34
01/04/2023
31/03/2024
2024-03-31
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
false
false
No description of principal activities is disclosed
2023-04-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
8395374
2023-04-01
2024-03-31
8395374
2024-03-31
8395374
2023-03-31
8395374
2022-04-01
2023-03-31
8395374
2023-03-31
8395374
2022-03-31
8395374
core:PlantMachinery
2023-04-01
2024-03-31
8395374
core:MotorVehicles
2023-04-01
2024-03-31
8395374
core:OnerousContractsExcludingVacantProperties
2023-04-01
2024-03-31
8395374
bus:RegisteredOffice
2023-04-01
2024-03-31
8395374
bus:LeadAgentIfApplicable
2023-04-01
2024-03-31
8395374
bus:Director1
2023-04-01
2024-03-31
8395374
core:PlantMachinery
2023-03-31
8395374
core:MotorVehicles
2023-03-31
8395374
core:PlantMachinery
2024-03-31
8395374
core:MotorVehicles
2024-03-31
8395374
core:WithinOneYear
2024-03-31
8395374
core:WithinOneYear
2023-03-31
8395374
core:AfterOneYear
2024-03-31
8395374
core:AfterOneYear
2023-03-31
8395374
core:RetainedEarningsAccumulatedLosses
2022-04-01
2023-03-31
8395374
core:RetainedEarningsAccumulatedLosses
2023-04-01
2024-03-31
8395374
core:ShareCapital
2024-03-31
8395374
core:ShareCapital
2023-03-31
8395374
core:RetainedEarningsAccumulatedLosses
2024-03-31
8395374
core:RetainedEarningsAccumulatedLosses
2023-03-31
8395374
core:ShareCapital
2022-03-31
8395374
core:RetainedEarningsAccumulatedLosses
2022-03-31
8395374
core:PreviouslyStatedAmount
core:ShareCapital
2024-03-31
8395374
core:MotorVehicles
2023-03-31
8395374
bus:Director1
2023-03-31
8395374
bus:Director1
2024-03-31
8395374
bus:Director1
2022-03-31
8395374
bus:Director1
2023-03-31
8395374
bus:Director1
2022-04-01
2023-03-31
8395374
bus:SmallEntities
2023-04-01
2024-03-31
8395374
bus:AuditExemptWithAccountantsReport
2023-04-01
2024-03-31
8395374
bus:SmallCompaniesRegimeForAccounts
2023-04-01
2024-03-31
8395374
bus:PrivateLimitedCompanyLtd
2023-04-01
2024-03-31
8395374
bus:FullAccounts
2023-04-01
2024-03-31
8395374
core:ComputerEquipment
2023-04-01
2024-03-31
8395374
core:ComputerEquipment
2023-03-31
8395374
core:ComputerEquipment
2024-03-31
Company registration number:
8395374
Merevale Claverdon & Draycote Limited
Unaudited filleted financial statements
31 March 2024
Merevale Claverdon & Draycote Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Merevale Claverdon & Draycote Limited
Directors and other information
|
|
|
|
Director |
Mandy Overton |
|
|
|
|
|
|
|
Company number |
8395374 |
|
|
|
|
|
|
|
Registered office |
Hill View House |
|
|
Shawbury Lane |
|
|
Coleshill |
|
|
Birmingham |
|
|
B46 2RP |
|
|
|
|
|
|
|
Business address |
Hill View House |
|
|
Shawbury Lane |
|
|
Coleshill |
|
|
Birmingham |
|
|
B46 2RP |
|
|
|
|
|
|
|
Accountants |
Lindley & Co |
|
|
Suite 4 Europa House |
|
|
Europa Way |
|
|
Lichfield |
|
|
Staffs |
|
|
WS14 9TZ |
|
|
|
Merevale Claverdon & Draycote Limited
Report to the director on the preparation of the
unaudited statutory financial statements of Merevale Claverdon & Draycote Limited
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Merevale Claverdon & Draycote Limited for the year ended 31 March 2024 which comprise the statement of financial position, statement of changes in equity and related notes 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 http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the director of Merevale Claverdon & Draycote Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Merevale Claverdon & Draycote Limited and state those matters that we have agreed to state to them, 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 Merevale Claverdon & Draycote Limited and its director as a body for our work or for this report.
