GREEK2ME LTD


Directors	MACPHEE, Joanne
	PAPADOPOULOS, Christos


Registered Address	Plough The Green
	Nettleham
	Lincoln
	LN2 2NR


Registered Number	10271256 (England and Wales)

Balance Sheet as at
31 August 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		4,225		8,200
			4,225		8,200
Current assets
Debtors		41,980		47,149
Cash at bank and on hand		8,990		36,857
		50,970		84,006
Creditors amounts falling due within one year		(55,503)		(38,887)
Net current assets (liabilities)			(4,533)		45,119
Total assets less current liabilities			(308)		53,319
Creditors amounts falling due after one year	4		(44,576)		(92,800)
Net assets			(44,884)		(39,481)
Capital and reserves
Profit and loss account			(44,884)		(39,481)
Shareholders' funds			(44,884)		(39,481)

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 6 April 2025, and are signed on its behalf by:

MACPHEE, Joanne
Director
Registered Company No. 10271256

GREEK2ME LTD

Notes to the Financial Statements
for the year ended 31 August 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows: Plant & Machinery - 15% Straight Line Basis

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Plant & Machinery - 15% Straight Line Basis

2.	Average number of employees


		2024		2023
	Average number of employees during the year	14		12

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 September 23	26,531
	Additions	1
	At 31 August 24	26,532
	Depreciation and impairment
	At 01 September 23	18,331
	Charge for year	3,976
	At 31 August 24	22,307
	Net book value
	At 31 August 24	4,225
	At 31 August 23	8,200

4.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	44,576	92,800
Total	44,576	92,800


	Bank loan of £22,800 is secured by the UK Government under the Coronavirus Bounce Back Loan Scheme.