Registered number 12282096 MEEDSI Report and Accounts 31 October 2022 ## **MEEDSI Report and accounts Contents** ||**Page**| |---|---| |Company information|1| |Directors' report|2| |Accountants' report|3| |Profit and loss account|4| |Balance sheet|5| |Statement of changes in equity|6| |Notes to the accounts|7| ## **MEEDSI Company Information** ## **Directors** Kandiah Kirupainathan Navaratnasingham Vathanan Jeyaraj Kulasekaram ## **Accountants** IYKONS 14 Elm Road Chessington Surrey United Kingdom KT9 1AW ## **Registered office** 14 Elm Road Chessington Surrey United Kingdom KT9 1AW **Registered number** 12282096 1 **MEEDSI Registered number: 12282096 Directors' Report** The directors present their report and accounts for the year ended 31 October 2022. ## **Principal activities** The company's principal activity during the year continued to be other social work activities without accommodation not elsewhere classified. ## **Directors** The following persons served as directors during the year: Kandiah Kirupainathan Navaratnasingham Vathanan Jeyaraj Kulasekaram ## **Small company provisions** This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. This report was approved by the board on 26 July 2023 and signed on its behalf. Kandiah Kirupainathan Director 2 ## **MEEDSI Accountants' Report** ## **Accountants' report to the directors of MEEDSI** You consider that the company is exempt from an audit for the year ended 31 October 2022. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. IYKONS Chartered Management Accountants 14 Elm Road Chessington Surrey United Kingdom KT9 1AW 26 July 2023 3 ## **MEEDSI** ## **Profit and Loss Account for the year ended 31 October 2022** |**Turnover**
Cost of sales
**Gross profit**
Other operating income
**Operating profit**
**Profit before taxation**
Tax on profit
**Profit for the financial year**|**2022**
**£**
24,220
(16,004)
8,216
9,480
17,696
17,696
-
17,696|**2021**
**£**
16,369
(15,079)
1,290
-
1,290
1,290
(245)
1,045| |---|---|---| 4 **MEEDSI** ## **Registered number:** 12282096 **Balance Sheet as at 31 October 2022** |**Notes**
**Current assets**
Debtors
2
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
3
**Net current assets**
**Total assets less current**
**liabilities**
**Net assets**
**Capital and reserves**
Profit and loss account
**Shareholders' funds**|**2022**
**£**
9,480
9,656
19,136
(274)
18,862
18,862
18,862
18,862
18,862|**2021**
**£**
-
3,040
3,040
(1,874)
1,166
1,166
1,166
1,166
1,166| |---|---|---| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. Kandiah Kirupainathan Director Approved by the board on 26 July 2023 5 ## **MEEDSI Statement of Changes in Equity for the year ended 31 October 2022** |**At 1 November 2020**
Profit for the financial year
Total comprehensive income for the
financial year
**At 31 October 2021**
**At 31 October 2021 as restated**
**At 1 November 2021**
Profit for the financial year
Total comprehensive income for the
financial year
**At 31 October 2022**|**Profit**
**and loss**
**account**
**£**
121
1,045
1,045
1,166
1,166
1,166
17,696
17,696
18,862|**Total**
**£**
121
1,045
1,045
1,166
1,166
1,166
17,696
17,696
18,862| |---|---|---| 6 **MEEDSI Notes to the Accounts for the year ended 31 October 2022** ## **1 Accounting policies** ## _**Basis of preparation**_ The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). ## _**Turnover**_ Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. ## _**Debtors**_ Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. ## _**Creditors**_ Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. ## _**Taxation**_ A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |**2**
**Debtors**
Trade debtors|**2022**
**£**
9,480
9,480|**2021**
**£**
-
-| |---|---|---| 7 ## **MEEDSI** **Notes to the Accounts for the year ended 31 October 2022** |**3**
**Creditors: amounts falling due within one year**
Taxation and social security costs
Other creditors|**2022**
**£**
274
-
274|**2021**
**£**
274
1,600
1,874| |---|---|---| ## **4 Other information** MEEDSI is a private company limited by guarantee and incorporated in England. Its registered office is: 14 Elm Road Chessington Surrey United Kingdom KT9 1AW 8 ## **MEEDSI** ## **Detailed profit and loss account for the year ended 31 October 2022** _This schedule does not form part of the statutory accounts_ |**Sales**
Cost of sales
**Gross profit**
**Operating profit**
**Profit before tax**|**2022**
**£**
24,220
(16,004)
8,216
17,696
17,696|**2021**
**£**
16,369
(15,079)
1,290
1,290
1,290| |---|---|---| 9 ## **MEEDSI** ## **Detailed profit and loss account for the year ended 31 October 2022** _This schedule does not form part of the statutory accounts_ |**Sales**
Sales
**Cost of sales**
Purchases
**Other operating income**
Gift Aid Claims|**2022**
**£**
24,220
24,220
16,004
16,004
9,480
9,480|**2021**
**£**
16,369
16,369
15,079
15,079
-
-| |---|---|---| 10