Company Registration No. 09458292 (England and Wales)
ME RETAIL SUPPLIES LIMITED
Unaudited accounts
for the year ended 31 January 2022
ME RETAIL SUPPLIES LIMITED
Unaudited accounts
Contents
ME RETAIL SUPPLIES LIMITED
Company Information
for the year ended 31 January 2022
Director
Rabih Boutros Beaini
Company Number
09458292 (England and Wales)
Registered Office
348 - 354 KENSINGTON HIGH STREET
LONDON
W14 8NS
ENGLAND
ME RETAIL SUPPLIES LIMITED
Statement of financial position
as at
31 January 2022
Tangible assets
434,460
477,039
Inventories
158,482
140,987
Cash at bank and in hand
15,621
20,001
Creditors: amounts falling due within one year
(151,617)
(109,623)
Net current assets
293,773
342,138
Total assets less current liabilities
728,233
819,177
Creditors: amounts falling due after more than one year
(561,436)
(661,885)
Net assets
166,797
157,292
Called up share capital
1
1
Share premium
260,000
260,000
Profit and loss account
(93,204)
(102,709)
Shareholders' funds
166,797
157,292
For the year ending 31 January 2022 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 14 October 2022 and were signed on its behalf by
Rabih Boutros Beaini
Director
Company Registration No. 09458292
ME RETAIL SUPPLIES LIMITED
Notes to the Accounts
for the year ended 31 January 2022
ME RETAIL SUPPLIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09458292. The registered office is 348 - 354 KENSINGTON HIGH STREET, LONDON, W14 8NS, 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.
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.
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
10.00% on straight line basis
Motor vehicles
12.50% on straight line basis
Fixtures & fittings
Over 20 Years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2021
170,699
13,990
673,221
857,910
At 31 January 2022
170,699
13,990
673,221
857,910
At 1 February 2021
81,625
6,186
293,060
380,871
Charge for the year
17,070
1,749
23,760
42,579
At 31 January 2022
98,695
7,935
316,820
423,450
At 31 January 2022
72,004
6,055
356,401
434,460
At 31 January 2021
89,074
7,804
380,161
477,039
ME RETAIL SUPPLIES LIMITED
Notes to the Accounts
for the year ended 31 January 2022
Amounts falling due within one year
Trade debtors
10,979
19,919
Accrued income and prepayments
29,773
40,319
Other debtors
230,535
230,535
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
62,919
29,098
Trade creditors
88,698
80,525
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
280,662
340,093
Loans from directors
280,774
321,792
8
Operating lease commitments
2022
2021
At 31 January 2022 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
4,773
-
9
Average number of employees
During the year the average number of employees was 37 (2021: 39).