REGISTERED NUMBER: 06803226 (England and Wales)

A & F Memish Ltd

Unaudited Financial Statements for the Year Ended 31 March 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Memish

Mrs F Memish

SECRETARY:

Mr A Memish

REGISTERED OFFICE:

97 Judd Street

London

WC1H 9JG

REGISTERED NUMBER:

06803226 (England and Wales)

ACCOUNTANTS:

Chris Syrimis & Co

Chartered Certified Accountants

97 Judd Street

London

WC1H 9JG

FIXED ASSETS

Intangible assets

4

133,872

146,042

Tangible assets

5

11,221

10,698

145,093

156,740

CURRENT ASSETS

Stocks

6

2,250

1,975

Cash in hand

1,956

1,526

4,206

3,501

CREDITORS

Amounts falling due within one year

7

128,041

127,257

NET CURRENT LIABILITIES

(123,835

)

(123,756

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,258

32,984

CREDITORS

Amounts falling due after more than one year

8

(17,953

)

(31,310

)

PROVISIONS FOR LIABILITIES

(2,020

)

(1,027

)

NET ASSETS

1,285

647

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

1,185

547

SHAREHOLDERS' FUNDS

1,285

647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 July 2018 and were signed on its behalf by:

Mr A Memish - Director

1.	STATUTORY INFORMATION

A & F Memish Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

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.

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 etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

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

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 balance sheet date.

Deferred tax

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

the balance sheet 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 (2017 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

243,403

AMORTISATION

At 1 April 2017

97,361

Amortisation for year

12,170

At 31 March 2018

109,531

NET BOOK VALUE

At 31 March 2018

133,872

At 31 March 2017

146,042

5.	TANGIBLE FIXED ASSETS

Short

Plant and

leasehold

machinery

Totals

£

£

£

COST

At 1 April 2017

5,291

30,818

36,109

Additions

-

2,500

2,500

At 31 March 2018

5,291

33,318

38,609

DEPRECIATION

At 1 April 2017

-

25,411

25,411

Charge for year

-

1,977

1,977

At 31 March 2018

-

27,388

27,388

NET BOOK VALUE

At 31 March 2018

5,291

5,930

11,221

At 31 March 2017

5,291

5,407

10,698

6.

STOCKS

31/3/18

31/3/17

£

£

Stocks

2,250

1,975

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Bank loans and overdrafts

3,184

5,519

Trade creditors

713

1,943

Taxation and social security

5,629

6,149

Other creditors

118,515

113,646

128,041

127,257

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/18

31/3/17

£

£

Bank loans

17,953

31,310

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/18

31/3/17

£

£

Bank loans

17,953

31,310

The bank loan is secured by director's personal security provided to the bank.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/18

31/3/17

value:

£

£

100

Ordinary

£1

100

100