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Company Registration No. 10416277 (England and Wales)
Meade Heating Ltd Unaudited accounts for the year ended 31 October 2023
Meade Heating Ltd Unaudited accounts Contents
Page
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Meade Heating Ltd Company Information for the year ended 31 October 2023
Director
Mr R Meade
Company Number
10416277 (England and Wales)
Registered Office
Unit 29, Loughborough technology Centre, Epinal Way Loughborough Leicestershire LE11 3GE United Kingdom
Accountants
Amsden Young Ltd Loughborough Technology Centre Unit 29, Epinal Way Loughborough Leicestershire LE11 3GE
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Meade Heating Ltd for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Meade Heating Ltd for the year ended 31 October 2023 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Meade Heating Ltd, as a body, in accordance with the terms of our engagement letter dated 25 July 2019. Our work has been undertaken solely to prepare for your approval the accounts of Meade Heating Ltd and state those matters that we have agreed to state to the Board of Directors of Meade Heating Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Meade Heating Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Meade Heating Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Meade Heating Ltd. You consider that Meade Heating Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Meade Heating Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Amsden Young Ltd Chartered Certified Accountants Loughborough Technology Centre Unit 29, Epinal Way Loughborough Leicestershire LE11 3GE 5 August 2024
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Meade Heating Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
60,893 
- 
Current assets
Inventories
2,000 
4,000 
Debtors
23,941 
67,903 
Cash at bank and in hand
47,492 
12,088 
73,433 
83,991 
Creditors: amounts falling due within one year
(85,912)
(52,845)
Net current (liabilities)/assets
(12,479)
31,146 
Total assets less current liabilities
48,414 
31,146 
Creditors: amounts falling due after more than one year
(25,931)
(31,088)
Net assets
22,483 
58 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
22,473 
48 
Shareholders' funds
22,483 
58 
For the year ending 31 October 2023 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 director acknowledges his 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 and authorised for issue on 6 August 2024 and were signed on its behalf by
Mr R Meade Director Company Registration No. 10416277
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Meade Heating Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Meade Heating Ltd is a private company, limited by shares, registered in England and Wales, registration number 10416277. The registered office is Unit 29, Loughborough technology Centre,, Epinal Way, Loughborough, Leicestershire, LE11 3GE, United Kingdom.
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:
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 November 2022
- 
Additions
63,540 
At 31 October 2023
63,540 
Depreciation
Charge for the year
2,647 
At 31 October 2023
2,647 
Net book value
At 31 October 2023
60,893 
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Meade Heating Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
19,702 
6,831 
Other debtors
4,239 
4,239 
23,941 
11,070 
Amounts falling due after more than one year
Other debtors
- 
56,833 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
13,122 
4,722 
VAT
6,663 
10,477 
Trade creditors
85,668 
- 
Taxes and social security
40,079 
32,776 
Other creditors
1,344 
3,770 
Loans from directors
(60,964)
- 
Accruals
- 
1,100 
85,912 
52,845 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,931 
31,088 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr R Meade
Directors current account
56,833 
47,132 
43,000 
60,965 
56,833 
47,132 
43,000 
60,965 
9
Average number of employees
During the year the average number of employees was 7 (2022: 4).
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