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No description of principal activity
2021-02-01
Sage Accounts Production Advanced 2021 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
11689942
2021-02-01
2022-01-31
11689942
2022-01-31
11689942
2020-02-01
2021-01-31
11689942
2021-01-31
11689942
core:LandBuildings
core:ShortLeaseholdAssets
2021-02-01
2022-01-31
11689942
bus:LeadAgentIfApplicable
2021-02-01
2022-01-31
11689942
bus:Director1
2021-02-01
2022-01-31
11689942
core:WithinOneYear
2022-01-31
11689942
core:WithinOneYear
2021-01-31
11689942
core:ShareCapital
2022-01-31
11689942
core:ShareCapital
2021-01-31
11689942
core:RetainedEarningsAccumulatedLosses
2022-01-31
11689942
core:RetainedEarningsAccumulatedLosses
2021-01-31
11689942
bus:Director1
2022-01-31
11689942
bus:Director1
2020-01-31
11689942
bus:Director1
2020-02-01
2021-01-31
11689942
bus:SmallEntities
2021-02-01
2022-01-31
11689942
bus:AuditExemptWithAccountantsReport
2021-02-01
2022-01-31
11689942
bus:AbridgedAccounts
2021-02-01
2022-01-31
11689942
bus:SmallCompaniesRegimeForAccounts
2021-02-01
2022-01-31
11689942
bus:PrivateLimitedCompanyLtd
2021-02-01
2022-01-31
COMPANY REGISTRATION NUMBER:
11689942
Discover Memsahib Limited
|
|
Filleted Unaudited Abridged Financial Statements
|
|
Discover Memsahib Limited
|
|
Abridged Financial Statements
|
|
Year ended 31 January 2022
Chartered accountant's report to the director on the preparation of the unaudited statutory abridged financial statements
|
1
|
|
|
Abridged statement of financial position
|
2
|
|
|
Notes to the abridged financial statements
|
4
|
|
|
Discover Memsahib Limited
|
|
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of
Discover Memsahib Limited
|
|
Year ended 31 January 2022
As described on the abridged statement of financial position, the director of the company is responsible for the preparation of the abridged financial statements for the year ended 31 January 2022, which comprise the abridged statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
HARPER SHELDON LIMITED
Chartered accountants
Midway House
Staverton Technology Park
Herrick Way, Staverton
Cheltenham, Glos.
GL51 6TQ
24 October 2022
Discover Memsahib Limited
|
|
Abridged Statement of Financial Position
|
|
31 January 2022
Fixed assets
Tangible assets
|
5
|
8,761
|
–
|
|
|
|
|
Current assets
Stocks
|
8,000
|
8,000
|
Debtors
|
93,619
|
68,908
|
Cash at bank and in hand
|
6,282
|
25,730
|
|
---------
|
---------
|
|
107,901
|
102,638
|
|
|
|
Creditors: amounts falling due within one year
|
82,108
|
179,757
|
|
---------
|
---------
|
Net current assets/(liabilities)
|
25,793
|
(
77,119)
|
|
--------
|
--------
|
Total assets less current liabilities
|
34,554
|
(
77,119)
|
|
--------
|
--------
|
Net assets/(liabilities)
|
34,554
|
(
77,119)
|
|
--------
|
--------
|
|
|
|
Capital and reserves
Called up share capital
|
1
|
1
|
Profit and loss account
|
34,553
|
(
77,120)
|
|
--------
|
--------
|
Shareholders funds/(deficit)
|
34,554
|
(
77,119)
|
|
--------
|
--------
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 January 2022 in accordance with Section 444(2A) of the Companies Act 2006.
Discover Memsahib Limited
|
|
Abridged Statement of Financial Position (continued)
|
|
31 January 2022
These abridged financial statements were approved by the
board of directors
and authorised for issue on
24 October 2022
, and are signed on behalf of the board by:
Company registration number:
11689942
Discover Memsahib Limited
|
|
Notes to the Abridged Financial Statements
|
|
Year ended 31 January 2022
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 47-49 Promenade, Cheltenham, Gloucestershire, GL50 1PJ, England.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
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 recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch 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 transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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 follows:
|
Short leasehold property
|
-
|
8% straight line
|
|
|
|
|
Impairment of fixed assets
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is 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 asset and generates cash inflows that 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.
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 stock to its present location and condition.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2021:
5
).
5.
Tangible assets
|
£
|
Cost
|
|
At 1 February 2021
|
–
|
Additions
|
9,558
|
|
-------
|
At 31 January 2022
|
9,558
|
|
-------
|
Depreciation
|
|
At 1 February 2021
|
–
|
Charge for the year
|
797
|
|
-------
|
At 31 January 2022
|
797
|
|
-------
|
Carrying amount
|
|
At 31 January 2022
|
8,761
|
|
-------
|
At 31 January 2021
|
–
|
|
-------
|
|
|
6.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
|
2022
|
|
|
Balance brought forward
|
Advances/ (credits) to the director
|
Amounts repaid
|
Balance outstanding
|
|
|
£
|
£
|
£
|
£
|
|
Mr M M Molla
|
–
|
(
57,969)
|
–
|
(
57,969)
|
|
|
----
|
--------
|
----
|
--------
|
|
|
|
|
|
|
|
2021
|
|
|
Balance brought forward
|
Advances/ (credits) to the director
|
Amounts repaid
|
Balance outstanding
|
|
|
£
|
£
|
£
|
£
|
|
Mr M M Molla
|
104
|
30,224
|
(
30,328)
|
–
|
|
|
----
|
--------
|
--------
|
----
|
|
|
|
|
|
|
7.
Related party transactions
The company entered into transactions totalling £15,990 with Memsahib Gin Ltd, a company registered in England & Wales (No. 10984357) under common control and directorship. At the year end a debtor of £79,611 (2021: £63,621) was outstanding in respect of these transactions.