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Memphis Holdings Ltd
Registered Number:13467328
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2024
Memphis Holdings Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
13467328
As at 30 June 2024
Memphis Holdings Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
48,263
47,184
2
48,263
47,184
Current assets
Inventories
8,467
7,600
3
Trade and other receivables
28,038
16,250
4
37,173
Cash and cash equivalents
36,493
60,343
73,678
Trade and other payables: amounts falling due within one
year
(162,521)
(175,769)
5
(88,843)
(115,426)
Net current liabilities
Total assets less current liabilities
(67,163)
(41,659)
Trade and other payables: amounts falling due after more
than one year
(9,010)
-
6
(67,163)
Net liabilities
(50,669)
Capital and reserves
Called up share capital
6
6
Retained earnings
(67,169)
(50,675)
(67,163)
(50,669)
Shareholders' funds
For the year ended 30 June 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 of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
A G Nicol Director
These financial statements were approved and authorised for issue by the Board on 28 March 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 June 2024
Memphis Holdings Ltd
Notes to the Financial Statements
Statutory Information
Memphis Holdings Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 13467328.
Registered address:
Harrow Cottage
Heathfield
Newton Abbot
Devon
TQ12 6RH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipmentare stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Furniture and Fittings
Going concern
The company is financed by the directors. This is a new business and in the opinion of the directors, they believe
profits will be made in the future.
2. Property, plant and equipment
Furniture and
Fittings
£
Cost or
valuation
At 01 July 2023
49,255
17,166
Additions
At 30 June 2024
66,421
Provision for depreciation and impairment
At 01 July 2023
2,071
Charge for year
16,087
At 30 June 2024
18,158
At 30 June 2024
Net book value
48,263
At 30 June 2023
47,184
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5
For the year ended 30 June 2024
Memphis Holdings Ltd
Notes to the Financial Statements Continued
3. Inventories
2023
2024
£
£
Stocks
7,600
8,467
4. Trade and other receivables
2023
2024
£
£
Other debtors
16,250
28,038
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
23,412
20,438
Taxation and social security
31,699
-
Other creditors
120,658
142,083
175,769
162,521
Included within taxation and social security is corporation tax of Nil (2023: Nil).
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
-
9,010
7. Related party transactions
The company is under the effective control of its directors.
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6
For the year ended 30 June 2024
Memphis Holdings Ltd
Notes to the Financial Statements Continued
8. Directors advances and guarantees
At 01/07/2023
Repaid
At 30/06/2024
£
£
£
S J Bowden
Monies loaned to the company by the director
36,568
47,160
10,592
36,568
47,160
10,592
A G Nicol
Monies loaned to the company by the director
30,638
33,594
2,956
30,638
33,594
2,956
L C Denning
Monies loaned to the company by the director
24,086
35,000
10,914
24,086
35,000
10,914
9. Guarantees and other financial commitments
Lease commitments
At 30 June 2024 the company had annual commitments under non-cancellable operating leases as set out below:
2023
£
2024
£
Operating leases which expire:
65,000
50,000
Within 1 year
260,000
260,000
Within 2 to 5 years
After more than 5 years
260,000
325,000
585,000
635,000
Under FRS 102, the figures represent the full amount payable for the whole period of the lease remaining at the year
end.
10. Average number of persons employed
During the year the average number of employees was 24 (2023 : 26)
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