Registered number
SC705051
MEALZO LIMITED
Filleted Accounts
31 May 2024
MEALZO LIMITED
Registered number: SC705051
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 99,772 99,335
99,772 99,335
Current assets
Stocks 146,431 23,961
Cash at bank and in hand 12,414 13,854
158,845 37,815
Creditors: amounts falling due within one year 4 (172,667) (134,740)
Net current liabilities (13,822) (96,925)
Total assets less current liabilities 85,950 2,410
Provisions for liabilities - -
Net assets 85,950 2,410
Capital and reserves
Called up share capital 100 100
Share premium - -
Profit and loss account 85,850 2,310
Shareholder's funds 85,950 2,410
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
PEDRAM PEROZ
Director
Approved by the board on 25 February 2028
MEALZO LIMITED
Notes to the Accounts
for the year ended 31 May 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.
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 at 10% reducing balance.
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.
Pensions
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 14 14
3 Tangible fixed assets
Fixtures & Fittings Equipment Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 7,833 4,492 98,047 110,372
Additions - - 10,917 10,917
Surplus on revaluation - - - -
Disposals - - - -
At 31 May 2024 7,833 4,492 108,964 121,289
Depreciation
At 1 June 2023 783 449 9,805 11,037
Charge for the year 705 404 9,371 10,480
Surplus on revaluation - - - -
On disposals - - - -
At 31 May 2024 1,488 853 19,176 21,517
Net book value
At 31 May 2024 6,345 3,639 89,788 99,772
At 31 May 2023 7,050 4,043 88,242 99,335
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 72,895 35,405
Other creditors 99,772 99,335
172,667 134,740
5 Other information
MEALZO LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
6/1 The Approach
321 Springhill Parkway,
Glasgow
G69 6GA
MEALZO LIMITED SC705051 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts July 2024 PEDRAM PEROZ No description of principal activity SC705051 2022-06-01 2023-05-31 SC705051 core:WithinOneYear 2023-05-31 SC705051 core:ShareCapital 2023-05-31 SC705051 core:SharePremium 2023-05-31 SC705051 core:RetainedEarningsAccumulatedLosses 2023-05-31 SC705051 2023-06-01 2024-05-31 SC705051 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC705051 bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC705051 bus:Director40 2023-06-01 2024-05-31 SC705051 1 2023-06-01 2024-05-31 SC705051 2 2023-06-01 2024-05-31 SC705051 core:LandBuildings 2023-06-01 2024-05-31 SC705051 core:PlantMachinery 2023-06-01 2024-05-31 SC705051 core:Vehicles 2023-06-01 2024-05-31 SC705051 countries:England 2023-06-01 2024-05-31 SC705051 bus:FRS102 2023-06-01 2024-05-31 SC705051 bus:FilletedAccounts 2023-06-01 2024-05-31 SC705051 2024-05-31 SC705051 core:WithinOneYear 2024-05-31 SC705051 core:ShareCapital 2024-05-31 SC705051 core:SharePremium 2024-05-31 SC705051 core:RetainedEarningsAccumulatedLosses 2024-05-31 SC705051 core:LandBuildings 2024-05-31 SC705051 core:PlantMachinery 2024-05-31 SC705051 core:Vehicles 2024-05-31 SC705051 2023-05-31 SC705051 core:LandBuildings 2023-05-31 SC705051 core:PlantMachinery 2023-05-31 SC705051 core:Vehicles 2023-05-31 iso4217:GBP xbrli:pure