Meraki Group Limited - Accounts

MERAKI GROUP LIMITED - Company Information

Meraki Group Limited 09607961 bed manufacturer. false 1 January 2018 09607961 2018-01-01 2018-12-31 09607961 2017-12-31 09607961 2018-12-31 09607961 2017-01-01 2017-12-31 09607961 2016-12-31 09607961 2017-12-31 09607961 frs102-bus:FRS102 2018-01-01 2018-12-31 09607961 frs102-bus:PrivateLimitedCompanyLtd 2018-01-01 2018-12-31 09607961 frs102-bus:FullAccounts 2018-01-01 2018-12-31 09607961 frs102-bus:AuditExempt-NoAccountantsReport 2018-01-01 2018-12-31 09607961 frs102-core:CurrentFinancialInstruments 2018-12-31 09607961 frs102-core:CurrentFinancialInstruments 2017-12-31 09607961 frs102-core:Non-currentFinancialInstruments 2018-12-31 09607961 frs102-core:Non-currentFinancialInstruments 2017-12-31 09607961 frs102-core:ShareCapital 2018-12-31 09607961 frs102-core:ShareCapital 2017-12-31 09607961 frs102-core:RetainedEarningsAccumulatedLosses 2018-12-31 09607961 frs102-core:RetainedEarningsAccumulatedLosses 2017-12-31 09607961 frs102-bus:Director1 2018-01-01 2018-12-31 09607961 frs102-core:PlantMachinery 2018-01-01 2018-12-31 09607961 frs102-core:FurnitureFittings 2018-01-01 2018-12-31 09607961 frs102-core:Vehicles 2018-01-01 2018-12-31 09607961 frs102-core:PlantMachinery 2017-12-31 09607961 frs102-core:FurnitureFittings 2017-12-31 09607961 frs102-core:Vehicles 2017-12-31 09607961 frs102-core:PlantMachinery 2018-12-31 09607961 frs102-core:FurnitureFittings 2018-12-31 09607961 frs102-core:Vehicles 2018-12-31 09607961 frs102-core:PlantMachinery 2017-12-31 09607961 frs102-core:FurnitureFittings 2017-12-31 09607961 frs102-core:Vehicles 2017-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares

	Registered number
	09607961

	Meraki Group Limited
	Unaudited Accounts
	for the year ended
	31 December 2018

Meraki Group Limited Balance Sheet as at 31 December 2018
	Notes		2018 £		2017 £
Fixed assets
Tangible assets	4		12,026		12,375
			12,026		12,375

Current assets
Stocks		90,250		90,620
Debtors	5	81,328		16,596
Cash at bank and in hand		6,339		7,217
		177,917		114,433

Creditors: amounts falling due within one year	6	(65,083)		(89,629)

Net current assets / (liabilities)			112,834		24,804

Total assets less current liabilities			124,860		37,179

Creditors: amounts falling due after more than one year	7		(118,991)		(33,682)

Total net assets (liabilities)			5,869		3,497

Capital and reserves
Called up share capital			100		100
Profit and loss account			5,769		3,397
Shareholders' funds			5,869		3,497

These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 December 2018 the company was entitled to exemption 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.

Signed on behalf of the board of directors

...............................

Mr M Ali

Director

Approved by the board on 25 April 2019

Company Number: 09607961 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

Liversedge Business Park
Unit 2, 22-26 Halifax Road
Liversedge
West Yorkshire
WF15 6JQ
England

1.	Accounting policies
	Basis of preparation of financial statements These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.

Tangible fixed assets depreciation policy

Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.

Plant & machinery	18% Reducing Balance
Fixtures & fittings	18% Reducing Balance
Vehicles	18% Reducing Balance

	Stocks
	Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.

Stocks

Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.

	Deferred taxation
	Taxation represents the sum of tax currently payable and deferred tax. Current tax is calculated using tax rates that have been enacted or substantially enacted at the end of the reporting period. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of part of the asset to be recovered.

Deferred taxation

Taxation represents the sum of tax currently payable and deferred tax. Current tax is calculated using tax rates that have been enacted or substantially enacted at the end of the reporting period. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of part of the asset to be recovered.

	Leases and hire purchase contracts
	Assets obtained under hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful economic lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are are included in creditors net of finance charges allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis over the lease term.

Leases and hire purchase contracts

Assets obtained under hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful economic lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are are included in creditors net of finance charges allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis over the lease term.

Profit or loss
Profit before tax is stated after charging the following:	2018	2017
	£	£
Directors' remuneration	15,600	16,680

Taxation
	2018	2017
	£	£
UK Corporation Tax	657	351
Tax on profit/(loss) on ordinary activities	657	351

Tangible fixed assets
	Plant & machinery	Fixtures & fittings	Vehicles	Total
Cost or valuation	£	£	£	£
At 1 January 2018	7,642	2,453	8,400	18,495
Additions	2,291	0	0	2,291
At 31 December 2018	9,933	2,453	8,400	20,786
Depreciation
At 1 January 2018	2,564	804	2,752	6,120
Charge for the period	1,326	297	1,017	2,640
At 31 December 2018	3,890	1,101	3,769	8,760
Net book value
At 31 December 2018	6,043	1,352	4,631	12,026
At 31 December 2017	5,078	1,649	5,648	12,375

Debtors
	2018	2017
	£	£
Trade debtors	81,328	14,297
Other debtors	0	2,299
	81,328	16,596

Creditors: amounts falling due within one year
	2018	2017
	£	£
Trade creditors	55,510	77,000
Other creditors	9,573	12,629
	65,083	89,629

Creditors: amounts falling due after one year
	2018	2017
	£	£
Trade creditors	77,000	0
Other	41,991	33,682
	118,991	33,682

Dividends
	2018	2017
	£	£
Total dividend payment	0	0