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REGISTERED NUMBER: 05423984 (England and Wales)















Steven Meighen Joinery Limited

Unaudited Financial Statements for the Year Ended 30 April 2024






Steven Meighen Joinery Limited (Registered number: 05423984)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Steven Meighen Joinery Limited

Company Information
for the Year Ended 30 April 2024







Directors: S W Meighen
S Meighen





Secretary: S W Meighen





Registered office: 9 Havenwood Road
Wigan
WN1 2PA





Registered number: 05423984 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Steven Meighen Joinery Limited (Registered number: 05423984)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 10,014 13,294

Current assets
Debtors 5 5,024 3,741
Cash at bank 17,945 9,347
22,969 13,088
Creditors
Amounts falling due within one year 6 32,452 35,227
Net current liabilities (9,483 ) (22,139 )
Total assets less current liabilities 531 (8,845 )

Creditors
Amounts falling due after more than
one year

7

(2,750

)

(6,000

)

Provisions for liabilities 8 (1,903 ) -
Net liabilities (4,122 ) (14,845 )

Capital and reserves
Called up share capital 9 100 100
Retained earnings (4,222 ) (14,945 )
Shareholders' funds (4,122 ) (14,845 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Steven Meighen Joinery Limited (Registered number: 05423984)

Statement of Financial Position - continued
30 April 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





S W Meighen - Director


Steven Meighen Joinery Limited (Registered number: 05423984)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. Statutory information

Steven Meighen Joinery Limited 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.

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.

Turnover
Turnover is measured at the fair value of the consideration receivable for building and joinery services net of Value Added Tax during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and 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 the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year end and that are expected to apply to the reversal of the timing difference.

Steven Meighen Joinery Limited (Registered number: 05423984)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company continues to rely upon the financial support of its creditors, particularly its directors and bankers to facilitate a continuation of its trading activity. The directors have agreed to only withdraw from their loan accounts in small tranches, as and when cashflow permits. Therefore the directors are able to prepare the financial statements on the basis of the going concern concept.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 May 2023
and 30 April 2024 1,346 16,700 527 18,573
Depreciation
At 1 May 2023 468 4,284 527 5,279
Charge for year 176 3,104 - 3,280
At 30 April 2024 644 7,388 527 8,559
Net book value
At 30 April 2024 702 9,312 - 10,014
At 30 April 2023 878 12,416 - 13,294

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 4,733 2,803
Other debtors 291 938
5,024 3,741

Steven Meighen Joinery Limited (Registered number: 05423984)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loan 3,000 3,000
Trade creditors 6,886 7,115
Taxation and social security 3,071 1,624
Other creditors 19,495 23,488
32,452 35,227

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loan 2,750 6,000

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 1,903 -

Deferred
tax
£   
Charge to Statement of Income and Retained Earnings during year 1,903
Balance at 30 April 2024 1,903

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100