Menu Shop Europe Limited 31/12/2024 iXBRL

Company registration number: 10014194

Menu Shop Europe Limited

Unaudited filleted financial statements

31 December 2024

Menu Shop Europe Limited

Contents

Directors and other information

Accountant's report

Statement of financial position

Notes to the financial statements

Menu Shop Europe Limited

Directors and other information


	Directors
		Mr Steven Treadway
		Mr David Treadway


	Company number	10014194


	Registered office	38 High Street
		Warminster
		Wiltshire
		United Kingdom
		BA12 9AF


	Business address	38 High Street
		Warminster
		Wiltshire
		United Kingdom
		BA12 9AF


	Accountant	Robinson Miller
		36 High Street
		Warminster
		Wiltshire
		BA12 9AF

Menu Shop Europe Limited

Chartered accountant's report to the board of directors on the preparation of the

unaudited statutory financial statements of Menu Shop Europe Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Menu Shop Europe Limited for the year ended 31 December 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Menu Shop Europe Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Menu Shop Europe Limited and state those matters that we have agreed to state to the board of directors of Menu Shop Europe Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Menu Shop Europe Limited and its board of directors as a body for my work or for this report.

It is your duty to ensure that Menu Shop Europe Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Menu Shop Europe Limited. You consider that Menu Shop Europe Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Menu Shop Europe Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Robinson Miller

Chartered Accountants

36 High Street

Warminster

Wiltshire

BA12 9AF

26 September 2025

Menu Shop Europe Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Intangible assets	5	40,000		80,000
Tangible assets	6	60,216		49,327
Investments	7	41,000		41,000
		_______		_______
			141,216		170,327

Current assets
Stocks		359,534		344,788
Debtors	8	187,697		100,309
Cash at bank and in hand		318,504		334,851
		_______		_______
		865,735		779,948
Creditors: amounts falling due
within one year	9	( 318,719)		( 301,030)
		_______		_______
Net current assets			547,016		478,918
			_______		_______
Total assets less current liabilities			688,232		649,245

Creditors: amounts falling due
after more than one year	10		-		( 59,500)

Provisions for liabilities			( 10,384)		( 11,842)

			_______		_______
Net assets			677,848		577,903
			_______		_______

Capital and reserves
Called up share capital			4		4
Profit and loss account			677,844		577,899
			_______		_______
Shareholders funds			677,848		577,903
			_______		_______

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Mr David Treadway

Director

Company registration number: 10014194

Menu Shop Europe Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 38 High Street, Warminster, Wiltshire, United Kingdom, BA12 9AF.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

On incorporation of the business the current directors and shareholders sold the business goodwill to the company for £400,000. As there is no formal schedule of repayments for this goodwill the liability has been shown within current liabilities as part of the director's loan accounts. The directors however consider that settlement of these obligations will not be sought until such time as to do so would not affect the ongoing status of the company as a going concern.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	10 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	15 %	reducing balance
Fittings fixtures and equipment	-	15 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 20 (2023: 19 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	400,000	400,000
	_______	_______
Amortisation
At 1 January 2024	320,000	320,000
Charge for the year	40,000	40,000
	_______	_______
At 31 December 2024	360,000	360,000
	_______	_______
Carrying amount
At 31 December 2024	40,000	40,000
	_______	_______
At 31 December 2023	80,000	80,000
	_______	_______

The intangible asset represents goodwill on the acquisition of the previous trading partnership of the current directors of Menu Shop Europe Limited .

6. Tangible assets

	Freehold and leasehold properties	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2024	3,805	87,923	12,571	16,495	120,794
Additions	-	16,500	-	3,094	19,594
	_______	_______	_______	_______	_______
At 31 December 2024	3,805	104,423	12,571	19,589	140,388
	_______	_______	_______	_______	_______
Depreciation
At 1 January 2024	2,887	43,924	10,341	14,315	71,467
Charge for the year	150	7,150	363	1,042	8,705
	_______	_______	_______	_______	_______
At 31 December 2024	3,037	51,074	10,704	15,357	80,172
	_______	_______	_______	_______	_______
Carrying amount
At 31 December 2024	768	53,349	1,867	4,232	60,216
	_______	_______	_______	_______	_______
At 31 December 2023	918	43,999	2,230	2,180	49,327
	_______	_______	_______	_______	_______

7. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	41,000	41,000
	_______	_______
Impairment
At 1 January 2024 and 31 December 2024	-	-
	_______	_______
Carrying amount
At 31 December 2024	41,000	41,000
	_______	_______
At 31 December 2023	41,000	41,000
	_______	_______

8. Debtors

	2024	2023
	£	£
Trade debtors	181,958	94,570
Amounts owed by group undertakings and undertakings in which the company has a participating interest	3,572	3,572
Other debtors	2,167	2,167
	_______	_______
	187,697	100,309
	_______	_______

9. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	-	42,000
Trade creditors	181,349	121,473
Corporation tax	72,892	88,409
Social security and other taxes	36,948	21,795
Other creditors	27,530	27,353
	_______	_______
	318,719	301,030
	_______	_______

Hire purchase liabilities totalling £nil (2023: £1,402.89) are secured on the asset so acquired.

10. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	-	59,500
	_______	_______

11. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	-	3,673
Later than 1 year and not later than 5 years	-	1,836
	_______	_______
	-	5,509
	_______	_______

No interest was being charged on the above.

12. Controlling party

At 31st December 2024 S Treadway and D Treadway both controlled 50% of the company. As a result there is no one controlling party.

13. Related Party - Menu Shop Europa S.L

Menu Shop Europa S.L is a trading company in Spain. Menu Shop Europe Limited and Menu Shop Europa S.L are under common control. Included in trade debtors was £27,454.80 (2023 - £30,771) owed to Menu Shop Europe Limited by Menu Shop Europa S.L.

14. Related Party - Leathercraft of Cornwall Limited

Leathercraft of Cornwall Limited is a wholly owned subsidiary of Menu Shop Europe Limited . Within trade debtors at 31st December 2024 was £nil due from Leathercraft of Cornwall Limited (2023: £Nil). Included in other debtors is £3,572 (2023: £3,572) relating to rechargeable expenses owed by Leathercraft of Cornwall Limited to Menu Shop Europe Limited . Within trade creditors at 31st December 2024 was £64,095.32 due to Leathercraft of Cornwall Limited (2023: £45,777).