Mamo Meat Ltd - Filleted accounts

Registered number

11596972

Mamo Meat Ltd

Report and Accounts

31 October 2024

Mamo Meat Ltd
Registered number:		11596972
Balance Sheet
as at 31 October 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		251,691			243,778

Current assets
Stocks		69,800			89,500
Debtors	4	83,937			9,831
Cash at bank and in hand		85,300			42,426
		239,037			141,757

Creditors: amounts falling due within one year	5	(219,245)			(141,868)

Net current assets/(liabilities)			19,792			(111)

Total assets less current liabilities			271,483			243,667

Creditors: amounts falling due after more than one year	6		(15,660)			(33,612)

Provisions for liabilities			(18,653)			(42,492)


Net assets			237,170			167,563

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			236,170			166,563

Shareholder's funds			237,170			167,563

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




Mr Ibrahim Kaplan
Director
Approved by the board on 24 July 2025

Mamo Meat Ltd
Notes to the Accounts
for the year ended 31 October 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Equipment, fixtures & fittings	15% on reducing balance
	Plant and machinery	15% on reducing balance
	Motor vehicles	15% on reducing balance

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			26		22


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 November 2023	180,157		150,178		330,335
	Additions	38,942		11,000		49,942
	At 31 October 2024	219,099		161,178		380,277

	Depreciation
	At 1 November 2023	42,675		43,882		86,557
	Charge for the year	25,122		16,907		42,029
	At 31 October 2024	67,797		60,789		128,586

	Net book value
	At 31 October 2024	151,302		100,389		251,691
	At 31 October 2023	137,482		106,296		243,778


4	Debtors			2024		2023
£					£

	Trade debtors			32,500		-
	Other debtors			51,437		9,831
				83,937		9,831


5	Creditors: amounts falling due within one year			2024		2023
£					£

	Bank loans and overdrafts			81,000		-
	Trade creditors			128,315		141,235
	Taxation and social security costs			9,930		633
	Other creditors			-		-
				219,245		141,868


6	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			15,660		33,612


7	Other information

	Mamo Meat Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 34/35 Lake Business Centre Tariff Road
	London
	N17 0YX