IRIS Accounts Production v23.2.0.158 08614777 director 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086147772022-07-31086147772023-07-31086147772022-08-012023-07-31086147772021-07-31086147772021-08-012022-07-31086147772022-07-3108614777ns10:Originalns15:EnglandWales2022-08-012023-07-3108614777ns14:PoundSterlingns10:Original2022-08-012023-07-3108614777ns10:Originalns10:Director12022-08-012023-07-3108614777ns10:Original2022-08-012023-07-3108614777ns10:Original2023-07-3108614777ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3108614777ns10:Originalns10:SmallEntities2022-08-012023-07-3108614777ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3108614777ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3108614777ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3108614777ns10:Originalns10:FullAccounts2022-08-012023-07-3108614777ns10:Originalns10:RegisteredOffice2022-08-012023-07-3108614777ns10:Original2022-07-3108614777ns10:Originalns5:CurrentFinancialInstruments2023-07-3108614777ns10:Originalns5:CurrentFinancialInstruments2022-07-3108614777ns10:Originalns5:Non-currentFinancialInstruments2023-07-3108614777ns10:Originalns5:Non-currentFinancialInstruments2022-07-3108614777ns5:ShareCapitalns10:Original2023-07-3108614777ns5:ShareCapitalns10:Original2022-07-3108614777ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3108614777ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3108614777ns10:Originalns5:PlantMachinery2022-08-012023-07-3108614777ns10:Originalns5:FurnitureFittings2022-08-012023-07-3108614777ns10:Originalns5:MotorVehicles2022-08-012023-07-3108614777ns10:Originalns5:ComputerEquipment2022-08-012023-07-3108614777ns10:Original2021-08-012022-07-3108614777ns10:Originalns5:PlantMachinery2022-07-3108614777ns10:Originalns5:FurnitureFittings2022-07-3108614777ns10:Originalns5:MotorVehicles2022-07-3108614777ns10:Originalns5:ComputerEquipment2022-07-3108614777ns10:Original2022-07-3108614777ns10:Originalns5:PlantMachinery2023-07-3108614777ns10:Originalns5:FurnitureFittings2023-07-3108614777ns10:Originalns5:MotorVehicles2023-07-3108614777ns10:Originalns5:ComputerEquipment2023-07-3108614777ns10:Originalns5:PlantMachinery2022-07-3108614777ns10:Originalns5:FurnitureFittings2022-07-3108614777ns10:Originalns5:MotorVehicles2022-07-3108614777ns10:Originalns5:ComputerEquipment2022-07-3108614777ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3108614777ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3108614777ns10:Original1ns10:Director12022-07-3108614777ns10:Original1ns10:Director12021-07-3108614777ns10:Original1ns10:Director12022-08-012023-07-3108614777ns10:Original1ns10:Director12021-08-012022-07-3108614777ns10:Original1ns10:Director12023-07-3108614777ns10:Original1ns10:Director12022-07-31
REGISTERED NUMBER: 08614777 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Meads Roofing Limited

Meads Roofing Limited (Registered number: 08614777)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Meads Roofing Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: O Hall





REGISTERED OFFICE: 64 South Road
Horndean
Waterlooville
Hampshire
PO8 0EP





REGISTERED NUMBER: 08614777 (England and Wales)





ACCOUNTANTS: AM-PM Accounting Solutions Limited
Building 6000
Langstone Technology Park
Langstone Road
Havant
Hampshire
PO9 1SA

Meads Roofing Limited (Registered number: 08614777)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,710 23,107

CURRENT ASSETS
Stocks 400 400
Debtors 5 57,066 28,297
Cash at bank 13,056 50,940
70,522 79,637
CREDITORS
Amounts falling due within one year 6 40,138 63,722
NET CURRENT ASSETS 30,384 15,915
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,094

39,022

CREDITORS
Amounts falling due after more than one
year

7

(56,918

)

(25,676

)

PROVISIONS FOR LIABILITIES (12,786 ) (4,390 )
NET ASSETS 22,390 8,956

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 22,287 8,853
SHAREHOLDERS' FUNDS 22,390 8,956

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Meads Roofing Limited (Registered number: 08614777)

Balance Sheet - continued
31 July 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 director and authorised for issue on 2 February 2024 and were signed by:





O Hall - Director


Meads Roofing Limited (Registered number: 08614777)

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

1. STATUTORY INFORMATION

Meads Roofing 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Meads Roofing Limited (Registered number: 08614777)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 6,683 446 65,842 3,985 76,956
Additions 775 1,050 55,950 2,361 60,136
Disposals - (446 ) - (825 ) (1,271 )
At 31 July 2023 7,458 1,050 121,792 5,521 135,821
DEPRECIATION
At 1 August 2022 4,459 280 46,715 2,395 53,849
Charge for year 750 263 18,770 1,166 20,949
Eliminated on disposal - (280 ) - (407 ) (687 )
At 31 July 2023 5,209 263 65,485 3,154 74,111
NET BOOK VALUE
At 31 July 2023 2,249 787 56,307 2,367 61,710
At 31 July 2022 2,224 166 19,127 1,590 23,107

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 54,959 28,297
Other debtors 2,107 -
57,066 28,297

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 9,402 7,521
Trade creditors 5,392 3,825
Taxation and social security 17,538 44,624
Other creditors 7,806 7,752
40,138 63,722

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 17,087 22,034
Hire purchase contracts 39,831 3,642
56,918 25,676

Meads Roofing Limited (Registered number: 08614777)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.7.23 31.7.22
£    £   
O Hall
Balance outstanding at start of year (335 ) 38,338
Amounts advanced (6,154 ) 93,065
Amounts repaid 3,325 (131,738 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,164 ) (335 )

This loan was not overdrawn and was provided interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is O Hall.