Company Registration No. 09458292 (England and Wales)
ME RETAIL SUPPLIES LIMITED
Unaudited accounts
for the period from 1 March 2020 to 31 January 2021
ME RETAIL SUPPLIES LIMITED
Unaudited accounts
Contents
ME RETAIL SUPPLIES LIMITED
Company Information
for the period from 1 March 2020 to 31 January 2021
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 2021
Tangible assets
477,039
516,231
Inventories
140,987
112,369
Cash at bank and in hand
20,001
18,573
Creditors: amounts falling due within one year
(109,623)
(133,410)
Net current assets
342,138
252,109
Total assets less current liabilities
819,177
768,340
Creditors: amounts falling due after more than one year
(661,885)
(674,924)
Net assets
157,292
93,416
Called up share capital
1
1
Share premium
260,000
260,000
Profit and loss account
(102,709)
(166,585)
Shareholders' funds
157,292
93,416
For the period ending 31 January 2021 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 7 September 2021 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 period from 1 March 2020 to 31 January 2021
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 period, 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
12.50% 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 March 2020
166,924
13,990
673,221
854,135
Additions
3,775
-
-
3,775
At 31 January 2021
170,699
13,990
673,221
857,910
At 1 March 2020
62,066
4,583
271,255
337,904
Charge for the period
19,559
1,603
21,805
42,967
At 31 January 2021
81,625
6,186
293,060
380,871
At 31 January 2021
89,074
7,804
380,161
477,039
At 29 February 2020
104,858
9,407
401,966
516,231
ME RETAIL SUPPLIES LIMITED
Notes to the Accounts
for the period from 1 March 2020 to 31 January 2021
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
40,319
-
Other debtors
230,535
254,577
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
29,098
44,001
Trade creditors
80,525
89,409
7
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
340,093
309,182
Loans from directors
321,792
365,742
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
(365,742)
43,950
-
(321,792)
(365,742)
43,950
-
(321,792)
9
Average number of employees
During the period the average number of employees was 39 (2020: 40).