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Registration number: 09088586

Meredith Construction Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Meredith Construction Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Meredith Construction Limited

(Registration number: 09088586)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

30,993

34,876

Current assets

 

Debtors

5

-

320

Cash at bank and in hand

 

7,024

5,755

 

7,024

6,075

Creditors: Amounts falling due within one year

6

(32,147)

(34,160)

Net current liabilities

 

(25,123)

(28,085)

Total assets less current liabilities

 

5,870

6,791

Provisions for liabilities

(4,117)

(5,711)

Net assets

 

1,753

1,080

Capital and reserves

 

Called up share capital

2

2

Retained earnings

1,751

1,078

Shareholders' funds

 

1,753

1,080

For the financial year ending 30 June 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors Report and Profit and Loss Account has been taken.

Approved and authorised by the director on 15 November 2024
 

 

Meredith Construction Limited

(Registration number: 09088586)
Balance Sheet as at 30 June 2024

.........................................
Mrs Samantha Meredith
Director

 

Meredith Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
22 Kingsclere Grove
Sneyd Green
Stoke On Trent
Staffordshire
ST1 6HQ
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expenses for the period comprises tax.

 

Meredith Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

The Current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

10% reducing balance

Fixtures & fittings

10% reducing balance

Motor vehicles

20% reducing balance

Computer equipment

20% reducing balance

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Meredith Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Fixtures, fittings and equipment
£

Motor vehicles
 £

Plant and Machinery
 £

Total
£

Cost or valuation

At 1 July 2023

880

13,322

48,013

62,215

Additions

159

-

139

298

At 30 June 2024

1,039

13,322

48,152

62,513

Depreciation

At 1 July 2023

637

6,972

19,730

27,339

Charge for the year

69

1,270

2,842

4,181

At 30 June 2024

706

8,242

22,572

31,520

Carrying amount

At 30 June 2024

333

5,080

25,580

30,993

At 30 June 2023

243

6,350

28,283

34,876

 

Meredith Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Debtors

Current

2024
£

2023
£

Prepayments

-

320

 

-

320

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

807

982

Accruals and deferred income

925

1,402

Other creditors

30,415

31,776

32,147

34,160