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Company Registration No. 11798042 (England and Wales)
Memo Cash and Carry Limited Unaudited accounts for the year ended 31 January 2025
Memo Cash and Carry Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
Memo Cash and Carry Limited Company Information for the year ended 31 January 2025
Directors
Mehmet Demir Ali Ihsan Kaya Mehmet Sait Dilek
Company Number
11798042 (England and Wales)
Registered Office
3 Argall Avenue Leyton London E10 7QE UNITED KINGDOM
Accountants
Abacus Financial Accountants 12 Douglas Road Goodmayes London IG3 8UX
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Memo Cash and Carry Limited Accountants' report
Accountants' report to the board of directors of Memo Cash and Carry Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Memo Cash and Carry Limited for the year ended 31 January 2025 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Memo Cash and Carry Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Memo Cash and Carry Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Memo Cash and Carry Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Memo Cash and Carry Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Memo Cash and Carry Limited. You consider that Memo Cash and Carry Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Memo Cash and Carry Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Abacus Financial Accountants 12 Douglas Road Goodmayes London IG3 8UX 23 July 2025
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Memo Cash and Carry Limited Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
114,970
103,803
Current assets
Inventories
2,317,696
497,896
Debtors
5
764,590
183,087
Cash at bank and in hand
68,020
332,228
3,150,306
1,013,211
Creditors: amounts falling due within one year
6
(2,879,989)
(833,445)
Net current assets
270,317
179,766
Total assets less current liabilities
385,287
283,569
Creditors: amounts falling due after more than one year
7
-
(7,992)
Net assets
385,287
275,577
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
385,187
275,477
Shareholders' funds
385,287
275,577
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 23 July 2025 and were signed on its behalf by
Mehmet Demir Director Company Registration No. 11798042
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Memo Cash and Carry Limited Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Memo Cash and Carry Limited is a private company, limited by shares, registered in England and Wales, registration number 11798042. The registered office is 3 Argall Avenue, Leyton, London, E10 7QE, 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 5 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, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 February 2024
34,911
86,365
78,597
199,873
Additions
-
-
50,109
50,109
At 31 January 2025
34,911
86,365
128,706
249,982
Depreciation
At 1 February 2024
13,964
44,033
38,073
96,070
Charge for the year
6,982
17,273
14,687
38,942
At 31 January 2025
20,946
61,306
52,760
135,012
Net book value
At 31 January 2025
13,965
25,059
75,946
114,970
At 31 January 2024
20,947
42,332
40,524
103,803
- 6 -
Memo Cash and Carry Limited Notes to the Accounts for the year ended 31 January 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
5,821
Trade debtors
764,590
177,266
764,590
183,087
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
42,541
42,541
VAT
31,251
-
Obligations under finance leases and hire purchase contracts
-
3,936
Trade creditors
1,820,640
585,760
Taxes and social security
71,113
77,159
Loans from directors
914,444
124,049
2,879,989
833,445
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
-
7,992
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 11 (2024: 12).
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