IRIS Accounts Production v23.4.0.336 04405619 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044056192022-12-31044056192023-12-31044056192023-01-012023-12-31044056192022-03-31044056192022-04-012022-12-31044056192022-12-3104405619ns15:EnglandWales2023-01-012023-12-3104405619ns14:PoundSterling2023-01-012023-12-3104405619ns10:Director12023-01-012023-12-3104405619ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104405619ns10:SmallEntities2023-01-012023-12-3104405619ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104405619ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104405619ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104405619ns10:FullAccounts2023-01-012023-12-310440561912023-01-012023-12-3104405619ns10:Director22023-01-012023-12-3104405619ns10:Director32023-01-012023-12-3104405619ns10:RegisteredOffice2023-01-012023-12-3104405619ns5:CurrentFinancialInstruments2023-12-3104405619ns5:CurrentFinancialInstruments2022-12-3104405619ns5:ShareCapital2023-12-3104405619ns5:ShareCapital2022-12-3104405619ns5:RetainedEarningsAccumulatedLosses2023-12-3104405619ns5:RetainedEarningsAccumulatedLosses2022-12-3104405619ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104405619ns5:PlantMachinery2023-01-012023-12-3104405619ns5:NetGoodwill2022-12-3104405619ns5:NetGoodwill2023-12-3104405619ns5:NetGoodwill2022-12-3104405619ns5:PlantMachinery2022-12-3104405619ns5:PlantMachinery2023-12-3104405619ns5:PlantMachinery2022-12-3104405619ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104405619ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 04405619 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MERIDIAN LIFTS LIMITED

MERIDIAN LIFTS LIMITED (REGISTERED NUMBER: 04405619)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MERIDIAN LIFTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: A Tomlin
C Tomlin
S Tomlin





REGISTERED OFFICE: Seaforth House
176 Bournemouth Road
Parkstone
Poole
Dorset
BH14 9HA





REGISTERED NUMBER: 04405619 (England and Wales)





ACCOUNTANTS: Enhance
Chartered Accountants & Business Advisers
38 Middlehill Road
Wimborne
Dorset
BH21 2SE

MERIDIAN LIFTS LIMITED (REGISTERED NUMBER: 04405619)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 30,521 14,467
30,521 14,467

CURRENT ASSETS
Stocks 198,085 180,127
Debtors 6 179,603 152,986
Prepayments and accrued income 57,423 64,396
Cash at bank 137,524 213,450
572,635 610,959
CREDITORS
Amounts falling due within one year 7 417,018 478,844
NET CURRENT ASSETS 155,617 132,115
TOTAL ASSETS LESS CURRENT LIABILITIES 186,138 146,582

PROVISIONS FOR LIABILITIES 7,620 3,604
NET ASSETS 178,518 142,978

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 178,418 142,878
SHAREHOLDERS' FUNDS 178,518 142,978

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 LIFTS LIMITED (REGISTERED NUMBER: 04405619)

BALANCE SHEET - continued
31 December 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 26 March 2024 and were signed on its behalf by:





A Tomlin - Director


MERIDIAN LIFTS LIMITED (REGISTERED NUMBER: 04405619)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Meridian Lifts Limited 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 invoiced value of goods and services net of VAT, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance and 15% 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.

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.

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.

MERIDIAN LIFTS LIMITED (REGISTERED NUMBER: 04405619)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 15,000
AMORTISATION
At 1 January 2023
and 31 December 2023 15,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 83,169
Additions 22,262
At 31 December 2023 105,431
DEPRECIATION
At 1 January 2023 68,702
Charge for year 6,208
At 31 December 2023 74,910
NET BOOK VALUE
At 31 December 2023 30,521
At 31 December 2022 14,467

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 158,493 136,876
Other debtors 21,110 16,110
179,603 152,986

MERIDIAN LIFTS LIMITED (REGISTERED NUMBER: 04405619)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 123,254 186,863
Taxation and social security 77,220 47,515
Other creditors 216,544 244,466
417,018 478,844

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Tomlin.