Meze Meze (Lancing) Ltd
Registered number: 08270348
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 637 750
Current assets
Stocks 2,250 1,254
Cash at bank and in hand 5,121 13,261
7,371 14,515
Creditors: amounts falling due within one year 4 (3,791) (6,607)
Net current assets 3,580 7,908
Total assets less current liabilities 4,217 8,658
Creditors: amounts falling due after more than one year 5 (57,204) (61,379)
Net liabilities (52,987) (52,721)
Capital and reserves
Called up share capital 100 100
Profit and loss account (53,087) (52,821)
Shareholders' funds (52,987) (52,721)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
C Osvaldas
Director
Approved by the board on 11 November 2024
Meze Meze (Lancing) Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 12,523
At 31 October 2024 12,523
Depreciation
At 1 November 2023 11,773
Charge for the year 113
At 31 October 2024 11,886
Net book value
At 31 October 2024 637
At 31 October 2023 750
4 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 3,791 5,529
Taxation and social security costs - 1,078
3,791 6,607
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,264 10,644
Trade creditors 1,452 1,247
Other creditors 49,488 49,488
57,204 61,379
6 Other information
Meze Meze (Lancing) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
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