It is your duty to ensure that Merevale Claverdon & Draycote Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Merevale Claverdon & Draycote Limited. You consider that Merevale Claverdon & Draycote Limited 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 financial statements of Merevale Claverdon & Draycote Limited. 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 financial statements.
Lindley & Co
Chartered Certified Accountants
Suite 4 Europa House
Europa Way
Lichfield
Staffs
WS14 9TZ
14 November 2024
Merevale Claverdon & Draycote Limited
Statement of financial position
31 March 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
28,549 |
|
|
|
14,313 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
28,549 |
|
|
|
14,313 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
6 |
125,957 |
|
|
|
101,052 |
|
|
Cash at bank and in hand |
|
|
527 |
|
|
|
37,957 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
126,484 |
|
|
|
139,009 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
72,687) |
|
|
|
(
79,240) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
53,797 |
|
|
|
59,769 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
82,346 |
|
|
|
74,082 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
8 |
|
|
(
36,522) |
|
|
|
(
41,930) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
45,824 |
|
|
|
32,152 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
100 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
45,724 |
|
|
|
32,052 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
45,824 |
|
|
|
32,152 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
14 November 2024
, and are signed on behalf of the board by:
Mandy Overton
Director
Company registration number:
8395374
Merevale Claverdon & Draycote Limited
Statement of changes in equity
Year ended 31 March 2024
|
|
Called up share capital |
|
Profit and loss account |
Total |
|
|
|
|
|
|
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 April 2022 |
|
100 |
|
10,694 |
10,794 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
23,358 |
23,358 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
23,358 |
23,358 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable |
|
|
|
(
2,000) |
(
2,000) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total investments by and distributions to owners |
|
- |
|
(
2,000) |
(
2,000) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 31 March 2023 and 1 April 2023 |
|
100 |
|
32,052 |
32,152 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
14,672 |
14,672 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
14,672 |
14,672 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable |
|
|
|
(
1,000) |
(
1,000) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total investments by and distributions to owners |
|
- |
|
(
1,000) |
(
1,000) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 31 March 2024 |
|
100 |
|
45,724 |
45,824 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Merevale Claverdon & Draycote Limited
Notes to the financial statements
Year ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Hill View House, Shawbury Lane, Coleshill, Birmingham, B46 2RP.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery |
- |
20 % |
straight line |
|
Motor vehicles |
- |
25 % |
straight line |
|
Computer equipment |
- |
33 % |
straight line |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
34
(2023:
34
).
5.
Tangible assets
|
|
Plant and machinery |
Motor vehicles |
Computer equipment |
Total |
|
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 April 2023 |
19,019 |
25,500 |
333 |
44,852 |
|
|
|
|
Additions |
- |
24,750 |
- |
24,750 |
|
|
|
|
Disposals |
- |
(
2,000) |
- |
(
2,000) |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 March 2024 |
19,019 |
48,250 |
333 |
67,602 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 April 2023 |
19,019 |
11,187 |
333 |
30,539 |
|
|
|
|
Charge for the year |
- |
10,514 |
- |
10,514 |
|
|
|
|
Disposals |
- |
(
2,000) |
- |
(
2,000) |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 March 2024 |
19,019 |
19,701 |
333 |
39,053 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 March 2024 |
- |
28,549 |
- |
28,549 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 31 March 2023 |
- |
14,313 |
- |
14,313 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade debtors |
|
125,928 |
101,052 |
|
Other debtors |
|
29 |
- |
|
|
|
_______ |
_______ |
|
|
|
125,957 |
101,052 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
- |
24,693 |
|
Trade creditors |
|
14,075 |
12,424 |
|
Corporation tax |
|
103 |
543 |
|
Social security and other taxes |
|
49,621 |
33,781 |
|
Other creditors |
|
8,888 |
7,799 |
|
|
|
_______ |
_______ |
|
|
|
72,687 |
79,240 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due after more than one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
36,522 |
41,930 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Directors advances, credits and guarantees
|
During the year the director entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the director |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mandy Overton |
(
7,586) |
(
1,031) |
(
8,617) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the director |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mandy Overton |
(
27,073) |
19,487 |
(
7,586) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
10.
Controlling party
The company is under the control of
Mandy Overton
who controls 100% of the issued share capital.
11.
Going concern
The company is dependant on the continued support of the creditors.