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REGISTERED NUMBER: 12790373 (England and Wales)















Financial Statements

for the Period 1 September 2022 to 31 January 2024

for

Meols Drive Ltd

Meols Drive Ltd (Registered number: 12790373)






Contents of the Financial Statements
for the Period 1 September 2022 to 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Meols Drive Ltd

Company Information
for the Period 1 September 2022 to 31 January 2024







DIRECTORS: I P Fitzpatrick
K McKinney
S H Roberts
M King





REGISTERED OFFICE: Shiftworks Royal House
14 Upper Northgate Street
Chester
CH1 4EE





REGISTERED NUMBER: 12790373 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Meols Drive Ltd (Registered number: 12790373)

Balance Sheet
31 January 2024

31.1.24 31.8.22
Notes £    £   
CURRENT ASSETS
Stocks - 108,787
Cash at bank and in hand 611,577 18,842
611,577 127,629
CREDITORS
Amounts falling due within one year 4 606,664 127,800
NET CURRENT ASSETS/(LIABILITIES) 4,913 (171 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,913

(171

)

CAPITAL AND RESERVES
Called up share capital 800 800
Retained earnings 4,113 (971 )
4,913 (171 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 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.

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 30 October 2024 and were signed on its behalf by:





S H Roberts - Director


Meols Drive Ltd (Registered number: 12790373)

Notes to the Financial Statements
for the Period 1 September 2022 to 31 January 2024

1. STATUTORY INFORMATION

Meols Drive Ltd 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.

The financial statements for the period ended 31st January 2024 represent an accounting period of 17 months and as a result the comparative amounts presented in the financial statements are not entirely comparable.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Taxation
Taxation for the period 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.


Meols Drive Ltd (Registered number: 12790373)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 31 January 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.8.22
£    £   
Taxation and social security 965 -
Other creditors 605,699 127,800
606,664 127,800