IRIS Accounts Production v23.2.0.158 07909315 Board of Directors Board of Directors 1.2.22 31.1.23 31.1.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure079093152022-01-31079093152023-01-31079093152022-02-012023-01-31079093152021-01-31079093152021-02-012022-01-31079093152022-01-3107909315ns16:EnglandWales2022-02-012023-01-3107909315ns15:PoundSterling2022-02-012023-01-3107909315ns11:Director12022-02-012023-01-3107909315ns11:Director22022-02-012023-01-3107909315ns11:PrivateLimitedCompanyLtd2022-02-012023-01-3107909315ns11:SmallEntities2022-02-012023-01-3107909315ns11:AuditExempt-NoAccountantsReport2022-02-012023-01-3107909315ns11:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3107909315ns11:SmallCompaniesRegimeForAccounts2022-02-012023-01-3107909315ns11:FullAccounts2022-02-012023-01-3107909315ns11:RegisteredOffice2022-02-012023-01-3107909315ns6:CurrentFinancialInstruments2023-01-3107909315ns6:CurrentFinancialInstruments2022-01-3107909315ns6:Non-currentFinancialInstruments2023-01-3107909315ns6:Non-currentFinancialInstruments2022-01-3107909315ns6:ShareCapital2023-01-3107909315ns6:ShareCapital2022-01-3107909315ns6:RetainedEarningsAccumulatedLosses2023-01-3107909315ns6:RetainedEarningsAccumulatedLosses2022-01-3107909315ns6:PlantMachinery2022-02-012023-01-3107909315ns6:MotorVehicles2022-02-012023-01-3107909315ns6:PlantMachinery2022-01-3107909315ns6:MotorVehicles2022-01-3107909315ns6:ComputerEquipment2022-01-3107909315ns6:ComputerEquipment2022-02-012023-01-3107909315ns6:PlantMachinery2023-01-3107909315ns6:MotorVehicles2023-01-3107909315ns6:ComputerEquipment2023-01-3107909315ns6:PlantMachinery2022-01-3107909315ns6:MotorVehicles2022-01-3107909315ns6:ComputerEquipment2022-01-31
REGISTERED NUMBER: 07909315 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Meres Electrical Services Ltd

Meres Electrical Services Ltd (Registered number: 07909315)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Meres Electrical Services Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: R Billing
Mrs A Billing





REGISTERED OFFICE: 5 Grasmere Avenue
Prenton
Merseyside
CH43 9SG





REGISTERED NUMBER: 07909315 (England and Wales)





ACCOUNTANTS: Cheryl Bostock & Company Accountants Limited
395-397 Woodchurch Road
Prenton
Birkenhead
Merseyside

Meres Electrical Services Ltd (Registered number: 07909315)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,415 13,475

CURRENT ASSETS
Stocks 10,000 12,000
Debtors 5 28,989 30,448
Cash at bank and in hand 18,639 16,553
57,628 59,001
CREDITORS
Amounts falling due within one year 6 42,825 38,394
NET CURRENT ASSETS 14,803 20,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,218

34,082

CREDITORS
Amounts falling due after more than one
year

7

7,527

11,066
NET ASSETS 18,691 23,016

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,591 22,916
18,691 23,016

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

Meres Electrical Services Ltd (Registered number: 07909315)

Balance Sheet - continued
31 January 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by:




R Billing - Director



Mrs A Billing - Director


Meres Electrical Services Ltd (Registered number: 07909315)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Meres Electrical Services 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 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.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

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

Meres Electrical Services Ltd (Registered number: 07909315)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 4,442 18,808 3,340 26,590
Additions - - 1,553 1,553
At 31 January 2023 4,442 18,808 4,893 28,143
DEPRECIATION
At 1 February 2022 3,569 8,229 1,317 13,115
Charge for year 131 2,645 837 3,613
At 31 January 2023 3,700 10,874 2,154 16,728
NET BOOK VALUE
At 31 January 2023 742 7,934 2,739 11,415
At 31 January 2022 873 10,579 2,023 13,475

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 28,989 30,448

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other loans 15,535 18,195
Trade creditors 12,150 5,396
Tax 5,025 5,787
Social security and other taxes 2,189 593
VAT 7,300 8,063
Directors' current accounts 626 360
42,825 38,394

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Hire purchase contracts 7,527 11,066