Meraki Group Limited - Accounts

MERAKI GROUP LIMITED - Company Information

Meraki Group Limited 09607961 bed manufacturer. false 1 January 2017 09607961 2017-01-01 2017-12-31 09607961 2016-12-31 09607961 2017-12-31 09607961 2016-01-01 2016-12-31 09607961 2015-12-31 09607961 2016-12-31 09607961 frs102-bus:FRS102 2017-01-01 2017-12-31 09607961 frs102-bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 09607961 frs102-bus:FullAccounts 2017-01-01 2017-12-31 09607961 frs102-bus:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 09607961 frs102-core:CurrentFinancialInstruments 2017-12-31 09607961 frs102-core:CurrentFinancialInstruments 2016-12-31 09607961 frs102-core:Non-currentFinancialInstruments 2017-12-31 09607961 frs102-core:Non-currentFinancialInstruments 2016-12-31 09607961 frs102-core:ShareCapital 2017-12-31 09607961 frs102-core:ShareCapital 2016-12-31 09607961 frs102-core:RetainedEarningsAccumulatedLosses 2017-12-31 09607961 frs102-core:RetainedEarningsAccumulatedLosses 2016-12-31 09607961 frs102-bus:Director1 2017-01-01 2017-12-31 09607961 frs102-core:PlantMachinery 2017-01-01 2017-12-31 09607961 frs102-core:FurnitureFittings 2017-01-01 2017-12-31 09607961 frs102-core:Vehicles 2017-01-01 2017-12-31 09607961 frs102-core:PlantMachinery 2016-12-31 09607961 frs102-core:FurnitureFittings 2016-12-31 09607961 frs102-core:Vehicles 2016-12-31 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 2016-12-31 09607961 frs102-core:FurnitureFittings 2016-12-31 09607961 frs102-core:Vehicles 2016-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares

	Registered number
	09607961

	Meraki Group Limited
	Unaudited Accounts
	for the year ended
	31 December 2017

Meraki Group Limited Balance Sheet as at 31 December 2017
	Notes		2017 £		2016 £
Fixed assets
Tangible assets	4		12,375		15,166
			12,375		15,166

Current assets
Stocks		90,620		45,250
Debtors	5	16,596		98,183
Cash at bank and in hand		7,217		4,009
		114,433		147,442

Creditors: amounts falling due within one year	6	(89,629)		(155,648)

Net current assets / (liabilities)			24,804		(8,206)

Total assets less current liabilities			37,179		6,960

Creditors: amounts falling due after more than one year	7		(33,682)		(4,383)

Total net assets (liabilities)			3,497		2,577

Capital and reserves
Called up share capital			100		100
Profit and loss account			3,397		2,477
Shareholders' funds			3,497		2,577

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 2017 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 12 March 2018

Company No: 09607961 (England and Wales)

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.

Profit or loss
Profit before tax is stated after charging the following:	2017	2016
	£	£
Directors' remuneration	16,680	15,972

Taxation
	2017	2016
	£	£
UK Corporation Tax	351	1,644
Tax on profit/(loss) on ordinary activities	351	1,644

Tangible fixed assets
	Plant & machinery	Fixtures & fittings	Vehicles	Total
Cost or valuation	£	£	£	£
At 1 January 2017	7,642	2,453	8,400	18,495
At 31 December 2017	7,642	2,453	8,400	18,495
Depreciation
At 1 January 2017	1,375	442	1,512	3,329
Charge for the period	1,189	362	1,240	2,791
At 31 December 2017	2,564	804	2,752	6,120
Net book value
At 31 December 2017	5,078	1,649	5,648	12,375
At 31 December 2016	6,267	2,011	6,888	15,166

Debtors
	2017	2016
	£	£
Trade debtors	14,297	98,183
Other debtors	2,299	0
	16,596	98,183

Creditors: amounts falling due within one year
	2017	2016
	£	£
Trade creditors	77,000	139,498
Other creditors	12,629	16,150
	89,629	155,648

Creditors: amounts falling due after one year
	2017	2016
	£	£
Other	33,682	4,383
	33,682	4,383

Dividends
	2017	2016
	£	£
Total dividend payment	0	3,500