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REGISTERED NUMBER: 08643513 (England and Wales)















Meridian Leisure & Entertainment Ltd

Financial Statements for the Year Ended 31st August 2023






Meridian Leisure & Entertainment Ltd (Registered number: 08643513)






Contents of the Financial Statements
for the Year Ended 31st August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Meridian Leisure & Entertainment Ltd

Company Information
for the Year Ended 31st August 2023







DIRECTORS: Mrs J Lafford
D W Lafford
S J Lafford
Mrs K A Taylor





REGISTERED OFFICE: 2 Dollar Street
Cirencester
Gloucestershire
GL7 2AJ





REGISTERED NUMBER: 08643513 (England and Wales)





ACCOUNTANTS: PWB Accountancy Services Ltd
Chartered Certified Accountants
Halt View
80 Chesterton Lane
Cirencester
Gloucestershire
GL7 1YD

Meridian Leisure & Entertainment Ltd (Registered number: 08643513)

Balance Sheet
31st August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,305 33,929

CURRENT ASSETS
Stocks 27,889 19,388
Debtors 5 18,262 12,482
Cash at bank 23,598 153,428
69,749 185,298
CREDITORS
Amounts falling due within one year 6 61,989 66,341
NET CURRENT ASSETS 7,760 118,957
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,065

152,886

CAPITAL AND RESERVES
Called up share capital 93 93
Retained earnings 41,972 152,793
SHAREHOLDERS' FUNDS 42,065 152,886

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

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

Meridian Leisure & Entertainment Ltd (Registered number: 08643513)

Balance Sheet - continued
31st August 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 2nd November 2023 and were signed on its behalf by:





S J Lafford - Director


Meridian Leisure & Entertainment Ltd (Registered number: 08643513)

Notes to the Financial Statements
for the Year Ended 31st August 2023

1. STATUTORY INFORMATION

Meridian Leisure & Entertainment 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 represents amounts receivable for sale of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Alterations to leasehold property - 4% on cost
Furniture and equipment - 20% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Alterations
to Furniture
leasehold and
property equipment Totals
£    £    £   
COST
At 1st September 2022 32,093 58,630 90,723
Additions - 5,399 5,399
At 31st August 2023 32,093 64,029 96,122
DEPRECIATION
At 1st September 2022 11,469 45,325 56,794
Charge for year 1,283 3,740 5,023
At 31st August 2023 12,752 49,065 61,817
NET BOOK VALUE
At 31st August 2023 19,341 14,964 34,305
At 31st August 2022 20,624 13,305 33,929

Meridian Leisure & Entertainment Ltd (Registered number: 08643513)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 18,262 12,482

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 20,000 -
Trade creditors 22,368 13,552
Tax 6,545 43,463
Social security and other taxes 261 377
VAT 799 6,869
Other creditors 7,071 136
Accrued expenses 4,945 1,944
61,989 66,341

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st August 2023 and 31st August 2022:

2023 2022
£    £   
J E Lafford
Balance outstanding at start of year - 8,889
Amounts repaid - (8,889 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs J Lafford
Balance outstanding at start of year - 7,111
Amounts repaid - (7,111 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -