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Company Registration No. 11798108 (England and Wales)
Memo South Woodford Limited Unaudited accounts for the year ended 31 January 2025
Memo South Woodford Limited Unaudited accounts Contents
Page
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Memo South Woodford Limited Company Information for the year ended 31 January 2025
Directors
Ali Ihsan Kaya Mehmet Sait Dilek Mehmet Demir
Company Number
11798108 (England and Wales)
Registered Office
146-150 George Lane South Woodford London E18 1AY UNITED KINGDOM
Accountants
Abacus Financial Accountants 12 Douglas Road Goodmayes London IG3 8UX
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Memo South Woodford Limited Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
75,754 
146,076 
Current assets
Inventories
242,700 
233,609 
Debtors
326,792 
514,043 
Cash at bank and in hand
360,332 
391,854 
929,824 
1,139,506 
Creditors: amounts falling due within one year
(655,426)
(865,640)
Net current assets
274,398 
273,866 
Total assets less current liabilities
350,152 
419,942 
Creditors: amounts falling due after more than one year
(22,209)
(48,582)
Net assets
327,943 
371,360 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
327,843 
371,260 
Shareholders' funds
327,943 
371,360 
For the year ending 31 January 2025 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2025 and were signed on its behalf by
Mehmet Demir Director Company Registration No. 11798108
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Memo South Woodford Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Memo South Woodford Limited is a private company, limited by shares, registered in England and Wales, registration number 11798108. The registered office is 146-150 George Lane, South Woodford, London, E18 1AY, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
over 5 years
Motor vehicles
over 10 years
Fixtures & fittings
over 5 years
Computer equipment
over 5 years
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2024
354,407 
At 31 January 2025
354,407 
Amortisation
At 1 February 2024
354,407 
At 31 January 2025
354,407 
Net book value
At 31 January 2025
- 
Goodwill is being written off in equal annual installments over its estimated economic life of 5 years.
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Memo South Woodford Limited Notes to the Accounts for the year ended 31 January 2025
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2024
334,712 
76,295 
411,007 
Additions
28,221 
5,424 
33,645 
Disposals
- 
(50,666)
(50,666)
At 31 January 2025
362,933 
31,053 
393,986 
Depreciation
At 1 February 2024
244,931 
20,000 
264,931 
Charge for the year
47,129 
6,172 
53,301 
At 31 January 2025
292,060 
26,172 
318,232 
Net book value
At 31 January 2025
70,873 
4,881 
75,754 
At 31 January 2024
89,781 
56,295 
146,076 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
32,051 
13,557 
Trade debtors
12,741 
238,486 
44,792 
252,043 
Amounts falling due after more than one year
Other debtors
282,000 
262,000 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
406,288 
587,841 
Taxes and social security
95,993 
91,522 
Proposed dividends
20,000 
20,000 
Loans from directors
133,145 
166,277 
655,426 
865,640 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
22,209 
48,582 
9
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Memo South Woodford Limited Notes to the Accounts for the year ended 31 January 2025
10
Average number of employees
During the year the average number of employees was 13 (2024: 12).
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