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REGISTERED NUMBER: 12172918 (England and Wales)










Financial Statements

for the Year Ended 31 August 2024

for

Mee (NE) Ltd

Mee (NE) Ltd (Registered number: 12172918)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mee (NE) Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mrs M L Lee Chan





REGISTERED OFFICE: 3 Bridge End
Chester Le Street
DH3 3RE





REGISTERED NUMBER: 12172918 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

Mee (NE) Ltd (Registered number: 12172918)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 12,569 14,933

CURRENT ASSETS
Stocks 2,600 2,600
Debtors 5 5,302 1,447
Cash at bank and in hand 40,022 34,630
47,924 38,677
CREDITORS
Amounts falling due within one year 6 (22,822 ) (23,703 )
NET CURRENT ASSETS 25,102 14,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,671

29,907

PROVISIONS FOR LIABILITIES (2,388 ) (2,837 )
NET ASSETS 35,283 27,070

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7 35,282 27,069
35,283 27,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2025 and were signed by:



Mrs M L Lee Chan - Director


Mee (NE) Ltd (Registered number: 12172918)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Mee (NE) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Mee (NE) Ltd (Registered number: 12172918)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 September 2023 23,847 2,675 26,522
Additions 412 1,204 1,616
At 31 August 2024 24,259 3,879 28,138
DEPRECIATION
At 1 September 2023 10,295 1,294 11,589
Charge for year 3,439 541 3,980
At 31 August 2024 13,734 1,835 15,569
NET BOOK VALUE
At 31 August 2024 10,525 2,044 12,569
At 31 August 2023 13,552 1,381 14,933

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 749
Directors' current accounts 4,723 197
Prepayments 579 501
5,302 1,447

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 331 -
Corporation tax 10,012 12,082
Social security and other tax 2,322 -
Pension Liability 125 34
VAT 6,290 10,729
Accrued expenses 1,180 858
Income received in advance 2,562 -
22,822 23,703

7. RESERVES
Retained
earnings
£   

At 1 September 2023 27,069
Profit for the year 8,213
At 31 August 2024 35,282

Mee (NE) Ltd (Registered number: 12172918)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

No dividend was paid to the director during the year (2023 - £19335). The amount owed to the directors by the company at 31st August 2024 is £4723 (2023 - £197).