Samir Islam Director Company Registration No. 06914709
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DIRECT M & E LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
DIRECT M & E LTD is a private company, limited by shares, registered in England and Wales, registration number 06914709. The registered office is 330 CLAY LANE, SOUTH YARDLEY, BIRMINGHAM, B26 1ES.
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:
Computer equipment
33% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
25,984 
22,533 
48,517 
Additions
- 
2,813 
2,813 
At 31 May 2024
25,984 
25,346 
51,330 
Depreciation
At 1 June 2023
14,365 
13,329 
27,694 
Charge for the year
3,729 
3,834 
7,563 
At 31 May 2024
18,094 
17,163 
35,257 
Net book value
At 31 May 2024
7,890 
8,183 
16,073 
At 31 May 2023
11,619 
9,204 
20,823 
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DIRECT M & E LTD Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
26,040 
35,724 
Accrued income and prepayments
762 
576 
Other debtors
184,996 
174,996 
211,798 
211,296 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,406 
5,152 
Trade creditors
63 
- 
Taxes and social security
6,574 
14,281 
Other creditors
- 
130 
Loans from directors
(194)
(194)
Accruals
1,840 
1,746 
12,689 
21,115 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
18,000 
27,000 
8
Transactions with related parties
During the year the company has made a long term loan to MAYBACH DEVELOPMENTS LTD (Registration No.13114843) amounting to £10,000 (2023: £50,000). Mr Samir ISLAM is also a director in MAYBACH DEVELOPMENTS LTD The balance outstanding at the year end was £184,996 (2022: 174,996)
9
Average number of employees
During the year the average number of employees was 8 (2023: 9).
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