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REGISTERED NUMBER: 00613766 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

HARRY MEYNELL LIMITED

HARRY MEYNELL LIMITED (REGISTERED NUMBER: 00613766)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARRY MEYNELL LIMITED

Company Information
for the year ended 31 December 2023







DIRECTORS: L Meynell
Mrs S L Melville





SECRETARY: L Meynell





REGISTERED OFFICE: Poppy's View
Welbury
NORTHALLERTON
North Yorkshire
DL6 2SE





REGISTERED NUMBER: 00613766 (England and Wales)





ACCOUNTANTS: King Hope
Chartered Accountants
31-33 Victoria Road
Darlington
Co. Durham
DL1 5SB

HARRY MEYNELL LIMITED (REGISTERED NUMBER: 00613766)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,397 84,082

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 3,482 3,652
Cash at bank and in hand 38,172 35,646
46,654 44,298
CREDITORS
Amounts falling due within one year 6 73,238 83,097
NET CURRENT LIABILITIES (26,584 ) (38,799 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,813

45,283

CREDITORS
Amounts falling due after more than one year 7 50,413 50,740
NET ASSETS/(LIABILITIES) 21,400 (5,457 )

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 16,400 (10,457 )
SHAREHOLDERS' FUNDS 21,400 (5,457 )

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

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

HARRY MEYNELL LIMITED (REGISTERED NUMBER: 00613766)

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 Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





L Meynell - Director


HARRY MEYNELL LIMITED (REGISTERED NUMBER: 00613766)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Harry Meynell 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 10% on cost
Motor vehicles - 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.

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.

HARRY MEYNELL LIMITED (REGISTERED NUMBER: 00613766)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase
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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 60,902 54,179 115,081
Additions - 56,609 56,609
Disposals - (47,519 ) (47,519 )
At 31 December 2023 60,902 63,269 124,171
DEPRECIATION
At 1 January 2023 7,685 23,314 30,999
Charge for year 5,784 7,553 13,337
Eliminated on disposal - (18,562 ) (18,562 )
At 31 December 2023 13,469 12,305 25,774
NET BOOK VALUE
At 31 December 2023 47,433 50,964 98,397
At 31 December 2022 53,217 30,865 84,082

The net book value of tangible fixed assets includes £ 49,533 (2022 - £ 28,957 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,250 2,000
VAT 1,008 1,151
Prepayments 1,224 501
3,482 3,652

HARRY MEYNELL LIMITED (REGISTERED NUMBER: 00613766)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,556 5,556
Loan - Mrs S Meynell 44,471 51,670
Hire purchase contracts 4,850 5,023
Trade creditors 11,243 13,858
Social security and other taxes 1,402 231
Accrued expenses 5,716 6,759
73,238 83,097

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 22,224 22,224
Bank loans more 5 yr by instal 11,224 17,225
Hire purchase contracts 16,965 11,291
50,413 50,740

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,224 17,225

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 21,815 16,314

9. OTHER FINANCIAL COMMITMENTS

A dividend of £500 for the year was declared on 16 September 2024. This is not provided in these accounts.