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REGISTERED NUMBER: 12681786 (England and Wales)















Unaudited Financial Statements

for the Period 1 July 2022 to 31 December 2023

for

Meon Valley Stone Trading Limited

Meon Valley Stone Trading Limited (Registered number: 12681786)






Contents of the Financial Statements
for the Period 1 July 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Meon Valley Stone Trading Limited

Company Information
for the Period 1 July 2022 to 31 December 2023







DIRECTOR: J T Cooper





REGISTERED OFFICE: Unit 15
Quay Lane Industrial Estate
Hardway
Gosport
Hampshire
PO12 4LJ





REGISTERED NUMBER: 12681786 (England and Wales)





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

Meon Valley Stone Trading Limited (Registered number: 12681786)

Balance Sheet
31 December 2023

31.12.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,947 40,365

CURRENT ASSETS
Stocks 3,686 59,413
Debtors 5 8,771 44,121
Cash at bank and in hand 8,341 15,147
20,798 118,681
CREDITORS
Amounts falling due within one year 6 192,281 205,544
NET CURRENT LIABILITIES (171,483 ) (86,863 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(147,536

)

(46,498

)

CREDITORS
Amounts falling due after more than one year 7 (559 ) (6,623 )

PROVISIONS FOR LIABILITIES (9,301 ) (7,669 )
NET LIABILITIES (157,396 ) (60,790 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (157,496 ) (60,890 )
(157,396 ) (60,790 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

Meon Valley Stone Trading Limited (Registered number: 12681786)

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 director and authorised for issue on 18 March 2024 and were signed by:





J T Cooper - Director


Meon Valley Stone Trading Limited (Registered number: 12681786)

Notes to the Financial Statements
for the Period 1 July 2022 to 31 December 2023

1. STATUTORY INFORMATION

Meon Valley Stone Trading 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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 period 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 period 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.

Meon Valley Stone Trading Limited (Registered number: 12681786)

Notes to the Financial Statements - continued
for the Period 1 July 2022 to 31 December 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.

Going concern
The financial statement for the year ended 30 June 2023 have been prepared on a going concern basis. In making this going concern assessment, all available information about the foreseeable future has been taken into account.

Despite net liabilities exceeding net assets for the year ended 30 June 20223 the director feels that as the majority of net liabilities are director's loan account, the going concern basis of preparation remains appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 42,812 17,495 283 60,590
Additions 39,720 - - 39,720
Disposals (43,041 ) - (80 ) (43,121 )
At 31 December 2023 39,491 17,495 203 57,189
DEPRECIATION
At 1 July 2022 12,450 7,654 121 20,225
Charge for period 10,664 3,690 76 14,430
Eliminated on disposal (1,393 ) - (20 ) (1,413 )
At 31 December 2023 21,721 11,344 177 33,242
NET BOOK VALUE
At 31 December 2023 17,770 6,151 26 23,947
At 30 June 2022 30,362 9,841 162 40,365

Meon Valley Stone Trading Limited (Registered number: 12681786)

Notes to the Financial Statements - continued
for the Period 1 July 2022 to 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2022
and 31 December 2023 17,495
DEPRECIATION
At 1 July 2022 7,654
Charge for period 3,690
At 31 December 2023 11,344
NET BOOK VALUE
At 31 December 2023 6,151
At 30 June 2022 9,841

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.6.22
£    £   
Trade debtors 1,245 19,452
Other debtors 7,526 24,669
8,771 44,121

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.6.22
£    £   
Hire purchase contracts 5,167 5,167
Trade creditors 24,265 96,512
Amounts owed to group undertakings 9,551 -
Taxation and social security 5,827 (3,272 )
Other creditors 147,471 107,137
192,281 205,544

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 30.6.22
£    £   
Hire purchase contracts 559 6,623

Meon Valley Stone Trading Limited (Registered number: 12681786)

Notes to the Financial Statements - continued
for the Period 1 July 2022 to 31 December 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 December 2023 and the year ended 30 June 2022:

31.12.23 30.6.22
£    £   
J T Cooper
Balance outstanding at start of period (69,735 ) (31,870 )
Amounts advanced 43,393 (40,115 )
Amounts repaid (123,190 ) 2,250
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (149,532 ) (69,735 )

9. RELATED PARTY DISCLOSURES

At the 31st of December 2023 the company owed the Director, Mr J T Cooper, £149,531.66 (30/06/2022: £69,734.83). This loan is interest free and payable on demand.

Meon Valley Aggregates Limited is a company under common control, during the year the company had the following transactions with them:


Debtor
(Creditor

)

Sales

Purchases

Meon Valley Aggregates Limited 0.00 40,573.67 25,513.13


10. ULTIMATE CONTROLLING PARTY

The controlling party is J T Cooper.