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REGISTERED NUMBER: 03407569 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Meterpark Limited

Meterpark Limited (Registered number: 03407569)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Meterpark Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: E W Billington
I E Billington
R W Billington
M Baker





REGISTERED OFFICE:
5 Kings Road
Flitwick
Bedfordshire
MK45 1ED





REGISTERED NUMBER: 03407569 (England and Wales)





ACCOUNTANTS: Godfrey Laws & Co. Limited
1 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

Meterpark Limited (Registered number: 03407569)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 9,167
Tangible assets 5 213,633 156,350
213,633 165,517

CURRENT ASSETS
Stocks 766,231 516,892
Debtors 6 312,194 420,802
Cash at bank and in hand 901,762 648,403
1,980,187 1,586,097
CREDITORS
Amounts falling due within one year 7 1,186,763 806,597
NET CURRENT ASSETS 793,424 779,500
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,007,057

945,017

CREDITORS
Amounts falling due after more than one
year

8

(56,513

)

(51,949

)

PROVISIONS FOR LIABILITIES (31,442 ) (16,855 )
NET ASSETS 919,102 876,213

CAPITAL AND RESERVES
Called up share capital 76 76
Retained earnings 919,026 876,137
SHAREHOLDERS' FUNDS 919,102 876,213

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

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

Meterpark Limited (Registered number: 03407569)

Balance Sheet - continued
30 September 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 4 April 2024 and were signed on its behalf by:





I E Billington - Director


Meterpark Limited (Registered number: 03407569)

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

1. STATUTORY INFORMATION

Meterpark 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.

Goodwill
Goodwill, being the amount paid with the acquisition of a business in 2014 and 2018, is being amortised evenly over its estimated life of five years.

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 on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Plant and equipment 15 - 25% reducing balance
Motor vehicles 30% reducing balance
Office equipment 15% reducing balance
Computer equipment 25% straight line

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.

Meterpark Limited (Registered number: 03407569)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 29 (2022 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 252,000
AMORTISATION
At 1 October 2022 242,833
Charge for year 9,167
At 30 September 2023 252,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 9,167

Meterpark Limited (Registered number: 03407569)

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

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 55,824 330,982 44,183 430,989
Additions 15,861 96,871 17,915 130,647
Disposals - (74,457 ) (3,439 ) (77,896 )
At 30 September 2023 71,685 353,396 58,659 483,740
DEPRECIATION
At 1 October 2022 47,112 201,130 26,397 274,639
Charge for year 3,705 46,004 8,571 58,280
Eliminated on disposal - (59,373 ) (3,439 ) (62,812 )
At 30 September 2023 50,817 187,761 31,529 270,107
NET BOOK VALUE
At 30 September 2023 20,868 165,635 27,130 213,633
At 30 September 2022 8,712 129,852 17,786 156,350

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2022 108,477
Additions 61,109
At 30 September 2023 169,586
DEPRECIATION
At 1 October 2022 36,122
Charge for year 32,082
At 30 September 2023 68,204
NET BOOK VALUE
At 30 September 2023 101,382
At 30 September 2022 72,355

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 276,426 387,886
Other debtors 35,768 32,916
312,194 420,802

Meterpark Limited (Registered number: 03407569)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 26,260 28,563
Trade creditors 659,093 418,784
Taxation and social security 42,066 84,305
Other creditors 449,344 264,945
1,186,763 806,597

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 20,000 30,000
Hire purchase contracts 36,513 21,949
56,513 51,949

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Hire purchase contracts 62,773 50,512

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.