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Company Registration No. 09238596 (England and Wales)
Mem-Star Distribution Ltd Unaudited accounts for the year ended 30 September 2025
Mem-Star Distribution Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Mem-Star Distribution Ltd Company Information for the year ended 30 September 2025
Directors
A Brien K Hulse J Turner
Company Number
09238596 (England and Wales)
Registered Office
23 High Street Wroughton Swindon Wiltshire SN4 9JX England
Accountants
Taxtful Consulting Ltd 4 Cricklade Court Second Floor Swindon Wiltshire SN1 3EY
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Mem-Star Distribution Ltd Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
125
625
Tangible assets
5
448,881
369,446
449,006
370,071
Current assets
Inventories
166,314
57,490
Debtors
6
16,496
37,234
Cash at bank and in hand
182,243
48,265
365,053
142,989
Creditors: amounts falling due within one year
7
(245,304)
(64,524)
Net current assets
119,749
78,465
Total assets less current liabilities
568,755
448,536
Creditors: amounts falling due after more than one year
8
(256,700)
(245,532)
Provisions for liabilities
Deferred tax
(17,559)
(17,559)
Net assets
294,496
185,445
Capital and reserves
Called up share capital
3,100
3,100
Capital redemption reserve
5,000
5,000
Profit and loss account
286,396
177,345
Shareholders' funds
294,496
185,445
For the year ending 30 September 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 27 November 2025 and were signed on its behalf by
A Brien Director Company Registration No. 09238596
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Mem-Star Distribution Ltd Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
Mem-Star Distribution Ltd is a private company, limited by shares, registered in England and Wales, registration number 09238596. The registered office is 23 High Street, Wroughton, Swindon, Wiltshire, SN4 9JX, England.
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 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.
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 recognized when the significant risks and rewards of ownership have transferred to the buyer( usually on dispatch 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 transaction can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognized in the reporting period. Tax is recognized in the statement of comprehensive income, except to the extent that it relates to items recognized in other comprehensive income or directly in capital and reserve. In this case , tax is recognized in the other comprehensive income or directly in capital and reserve, respectively. Current tax is recognized 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
Operating leases
Lease payments are recognized as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentive is recognized 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 amortisation and accumulated impairment losses. It is amortised on 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.
Amortization
Amortization 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: if there is an indication that there has been a significant change in amortization rate, useful life or residual value of an intangible asset, the amortization is revised prospectively to reflect the new estimates.
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Mem-Star Distribution Ltd Notes to the Accounts for the year ended 30 September 2025
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses. 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 follow If there is and 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.
Motor vehicles
25 % straight line
Fixtures & fittings
25 % straight line
Financial instruments
A financial asset or a financial liability is recognized only when the company becomes a party to the contractual provisions of the instrument. Basic financial Instrument are initially recognized at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognized at the present value of the future payment discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortized cost.
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.
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 estimates 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 assets 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
4
Intangible fixed assets
Goodwill
£
Cost
At 1 October 2024
5,000
At 30 September 2025
5,000
Amortisation
At 1 October 2024
4,375
Charge for the year
500
At 30 September 2025
4,875
Net book value
At 30 September 2025
125
At 30 September 2024
625
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Mem-Star Distribution Ltd Notes to the Accounts for the year ended 30 September 2025
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 October 2024
358,803
622
19,483
378,908
Additions
-
80,000
-
80,000
At 30 September 2025
358,803
80,622
19,483
458,908
Depreciation
At 1 October 2024
-
565
8,897
9,462
Charge for the year
-
565
-
565
At 30 September 2025
-
1,130
8,897
10,027
Net book value
At 30 September 2025
358,803
79,492
10,586
448,881
At 30 September 2024
358,803
57
10,586
369,446
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
16,496
72,234
Other debtors
-
(35,000)
16,496
37,234
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
20,484
14,958
Trade creditors
168,000
33,187
Taxes and social security
50,053
16,090
Other creditors
-
289
Accruals
6,767
-
245,304
64,524
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
256,700
244,401
Loans from directors
-
1,131
256,700
245,532
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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