Meraki Group Limited - Accounts

Meraki Group Limited - Accounts

MERAKI GROUP LIMITED - Company Information

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Meraki Group Limited 09607961 bed manufacturer. false 1 January 2019 09607961 2019-01-01 2019-12-31 09607961 2018-12-31 09607961 2019-12-31 09607961 2018-01-01 2018-12-31 09607961 2017-12-31 09607961 2018-12-31 09607961 frs102-bus:FRS102 2019-01-01 2019-12-31 09607961 frs102-bus:PrivateLimitedCompanyLtd 2019-01-01 2019-12-31 09607961 frs102-bus:FullAccounts 2019-01-01 2019-12-31 09607961 frs102-bus:AuditExempt-NoAccountantsReport 2019-01-01 2019-12-31 09607961 frs102-core:CurrentFinancialInstruments 2019-12-31 09607961 frs102-core:CurrentFinancialInstruments 2018-12-31 09607961 frs102-core:Non-currentFinancialInstruments 2019-12-31 09607961 frs102-core:Non-currentFinancialInstruments 2018-12-31 09607961 frs102-core:ShareCapital 2019-12-31 09607961 frs102-core:ShareCapital 2018-12-31 09607961 frs102-core:RetainedEarningsAccumulatedLosses 2019-12-31 09607961 frs102-core:RetainedEarningsAccumulatedLosses 2018-12-31 09607961 frs102-bus:Director1 2019-01-01 2019-12-31 09607961 frs102-core:FurnitureFittings 2019-01-01 2019-12-31 09607961 frs102-core:Vehicles 2019-01-01 2019-12-31 09607961 frs102-core:PlantMachinery 2019-01-01 2019-12-31 09607961 frs102-core:FurnitureFittings 2018-12-31 09607961 frs102-core:Vehicles 2018-12-31 09607961 frs102-core:PlantMachinery 2018-12-31 09607961 frs102-core:FurnitureFittings 2019-12-31 09607961 frs102-core:Vehicles 2019-12-31 09607961 frs102-core:PlantMachinery 2019-12-31 09607961 frs102-core:FurnitureFittings 2018-12-31 09607961 frs102-core:Vehicles 2018-12-31 09607961 frs102-core:PlantMachinery 2018-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
09607961
Meraki Group Limited
Unaudited Accounts
for the year ended
31 December 2019
Meraki Group Limited
Balance Sheet
as at 31 December 2019
Notes
 2019
£		 2018
£
Fixed assets
Tangible assets 3 9,861 12,026
9,861 12,026
Current assets
Stocks 90,000 90,250
Debtors 4 24,393 81,328
Cash at bank and in hand 1,683 6,339
116,076 177,917
Creditors: amounts falling due within one year 5 (65,194) (65,083)
Net current assets / (liabilities) 50,882 112,834
Total assets less current liabilities 60,743 124,860
Creditors: amounts falling due after more than one year 6 (40,559) (118,991)
Total net assets (liabilities) 20,184 5,869
Capital and reserves
Called up share capital 100 100
Profit and loss account 20,084 5,769
Shareholders' funds 20,184 5,869

Meraki Group Limited
Balance Sheet
as at 31 December 2019



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 2019 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 9 June 2020

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

Meraki Group Limited
Notes to the Accounts
for the year ended 31 December 2019

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.
Fixtures & fittings 18% Reducing Balance
Vehicles 18% Reducing Balance
Plant & machinery 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.
2. Profit or loss

Profit before tax is stated after charging the following:
2019
2018
£ £
Directors' remuneration 15,907 15,600

3. Tangible fixed assets
Fixtures & fittings Vehicles Plant & machinery Total
Cost or valuation £ £ £ £
At 1 January 2019 2,453 8,400 9,933 20,786
At 31 December 2019 2,453 8,400 9,933 20,786
Depreciation
At 1 January 2019 1,101 3,769 3,890 8,760
Charge for the period 243 834 1,088 2,165
At 31 December 2019 1,344 4,603 4,978 10,925
Net book value
At 31 December 2019 1,109 3,797 4,955 9,861
At 31 December 2018 1,352 4,631 6,043 12,026

4. Debtors
2019 2018
£ £
Trade debtors 24,393 81,328
24,393 81,328

5. Creditors: amounts falling due within one year
2019 2018
£ £
Bank Loans & Overdrafts 19,353 0
Trade creditors 44,776 55,510
Taxation & social security 1,065 9,573
65,194 65,083

6. Creditors: amounts falling due after one year
2019 2018
£ £
Trade creditors 0 77,000
Other 40,559 41,991
40,559 118,991