Registered number
08874503
Meadowside Fetcham Limited
Filleted Accounts
28 February 2023
Meadowside Fetcham Limited
Registered number: 08874503
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3 3
Current assets
Debtors 4 65,339 43,299
Cash at bank and in hand 93 3,293
65,432 46,592
Creditors: amounts falling due within one year 5 (56,112) (46,454)
Net current assets 9,320 138
Net assets 9,323 141
Capital and reserves
Called up share capital 81 81
Profit and loss account 9,242 60
Shareholders' funds 9,323 141
The director is 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 director acknowledges his 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.
P Feshareki
Director
Approved by the board on 2 November 2023
Meadowside Fetcham Limited
Notes to the Accounts
for the year ended 28 February 2023
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 March 2022 3,008
At 28 February 2023 3,008
Depreciation
At 1 March 2022 3,005
At 28 February 2023 3,005
Net book value
At 28 February 2023 3
At 28 February 2022 3
4 Debtors 2023 2022
£ £
Trade debtors 48,065 24,502
Other debtors 17,274 18,797
65,339 43,299
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 51,787 44,942
Other creditors 4,325 1,512
56,112 46,454
6 Other information
Meadowside Fetcham Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA71JS
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