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REGISTERED NUMBER: 10917439 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2023

for

Meadow Building Services Ltd

Meadow Building Services Ltd (Registered number: 10917439)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Meadow Building Services Ltd (Registered number: 10917439)

Balance Sheet
31st July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 107,533 34,219

CURRENT ASSETS
Debtors 5 92,865 42,600
Cash at bank 9,923 20,239
102,788 62,839
CREDITORS
Amounts falling due within one year 6 63,863 28,043
NET CURRENT ASSETS 38,925 34,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,458

69,015

CREDITORS
Amounts falling due after more than
one year

7

(113,508

)

(62,300

)

PROVISIONS FOR LIABILITIES (20,431 ) (6,502 )
NET ASSETS 12,519 213

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,419 113
SHAREHOLDERS' FUNDS 12,519 213

Meadow Building Services Ltd (Registered number: 10917439)

Balance Sheet - continued
31st July 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th December 2023 and were signed on its behalf by:




Mr G R Barlow - Director



Mr J P Lucas - Director


Meadow Building Services Ltd (Registered number: 10917439)

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

1. STATUTORY INFORMATION

Meadow Building Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10917439

Registered office: Lymedale Business Centre
Hooters Hall Road
Newcastle Under Lyme
Staffordshire
ST5 9QF

The presentation currency of the financial statements is the Pound Sterling (£).


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 net invoiced sales of goods and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

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 - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


Meadow Building Services Ltd (Registered number: 10917439)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st August 2022 5,282 44,812 489 50,583
Additions 405 87,099 - 87,504
At 31st July 2023 5,687 131,911 489 138,087
DEPRECIATION
At 1st August 2022 1,320 14,555 489 16,364
Charge for year 1,422 12,768 - 14,190
At 31st July 2023 2,742 27,323 489 30,554
NET BOOK VALUE
At 31st July 2023 2,945 104,588 - 107,533
At 31st July 2022 3,962 30,257 - 34,219

Meadow Building Services Ltd (Registered number: 10917439)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 59,446 21,393
Other debtors 33,419 21,207
92,865 42,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 3,424 3,342
Hire purchase contracts 24,641 8,936
Trade creditors 2,247 515
Taxation and social security 11,096 6,616
Other creditors 22,455 8,634
63,863 28,043

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 6,500 9,924
Hire purchase contracts 88,906 29,349
Other creditors 18,102 23,027
113,508 62,300

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Other loans 23,026 27,337

The loan is secured by a fixed and floating charge over the company's assets.

Meadow Building Services Ltd (Registered number: 10917439)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.7.23 31.7.22
£    £   
Mr G R Barlow
Balance outstanding at start of year 1,119 (10,080 )
Amounts advanced 39,649 27,240
Amounts repaid (45,834 ) (16,041 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,066 ) 1,119

Mr J P Lucas
Balance outstanding at start of year (2,441 ) 427
Amounts advanced 49,848 32,706
Amounts repaid (57,469 ) (35,574 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,062 ) (2,441 )

Loans to the directors have been provided interest free and have been repaid within nine months after the year end.