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REGISTERED NUMBER: 10455923 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

ME PRODUCE LIMITED

ME PRODUCE LIMITED (REGISTERED NUMBER: 10455923)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ME PRODUCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: Mr M E Erven





REGISTERED OFFICE: Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ





REGISTERED NUMBER: 10455923 (England and Wales)





ACCOUNTANTS: Brayshaw Morey
Certified Public Accountants
Fraser Ross House
24 Broad Street
Stamford
Lincolnshire
PE9 1PJ

ME PRODUCE LIMITED (REGISTERED NUMBER: 10455923)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 5,497 4,077

CURRENT ASSETS
Debtors 6 10,992 45,655
Cash at bank 26,503 5,413
37,495 51,068
CREDITORS
Amounts falling due within one year 7 31,590 34,654
NET CURRENT ASSETS 5,905 16,414
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,402

20,491

CREDITORS
Amounts falling due after more than one
year

8

(10,867

)

(20,293

)

PROVISIONS FOR LIABILITIES (350 ) -
NET ASSETS 185 198

CAPITAL AND RESERVES
Called up share capital 9 101 101
Retained earnings 10 84 97
SHAREHOLDERS' FUNDS 185 198

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ME PRODUCE LIMITED (REGISTERED NUMBER: 10455923)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2024


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 24 March 2025 and were signed by:





Mr M E Erven - Director


ME PRODUCE LIMITED (REGISTERED NUMBER: 10455923)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

ME Produce Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ME PRODUCE LIMITED (REGISTERED NUMBER: 10455923)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 4,407 1,562 5,969
Additions - 2,812 2,812
At 30 November 2024 4,407 4,374 8,781
DEPRECIATION
At 1 December 2023 441 1,451 1,892
Charge for year 440 952 1,392
At 30 November 2024 881 2,403 3,284
NET BOOK VALUE
At 30 November 2024 3,526 1,971 5,497
At 30 November 2023 3,966 111 4,077

6. DEBTORS
30.11.24 30.11.23
£    £   
Amounts falling due within one year:
Trade debtors 363 888
Other debtors 9,134 44,767
9,497 45,655

Amounts falling due after more than one year:
Other debtors 1,495 -

Aggregate amounts 10,992 45,655

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 10,800 10,800
Taxation and social security 20,790 23,854
31,590 34,654

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans 10,867 20,293

ME PRODUCE LIMITED (REGISTERED NUMBER: 10455923)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 A Ordinary 1 100 100
1 B Ordinary 1 1 1
101 101

10. RESERVES
Retained
earnings
£   

At 1 December 2023 97
Profit for the year 66,987
Dividends (67,000 )
At 30 November 2024 84

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
Mr M E Erven
Balance outstanding at start of year 18,370 27,865
Amounts advanced - 18,370
Amounts repaid (13,941 ) (27,865 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,429 18,370