MERIDIAN WORK SURFACES LIMITED

Company Registration Number:
07171225 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

MERIDIAN WORK SURFACES LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

MERIDIAN WORK SURFACES LIMITED

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 539,328 492,209
Total fixed assets: 539,328 492,209
Current assets
Stocks: 1,051,345 1,018,204
Debtors:   542,446 474,068
Cash at bank and in hand: 485 1,119
Total current assets: 1,594,276 1,493,391
Creditors: amounts falling due within one year: 4 (1,117,296) (1,042,989)
Net current assets (liabilities): 476,980 450,402
Total assets less current liabilities: 1,016,308 942,611
Creditors: amounts falling due after more than one year: 5 (391,364) (385,181)
Total net assets (liabilities): 624,944 557,430
Capital and reserves
Called up share capital: 2,000 2,000
Profit and loss account: 622,944 555,430
Shareholders funds: 624,944 557,430

The notes form part of these financial statements

MERIDIAN WORK SURFACES LIMITED

Balance sheet statements

For the year ending 28 February 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 October 2023
and signed on behalf of the board by:

Name: Paul Bedford
Status: Director

The notes form part of these financial statements

MERIDIAN WORK SURFACES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible fixed assets and depreciation policy

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:Plant & machinery 10% p.a. on a reducing balance basisFixtures & Fittings 20% p.a. on a reducing balance basisMotor vehicles - 20% p.a. on a reducing balance basis from month of purchase.

Other accounting policies

Stocks:Stocks and work in progress have beenvalued by a Director at the lower of cost an dnet realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and a proportion of fixed and variable overheads,

MERIDIAN WORK SURFACES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 33 28

MERIDIAN WORK SURFACES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 782,133
Additions 254,395
Disposals (159,553)
At 28 February 2023 876,975
Depreciation
At 01 March 2022 289,924
Charge for year 63,679
On disposals (15,956)
At 28 February 2023 337,647
Net book value
At 28 February 2023 539,328
At 28 February 2022 492,209

MERIDIAN WORK SURFACES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

Bank loans and overdrafts 241,479VAT 47,212Hire Purchase Contracts. 80,911Trade creditors 540,050Taxes & Social Security. 189,295Other creditors 13,852Loans from Directors 3,947Accruals 550

MERIDIAN WORK SURFACES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Creditors: amounts falling due after more than one year note

Bank Loans 147,364Hire Purchase 244,000

MERIDIAN WORK SURFACES LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

6. Related party transactions

Name of the related party: Aire Valley Worktops Limited
Relationship:
Associated by common ownership
Description of the Transaction: intercompany transactions
£
Balance at 01 March 2022 14,900
Balance at 28 February 2023 45,400
Name of the related party: Granite Worktops of York limited
Relationship:
Associated by common ownership
Description of the Transaction: management charges
£
Balance at 01 March 2022 25,759
Balance at 28 February 2023 53,958
Name of the related party: First For Leasing Limited
Relationship:
Associated by common ownership
Description of the Transaction: Management Fees
£
Balance at 01 March 2022 44,727
Balance at 28 February 2023 29,727