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Company Registration No. 12627178 (England and Wales)
S MEAD LTD Unaudited accounts for the year ended 31 May 2024
S MEAD LTD Unaudited accounts Contents
Page
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S MEAD LTD Company Information for the year ended 31 May 2024
Directors
Scott William Mead Emma Louise Mead
Company Number
12627178 (England and Wales)
Registered Office
166 COGGESHALL ROAD BRAINTREE CM7 9ER ENGLAND
Accountants
ST Accountancy Services Ltd Corner House Market Place Braintree Essex CM7 3HQ
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S MEAD LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
46,061 
59,181 
Current assets
Debtors
7,277 
8,878 
Cash at bank and in hand
1,543 
263 
8,820 
9,141 
Creditors: amounts falling due within one year
(3,513)
(56,628)
Net current assets/(liabilities)
5,307 
(47,487)
Total assets less current liabilities
51,368 
11,694 
Creditors: amounts falling due after more than one year
(39,507)
- 
Net assets
11,861 
11,694 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
11,860 
11,693 
Shareholders' funds
11,861 
11,694 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by
Scott William Mead Director Company Registration No. 12627178
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S MEAD LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
S MEAD LTD is a private company, limited by shares, registered in England and Wales, registration number 12627178. The registered office is 166 COGGESHALL ROAD, BRAINTREE, CM7 9ER, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Motor vehicles
20% Reducing Balance
Computer equipment
20% Straight Line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
31,372 
61,236 
2,085 
94,693 
Additions
- 
2,051 
- 
2,051 
At 31 May 2024
31,372 
63,287 
2,085 
96,744 
Depreciation
At 1 June 2023
13,916 
20,887 
709 
35,512 
Charge for the year
6,274 
8,480 
417 
15,171 
At 31 May 2024
20,190 
29,367 
1,126 
50,683 
Net book value
At 31 May 2024
11,182 
33,920 
959 
46,061 
At 31 May 2023
17,456 
40,349 
1,376 
59,181 
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S MEAD LTD Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
(2,541)
3,299 
Trade debtors
9,818 
5,579 
7,277 
8,878 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
21,815 
VAT
17 
- 
Trade creditors
674 
911 
Taxes and social security
1,203 
334 
Loans from directors
1,619 
33,568 
3,513 
56,628 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
39,507 
- 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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