2023-01-012023-12-312023-12-31false04290160MERIDIAN INTERIORS 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MERIDIAN INTERIORS LIMITED

Registered Number
04290160
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

MERIDIAN INTERIORS LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

DAWSON, Paul Christopher

Registered Address

Whiteleaf Business Centre
11 Little Balmer
Buckingham
MK18 1TF

Registered Number

04290160 (England and Wales)
MERIDIAN INTERIORS LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets310,58510,576
10,58510,576
Current assets
Stocks445,2014,579
Debtors81,41159,640
Cash at bank and on hand127,71789,598
254,329153,817
Creditors amounts falling due within one year5(222,428)(125,574)
Net current assets (liabilities)31,90128,243
Total assets less current liabilities42,48638,819
Provisions for liabilities6(2,646)(2,010)
Net assets39,84036,809
Capital and reserves
Called up share capital118118
Share premium6,7326,732
Profit and loss account32,99029,959
Shareholders' funds39,84036,809
The financial statements were approved and authorised for issue by the Director on 29 February 2024, and are signed on its behalf by:
DAWSON, Paul Christopher
Director
Registered Company No. 04290160
MERIDIAN INTERIORS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
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.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment33
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year54
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 2314,75214,752
Additions4,7224,722
At 31 December 2319,47419,474
Depreciation and impairment
At 01 January 234,1764,176
Charge for year4,7134,713
At 31 December 238,8898,889
Net book value
At 31 December 2310,58510,585
At 31 December 2210,57610,576
4.Stocks

2023

2022

££
Raw materials and consumables150200
Work in progress45,0514,379
Total45,2014,579
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables65,46559,141
Taxation and social security68,50846,142
Accrued liabilities and deferred income88,45520,291
Total222,428125,574
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)2,6462,010
Total2,6462,010