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REGISTERED NUMBER: 08558082 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 June 2023

for

Meeco Ltd

Meeco Ltd (Registered number: 08558082)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Meeco Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: D Mee
E Mee
M Mee





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicestershire
LE19 1WP





REGISTERED NUMBER: 08558082 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Meeco Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Meeco Ltd for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Meeco Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Meeco Ltd and state those matters that we have agreed to state to the Board of Directors of Meeco Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Meeco Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Meeco Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Meeco Ltd. You consider that Meeco Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Meeco Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


22 November 2023

Meeco Ltd (Registered number: 08558082)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 11,500
Tangible assets 5 190,921 98,770
190,921 110,270

CURRENT ASSETS
Stocks 45,000 20,792
Debtors 6 5,494 4,494
Cash at bank 202,656 323,750
253,150 349,036
CREDITORS
Amounts falling due within one year 7 94,410 204,866
NET CURRENT ASSETS 158,740 144,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

349,661

254,440

CREDITORS
Amounts falling due after more than
one year

8

(37,548

)

(47,797

)

PROVISIONS FOR LIABILITIES (47,774 ) (24,241 )
NET ASSETS 264,339 182,402

Meeco Ltd (Registered number: 08558082)

Balance Sheet - continued
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 264,338 182,401
264,339 182,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 22 November 2023 and were signed on its behalf by:





D Mee - Director


Meeco Ltd (Registered number: 08558082)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Meeco 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 the value of services provided under contracts excluding value added tax to the extent that there is a right to consideration and is recorded at the value of consideration due. Where a contract has only be partly completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, at 2015 the remaining goodwill is being amortised evenly over its remaining life of ten years.

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% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Work in progress is valued based on ongoing contracts at the year end.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Assets purchased under hire purchase contracts are capitalised on the balance sheet and the liability included in creditors. Interest payable on the liability is charged to the profit and loss account.

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.

Meeco Ltd (Registered number: 08558082)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 115,000
AMORTISATION
At 1 July 2022 103,500
Amortisation for year 11,500
At 30 June 2023 115,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 11,500

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 115,023 122,008 2,169 239,200
Additions 80,569 59,445 1,571 141,585
Disposals - (25,000 ) - (25,000 )
At 30 June 2023 195,592 156,453 3,740 355,785
DEPRECIATION
At 1 July 2022 43,186 96,701 543 140,430
Charge for year 22,861 19,705 936 43,502
Eliminated on disposal - (19,068 ) - (19,068 )
At 30 June 2023 66,047 97,338 1,479 164,864
NET BOOK VALUE
At 30 June 2023 129,545 59,115 2,261 190,921
At 30 June 2022 71,837 25,307 1,626 98,770

Meeco Ltd (Registered number: 08558082)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors - 500
Prepayments and accrued income 5,494 3,994
5,494 4,494

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 10,015 9,767
Hire purchase contracts (see note 9) 20,320 10,476
Trade creditors 35,150 17,780
Corporation tax 3,654 22,755
Social security and other taxes 3,451 2,471
VAT 17,032 70,798
Other creditors 3,157 47,348
Net wages 240 -
Directors' current accounts 1,391 23,471
94,410 204,866

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans - 1-2 years 10,268 10,015
Bank loans - 2-5 years 9,640 19,908
Hire purchase contracts (see note 9) 17,640 17,874
37,548 47,797

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.6.23 30.6.22
£    £   
Net obligations repayable:
Within one year 20,320 10,476
Between one and five years 17,640 17,874
37,960 28,350

Meeco Ltd (Registered number: 08558082)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 29,923 39,690
Hire purchase contracts 37,960 28,350
67,883 68,040

The bank loans are secured on the assets owned by the company.
The hire purchase creditor is secured on the assets to which it relates.

11. CALLED UP SHARE CAPITAL

Allocated, issued and fully
paid:


Number:

Class:

Nominal
value:


30.6.23

30.6.22
£ £
75 Ordinary 1p 0.75 0.75
25 Ordinary A 1p 0.25 0.25
1 1