Company Registration No. 11798042 (England and Wales)
Memo Cash and Carry Limited
Unaudited accounts
for the year ended 31 January 2023
Memo Cash and Carry Limited
Unaudited accounts
Contents
Memo Cash and Carry Limited
Company Information
for the year ended 31 January 2023
Directors
Mehmet Demir
Ali Ihsan Kaya
Mehmet Sait Dilek
Company Number
11798042 (England and Wales)
Registered Office
3 Argall Avenue
Leyton
London
E10 7QE
UNITED KINGDOM
Accountants
Abacus Financial Accountants
12 Douglas Road
Goodmayes
London
IG3 8UX
Memo Cash and Carry Limited
Accountants' report
Accountants' report to the board of directors of Memo Cash and Carry Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Memo Cash and Carry Limited for the year ended
31 January 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Memo Cash and Carry Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Memo Cash and Carry Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Memo Cash and Carry Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Memo Cash and Carry Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Memo Cash and Carry Limited. You consider that Memo Cash and Carry Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Memo Cash and Carry Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Abacus Financial Accountants
12 Douglas Road
Goodmayes
London
IG3 8UX
15 July 2023
Memo Cash and Carry Limited
Statement of financial position
as at 31 January 2023
Tangible assets
135,803
71,176
Inventories
428,558
491,738
Cash at bank and in hand
55,260
36,414
Creditors: amounts falling due within one year
(527,185)
(613,874)
Net current assets
69,751
5,556
Total assets less current liabilities
205,554
76,732
Creditors: amounts falling due after more than one year
(11,928)
-
Called up share capital
100
100
Profit and loss account
193,526
76,632
Shareholders' funds
193,626
76,732
For the year ending 31 January 2023 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 15 July 2023 and were signed on its behalf by
Mehmet Demir
Director
Company Registration No. 11798042
Memo Cash and Carry Limited
Notes to the Accounts
for the year ended 31 January 2023
Memo Cash and Carry Limited is a private company, limited by shares, registered in England and Wales, registration number 11798042. The registered office is 3 Argall Avenue, Leyton, London, E10 7QE, UNITED KINGDOM.
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
Over 5 years
Motor vehicles
Over 5 years
Fixtures & fittings
Over 5 years
Computer equipment
Over 5 years
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2022
-
36,565
63,287
-
99,852
Additions
34,911
49,800
1,179
12,200
98,090
At 31 January 2023
34,911
86,365
64,466
12,200
197,942
At 1 February 2022
-
9,487
19,189
-
28,676
Charge for the year
6,982
17,273
6,768
2,440
33,463
At 31 January 2023
6,982
26,760
25,957
2,440
62,139
At 31 January 2023
27,929
59,605
38,509
9,760
135,803
At 31 January 2022
-
27,078
44,098
-
71,176
Memo Cash and Carry Limited
Notes to the Accounts
for the year ended 31 January 2023
Amounts falling due within one year
Trade debtors
108,957
85,543
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
43,788
43,788
Obligations under finance leases and hire purchase contracts
3,936
-
Trade creditors
323,914
473,824
Taxes and social security
91,498
31,052
Proposed dividends
-
26,000
Loans from directors
64,049
39,210
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
11,928
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 11 (2022: 10).