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REGISTERED NUMBER: NI020979 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

MEADOWSIDE FILLING STATION LTD

MEADOWSIDE FILLING STATION LTD (REGISTERED NUMBER: NI020979)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MEADOWSIDE FILLING STATION LTD

Company Information
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr M Quinn





REGISTERED OFFICE: 27 Church Street
Downpatrick
Co. Down
BT30 6EH





REGISTERED NUMBER: NI020979 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Rathmore House
52 St Patricks Avenue
Downpatrick
Co. Down
BT30 6DS

MEADOWSIDE FILLING STATION LTD (REGISTERED NUMBER: NI020979)

Balance Sheet
31 JULY 2024

31/7/24 31/7/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,098 100,721

CURRENT ASSETS
Stocks 92,380 74,655
Debtors 5 2,471 3,413
Cash at bank and in hand 239,802 247,103
334,653 325,171
CREDITORS
Amounts falling due within one year 6 92,585 118,336
NET CURRENT ASSETS 242,068 206,835
TOTAL ASSETS LESS CURRENT
LIABILITIES

340,166

307,556

PROVISIONS FOR LIABILITIES 5,780 6,672
NET ASSETS 334,386 300,884

CAPITAL AND RESERVES
Called up share capital 5,100 5,100
Capital redemption reserve 4,900 4,900
Retained earnings 324,386 290,884
SHAREHOLDERS' FUNDS 334,386 300,884

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

MEADOWSIDE FILLING STATION LTD (REGISTERED NUMBER: NI020979)

Balance Sheet - continued
31 JULY 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 26 February 2025 and were signed by:





Mr M Quinn - Director


MEADOWSIDE FILLING STATION LTD (REGISTERED NUMBER: NI020979)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Meadowside Filling Station Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Office equipment - 20% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
Financial Instruments are classified and accounted for according to the substance of the contractual arrangement as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

MEADOWSIDE FILLING STATION LTD (REGISTERED NUMBER: NI020979)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Site and Office
development fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 65,606 115,571 4,648 185,825
Additions - - 1,190 1,190
At 31 July 2024 65,606 115,571 5,838 187,015
DEPRECIATION
At 1 August 2023 - 81,903 3,201 85,104
Charge for year - 3,367 446 3,813
At 31 July 2024 - 85,270 3,647 88,917
NET BOOK VALUE
At 31 July 2024 65,606 30,301 2,191 98,098
At 31 July 2023 65,606 33,668 1,447 100,721

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors 1,151 2,093
Prepayments and accrued income 1,320 1,320
2,471 3,413

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade creditors 59,629 49,765
Tax 20,039 23,196
VAT 3,604 3,315
Directors' current accounts 6,898 39,750
Accruals and deferred income 2,415 2,310
92,585 118,336

7. RELATED PARTY TRANSACTIONS

The company was under the control of Mr Michael Quinn throughout the current year. Mr Quinn is the managing director and majority shareholder of Meadowside Filling Station.