Meera K Group Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08174541

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 AUGUST 2019

FOR

MEERA K GROUP LTD

Page

Company information

1

Statement of financial position

2

Notes to the financial statements

4

DIRECTOR:

Miss M Khalfan

REGISTERED OFFICE:

2nd Floor, Romy House

163-167 Kings Road

Brentwood

Essex

CM14 4EG

REGISTERED NUMBER:

08174541

ACCOUNTANTS:

Plan-a Financials

2nd Floor, Romy House

163-167 Kings Road

Brentwood

Essex

CM14 4EG

FIXED ASSETS

Intangible assets

4

51,809

57,566

Tangible assets

5

28,047

29,657

Investments

6

100

100

79,956

87,323

CURRENT ASSETS

Debtors

7

33,095

45,281

Cash at bank

10,659

5,237

43,754

50,518

CREDITORS

Amounts falling due within one year

8

144,166

142,510

NET CURRENT LIABILITIES

(100,412

)

(91,992

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(20,456

)

(4,669

)

PROVISIONS FOR LIABILITIES

7,029

7,513

NET LIABILITIES

(27,485

)

(12,182

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(27,585

)

(12,282

)

SHAREHOLDERS' FUNDS

(27,485

)

(12,182

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 August 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2020 and were signed by:

Miss M Khalfan - Director

1.	STATUTORY INFORMATION

Meera K Group Ltd is a private company, limited by shares , registered in Not specified/Other. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of fifteen years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery 25% Reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 30 August 2018

and 29 August 2019

89,458

AMORTISATION

At 30 August 2018

31,892

Charge for year

5,757

At 29 August 2019

37,649

NET BOOK VALUE

At 29 August 2019

51,809

At 29 August 2018

57,566

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 30 August 2018

39,542

Additions

7,739

At 29 August 2019

47,281

DEPRECIATION

At 30 August 2018

9,885

Charge for year

9,349

At 29 August 2019

19,234

NET BOOK VALUE

At 29 August 2019

28,047

At 29 August 2018

29,657

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 30 August 2018

and 29 August 2019

100

NET BOOK VALUE

At 29 August 2019

100

At 29 August 2018

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

33,095

45,281

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

2,820

1,102

Other creditors

141,346

141,408

144,166

142,510