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REGISTERED NUMBER: 03645415 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Meb Equipment Limited

Meb Equipment Limited (Registered number: 03645415)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Meb Equipment Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: E J Bolger





REGISTERED OFFICE: Pippins Cherry Drive
Forty Green
Beaconsfield
HP9 1XP





BUSINESS ADDRESS: Broadwater Lane
Harefield
Middlesex
UB9 4AH





REGISTERED NUMBER: 03645415 (England and Wales)





ACCOUNTANTS: Friends.Tax LLP
Pippins
Cherry Drive
Forty Green
Beaconsfield
Buckinghamshire
HP9 1XP

Meb Equipment Limited (Registered number: 03645415)

Balance Sheet
30 November 2023

30.11.23 30.11.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,259 46,217

CURRENT ASSETS
Stocks 32,500 30,000
Debtors 5 114,331 137,616
Cash at bank 2,972 34,180
149,803 201,796
CREDITORS
Amounts falling due within one year 6 126,062 176,838
NET CURRENT ASSETS 23,741 24,958
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,000

71,175

CREDITORS
Amounts falling due after more than one
year

7

29,050

63,098

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 9 19,000 19,000
Retained earnings 9 6,950 (11,923 )
SHAREHOLDERS' FUNDS 26,950 8,077
56,000 71,175

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

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

Meb Equipment Limited (Registered number: 03645415)

Balance Sheet - continued
30 November 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 21 August 2024 and were signed by:





E J Bolger - Director


Meb Equipment Limited (Registered number: 03645415)

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

1. STATUTORY INFORMATION

Meb Equipment 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
The financial statements have been prepared on a going concern basis which assumes the continued support of the bankers and creditors to the company.

Along with many other businesses, the company has had its challenges as a result of the global uncertainty and supply chain issues. Despite this, the Company remains profitable.

Whilst the same challenges remain, the director is confident that the company will continue to trade profitably and thus considers the going concern basis to be appropriate.

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 etc - 25% 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.

Financial instruments
Basic financial instruments, as covered by Section 11 of FRS 102, are measured at amortised cost. The company does not have any other financial instruments, as covered by Section 12 of FRS 102

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.

Meb Equipment Limited (Registered number: 03645415)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 124,985
DEPRECIATION
At 1 December 2022 78,768
Charge for year 13,958
At 30 November 2023 92,726
NET BOOK VALUE
At 30 November 2023 32,259
At 30 November 2022 46,217

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
as restated
£    £   
Trade debtors 107,859 128,155
Other debtors 6,472 9,461
114,331 137,616

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
as restated
£    £   
Bank loans and overdrafts 9,588 9,588
Trade creditors 70,465 104,221
Taxation and social security 5,213 14,252
Other creditors 40,796 48,777
126,062 176,838

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
as restated
£    £   
Bank loans 11,986 21,574
Other creditors 17,064 41,524
29,050 63,098

Meb Equipment Limited (Registered number: 03645415)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
as restated
£    £   
Bank loans 21,574 31,162
Other creditors 14,568 24,758
36,142 55,920

The Bank loan is secured by way of a fixed and floating charge over the assets of the company. The balance owing at the balance sheet date was £21,574 ( 2022 £31,162). Of this sum, £9,588 is considered to be repayable within one year (2022 £9,588).

Within other creditors, further finance totalling £14,458 (2022 £24,758 ) is secured by way of a personal guarantee given by the director. Of this sum, £10,300 is considered to be repayable within one year (2022 £10,300).

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 December 2022 3,727 19,000 22,727
Prior year adjustment (15,650 ) (15,650 )
(11,923 ) 7,077
Profit for the year 18,873 18,873
At 30 November 2023 6,950 19,000 25,950

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
as restated
£    £   
E J Bolger
Balance outstanding at start of year 9,461 -
Amounts advanced 4,389 9,461
Amounts repaid (9,461 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,389 9,461

Meb Equipment Limited (Registered number: 03645415)

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

11. RELATED PARTY DISCLOSURES

The director is also a director of MEB Equipment Limited incorporated in the Republic of Ireland.

During the period under review, the companies traded with each other selling machines and parts as required. All transactions are considered to be on normal commercial terms.

The Company provided management charges to the Irish entity during the year amounting to £14,804 (2022 £24,165).

The aggregate balance due from the Irish entity as at the balance sheet date was £23,718 ( 2022 £110,340)

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.