Company Registration No. 10255921 (England and Wales)
258 Merchandise Ltd
Unaudited accounts
for the year ended 31 August 2018
258 Merchandise Ltd
Unaudited accounts
Contents
258 Merchandise Ltd
Company Information
for the year ended 31 August 2018
Company Number
10255921 (England and Wales)
Registered Office
Suite 301, Churchill House
120 Bunns Lane
Mill Hill
London
NW7 2AS
Accountants
Platts
Suite 112, Churchill House
120 Bunns Lane
Mill Hill, London
NW7 2AS
258 Merchandise Ltd
Statement of financial position
as at
31 August 2018
Inventories
18,133
78,558
Cash at bank and in hand
111,457
59,485
Creditors: amounts falling due within one year
(8,345)
(39,748)
Net current assets
121,245
98,295
Net assets
121,245
98,295
Called up share capital
100
100
Profit and loss account
121,145
98,195
Shareholders' funds
121,245
98,295
For the year ending 31 August 2018 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 9 October 2018.
Mr A O O Joshua
Director
Company Registration No. 10255921
258 Merchandise Ltd
Notes to the Accounts
for the year ended 31 August 2018
258 Merchandise Ltd is a private company, limited by shares, registered in England and Wales, registration number 10255921. The registered office is Suite 301, Churchill House, 120 Bunns Lane, Mill Hill, London, NW7 2AS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Finished goods
18,133
78,558
5
Creditors: amounts falling due within one year
2018
2017
Amounts owed to group undertakings and other participating interests
-
301
Taxes and social security
6,051
35,655
Other creditors
2,294
1,292
258 Merchandise Ltd
Notes to the Accounts
for the year ended 31 August 2018
6
Share capital
2018
2017
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 3 (2017: 1).