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REGISTERED NUMBER: 02149944 (England and Wales)



















Financial Statements

for the Year Ended 31 December 2023

for

Meadow Group Services Limited

Meadow Group Services Limited (Registered number: 02149944)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Meadow Group Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G R Robson
I E Marshall



REGISTERED OFFICE: 12 Chequers Road
West Meadows Industrial Estate
Derby
DE21 6EN



REGISTERED NUMBER: 02149944 (England and Wales)



AUDITORS: Bates Weston Audit Ltd
Statutory Auditors
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ



BANKERS: Bank of Scotland
33 Old Broad Street
London
BX2 1LB



SOLICITORS: Browne Jacobson LLP
Castle Meadow Road
Nottingham
NG2 1BJ

Meadow Group Services Limited (Registered number: 02149944)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,284 56,588

CURRENT ASSETS
Debtors 5 19,315 22,246
Cash at bank 1,145,410 985,646
1,164,725 1,007,892
CREDITORS
Amounts falling due within one year 6 266,010 276,317
NET CURRENT ASSETS 898,715 731,575
TOTAL ASSETS LESS CURRENT
LIABILITIES

903,999

788,163

PROVISIONS FOR LIABILITIES 7 1,121 13,918
NET ASSETS 902,878 774,245

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 902,778 774,145
SHAREHOLDERS' FUNDS 902,878 774,245

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





I E Marshall - Director


Meadow Group Services Limited (Registered number: 02149944)

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

1. STATUTORY INFORMATION

Meadow Group Services 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 represents the amounts (excluding value added tax) derived from the provision of services to group companies during the year and finance commissions receivable. Services are accounted for in the year in which the services are provided.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment loss. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on all fixed assets to write off the cost less the estimated residual value in annual instalments over their estimated useful lives as follows:-

Motor vehicles- 25% on cost
Computer equipment- 25% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the profit and loss account.

Deferred tax
Deferred tax arises from timing differences that are differences between taxable total profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences and losses can be deducted.

Provision is made at current rates of taxation deferred in respect of all material timing differences.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense when they fall due. Amounts not paid are shown in accruals in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

Meadow Group Services Limited (Registered number: 02149944)

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

2. ACCOUNTING POLICIES - continued

Related parties
The company is a wholly owned subsidiary undertaking of Pentagon Investments Limited. The company has taken advantage of the exemption contained within Section 1A "Small Entities" of Financial Reporting Standard 102 and has therefore not disclosed transactions with entities which form part of the group, other than as normally disclosed in the notes to the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 60,722 23,054 83,776
Disposals (60,722 ) - (60,722 )
At 31 December 2023 - 23,054 23,054
DEPRECIATION
At 1 January 2023 15,181 12,007 27,188
Charge for year 8,855 5,763 14,618
Eliminated on disposal (24,036 ) - (24,036 )
At 31 December 2023 - 17,770 17,770
NET BOOK VALUE
At 31 December 2023 - 5,284 5,284
At 31 December 2022 45,541 11,047 56,588

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 469 4,893
Prepayments 18,846 17,353
19,315 22,246

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 206,954 235,463
Tax 52,043 29,000
Social security and other taxes 1,825 2,677
Other creditors 5,188 9,177
266,010 276,317

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,121 13,918

Meadow Group Services Limited (Registered number: 02149944)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 13,918
Utilised during year (12,797 )
Balance at 31 December 2023 1,121

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Neal FCA CTA (Senior Statutory Auditor)
for and on behalf of Bates Weston Audit Ltd

9. OTHER FINANCIAL COMMITMENTS

The company has an undertaking to its bankers for full group security incorporating debentures and corporate guarantees for the group's borrowings. The net amount outstanding to the bank in respect of this undertaking at 31 December 2023 was £Nil (2022: £Nil).

10. ULTIMATE PARENT COMPANY

The company's immediate and ultimate parent undertaking is Pentagon Investments Limited, which prepares group financial statements. The registered office of Pentagon Investments Limited is 12 Chequers Road, West Meadows Industrial Estate, Derby, DE21 6EN. Copies of the consolidated financial statements of Pentagon Investments Limited are available from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.