Company Registration No. 11798092 (England and Wales)
Memo Walthamstow Limited
Unaudited accounts
for the year ended 31 January 2025
Memo Walthamstow Limited
Unaudited accounts
Contents
Memo Walthamstow Limited
Company Information
for the year ended 31 January 2025
Company Number
11798092 (England and Wales)
Registered Office
7 - 17 High Street
Walthamstow
London
E17 7AD
UNITED KINGDOM
Accountants
Abacus Financial Accountants
12 Douglas Road
Goodmayes
London
IG3 8UX
Memo Walthamstow Limited
Statement of financial position
as at 31 January 2025
Tangible assets
91,679
113,049
Inventories
246,002
197,726
Cash at bank and in hand
967,263
890,355
Creditors: amounts falling due within one year
(729,172)
(1,046,861)
Net current assets
600,511
461,408
Total assets less current liabilities
692,192
580,959
Creditors: amounts falling due after more than one year
-
(27,979)
Net assets
692,192
552,980
Called up share capital
100
100
Profit and loss account
692,092
552,880
Shareholders' funds
692,192
552,980
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 director acknowledges his 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 and authorised for issue on 8 July 2025 and were signed on its behalf by
Mehmet Demir
Director
Company Registration No. 11798092
Memo Walthamstow Limited
Notes to the Accounts
for the year ended 31 January 2025
Memo Walthamstow Limited is a private company, limited by shares, registered in England and Wales, registration number 11798092. The registered office is 7 - 17 High Street, Walthamstow, London, E17 7AD, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Memo Walthamstow Limited
Notes to the Accounts
for the year ended 31 January 2025
4
Intangible fixed assets
Goodwill
At 1 February 2024
249,667
At 31 January 2025
249,667
At 1 February 2024
243,165
At 31 January 2025
249,665
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 February 2024
198,471
58,937
257,408
Disposals
(23,997)
-
(23,997)
At 31 January 2025
205,900
58,937
264,837
At 1 February 2024
132,687
11,672
144,359
Charge for the year
23,547
5,252
28,799
At 31 January 2025
156,234
16,924
173,158
At 31 January 2025
49,666
42,013
91,679
At 31 January 2024
65,784
47,265
113,049
Amounts falling due within one year
Trade debtors
115,725
231,588
Memo Walthamstow Limited
Notes to the Accounts
for the year ended 31 January 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
7,083
-
Trade creditors
515,427
943,203
Taxes and social security
118,064
103,513
Loans from directors
88,598
-
8
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 18 (2024: 15).