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REGISTERED NUMBER: 11353210 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

G D Meek Ltd

G D Meek Ltd (Registered number: 11353210)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G D Meek Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr Geoffrey Donald Meek





SECRETARY: Ms Sarah Jane Chivers





REGISTERED OFFICE: 1 Three Winds
Downside
Shepton Mallet
Somerset
BA4 4FH





REGISTERED NUMBER: 11353210 (England and Wales)





ACCOUNTANTS: Tankard & Company
1 Three Winds
Downside
Shepton Mallet
Somerset
BA4 4FH

G D Meek Ltd (Registered number: 11353210)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,500 11,250
Tangible assets 5 30,003 20,615
40,503 31,865

CURRENT ASSETS
Stocks 6 3,765 3,440
Debtors 7 15,849 13,469
Cash at bank and in hand 178,914 146,390
198,528 163,299
CREDITORS
Amounts falling due within one year 8 159,846 139,010
NET CURRENT ASSETS 38,682 24,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,185

56,154

PROVISIONS FOR LIABILITIES 9 5,701 3,610
NET ASSETS 73,484 52,544

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 73,384 52,444
SHAREHOLDERS' FUNDS 73,484 52,544

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

G D Meek Ltd (Registered number: 11353210)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 February 2025 and were signed by:





Mr Geoffrey Donald Meek - Director


G D Meek Ltd (Registered number: 11353210)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

G D Meek 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.

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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.

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 year 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.

G D Meek Ltd (Registered number: 11353210)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 15,000
AMORTISATION
At 1 June 2023 3,750
Amortisation for year 750
At 31 May 2024 4,500
NET BOOK VALUE
At 31 May 2024 10,500
At 31 May 2023 11,250

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 100 37,234 740 38,074
Additions - 24,802 - 24,802
Disposals - (14,200 ) - (14,200 )
At 31 May 2024 100 47,836 740 48,676
DEPRECIATION
At 1 June 2023 56 16,760 643 17,459
Charge for year 7 9,968 32 10,007
Eliminated on disposal - (8,793 ) - (8,793 )
At 31 May 2024 63 17,935 675 18,673
NET BOOK VALUE
At 31 May 2024 37 29,901 65 30,003
At 31 May 2023 44 20,474 97 20,615

6. STOCKS
31.5.24 31.5.23
£    £   
Stocks 3,765 3,440

G D Meek Ltd (Registered number: 11353210)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 13,663 12,518
Prepayments 2,186 951
15,849 13,469

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 3,269 3,822
Tax 17,080 13,840
Social security and other taxes 882 768
VAT 10,098 8,259
Directors' current accounts 124,500 107,500
Accrued expenses 4,017 4,821
159,846 139,010

9. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax
Accelerated capital allowances 5,701 3,610

Deferred
tax
£   
Balance at 1 June 2023 3,610
Provided during year 2,091
Balance at 31 May 2024 5,701