IRIS Accounts Production v23.1.0.753 05591899 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure055918992022-03-31055918992023-03-31055918992022-04-012023-03-31055918992021-03-31055918992021-04-012022-03-31055918992022-03-3105591899ns16:EnglandWales2022-04-012023-03-3105591899ns15:PoundSterling2022-04-012023-03-3105591899ns11:Director12022-04-012023-03-3105591899ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3105591899ns11:SmallEntities2022-04-012023-03-3105591899ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3105591899ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3105591899ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3105591899ns11:FullAccounts2022-04-012023-03-3105591899ns6:CurrentFinancialInstruments2023-03-3105591899ns6:CurrentFinancialInstruments2022-03-3105591899ns6:ShareCapital2023-03-3105591899ns6:ShareCapital2022-03-3105591899ns6:CapitalRedemptionReserve2023-03-3105591899ns6:CapitalRedemptionReserve2022-03-3105591899ns6:RetainedEarningsAccumulatedLosses2023-03-3105591899ns6:RetainedEarningsAccumulatedLosses2022-03-3105591899ns11:RegisteredOffice2022-04-012023-03-3105591899ns6:PlantMachinery2022-04-012023-03-3105591899ns6:PlantMachinery2022-03-3105591899ns6:PlantMachinery2023-03-3105591899ns6:PlantMachinery2022-03-3105591899ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3105591899ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3105591899ns6:WithinOneYear2023-03-3105591899ns6:WithinOneYear2022-03-3105591899ns6:BetweenOneFiveYears2023-03-3105591899ns6:BetweenOneFiveYears2022-03-3105591899ns6:AllPeriods2023-03-3105591899ns6:AllPeriods2022-03-31
REGISTERED NUMBER: 05591899 (England and Wales)

















MERIDIAN BUILDING PLASTICS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






MERIDIAN BUILDING PLASTICS LIMITED (REGISTERED NUMBER: 05591899)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


MERIDIAN BUILDING PLASTICS LIMITED (REGISTERED NUMBER: 05591899)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,930 29,785

CURRENT ASSETS
Stocks 237,842 263,086
Debtors 5 66,777 64,416
Cash at bank and in hand 298,904 473,176
603,523 800,678
CREDITORS
Amounts falling due within one year 6 148,495 185,446
NET CURRENT ASSETS 455,028 615,232
TOTAL ASSETS LESS CURRENT
LIABILITIES

487,958

645,017

PROVISIONS FOR LIABILITIES 6,257 5,659
NET ASSETS 481,701 639,358

CAPITAL AND RESERVES
Called up share capital 17,427 46,000
Capital redemption reserve 32,573 4,000
Retained earnings 431,701 589,358
SHAREHOLDERS' FUNDS 481,701 639,358

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2023 and were signed by:





S Douglas - Director


MERIDIAN BUILDING PLASTICS LIMITED (REGISTERED NUMBER: 05591899)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Meridian Building Plastics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05591899

Registered office: Broad House
The Broadway
Old Hatfield
Herts
AL9 5BG

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The accounts have been prepared on a going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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, 20% on reducing balance, 10% on cost and over the term of the lease

Government grants
Government grants have been accounted for under the accrual model, recognised as other income against the period to which they relate.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


MERIDIAN BUILDING PLASTICS LIMITED (REGISTERED NUMBER: 05591899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit of loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 93,536
Additions 11,915
Disposals (6,250 )
At 31 March 2023 99,201
DEPRECIATION
At 1 April 2022 63,751
Charge for year 7,436
Eliminated on disposal (4,916 )
At 31 March 2023 66,271
NET BOOK VALUE
At 31 March 2023 32,930
At 31 March 2022 29,785

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,534 23,499
Other debtors 44,243 40,917
66,777 64,416

MERIDIAN BUILDING PLASTICS LIMITED (REGISTERED NUMBER: 05591899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 59,374 83,964
Taxation and social security 63,611 74,470
Other creditors 25,510 27,012
148,495 185,446

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 73,199 68,199
Between one and five years 177,020 250,219
250,219 318,418