Registered number
03743676
Meers Graphics and Print Limited
Filleted Accounts
31 August 2024
Meers Graphics and Print Limited
Registered number: 03743676
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,180 -
Current assets
Debtors 4 4,023 8,188
Cash at bank and in hand 8,034 -
12,057 8,188
Creditors: amounts falling due within one year 5 (12,533) (9,515)
Net current liabilities (476) (1,327)
Net assets/(liabilities) 704 (1,327)
Capital and reserves
Called up share capital 100 100
Profit and loss account 604 (1,427)
Shareholder's funds 704 (1,327)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P S Whyte
Director
Approved by the board on 19 December 2024
Meers Graphics and Print Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 33% on a straight line basis
Fixtures, fittings, tools and equipment 15% on a straight line basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 6,892
Additions 1,753
Disposals (6,892)
At 31 August 2024 1,753
Depreciation
At 1 September 2023 6,892
Charge for the year 573
On disposals (6,892)
At 31 August 2024 573
Net book value
At 31 August 2024 1,180
4 Debtors 2024 2023
£ £
Trade debtors 827 4,355
Other debtors 3,196 3,833
4,023 8,188
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 7,145
Trade creditors 399 474
Other taxes and social security costs 3,186 1,696
Other creditors 8,948 200
12,533 9,515
6 Loans to directors
Interest free loan B/fwd Paid Repaid C/fwd
£ £ £ £
P S Whyte
Interest free loan 637 - (637) -
7 Other information
Meers Graphics and Print Limited is a private company limited by shares and incorporated in England. Its registered office is:
6A Little Aston Lane
Little Aston
Sutton Coldfield
B74 3UF
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