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REGISTERED NUMBER: 07043266 (England and Wales)















MEADOW CARPETS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025






MEADOW CARPETS LIMITED (REGISTERED NUMBER: 07043266)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MEADOW CARPETS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: R L Hardy





REGISTERED OFFICE: Crundale Building County Showground
Withybush Road
Haverfordwest
Pembrokeshire
SA62 4BW





REGISTERED NUMBER: 07043266 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP

MEADOW CARPETS LIMITED (REGISTERED NUMBER: 07043266)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 139,352 153,538
139,352 153,538

CURRENT ASSETS
Stocks 6 94,682 51,559
Debtors 7 15,608 5,177
Cash at bank and in hand 60,718 22,300
171,008 79,036
CREDITORS
Amounts falling due within one year 8 174,885 117,473
NET CURRENT LIABILITIES (3,877 ) (38,437 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,475

115,101

CREDITORS
Amounts falling due after more than one
year

9

(49,742

)

(87,747

)

PROVISIONS FOR LIABILITIES (11,339 ) (6,134 )
NET ASSETS 74,394 21,220

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 74,294 21,120
SHAREHOLDERS' FUNDS 74,394 21,220

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

MEADOW CARPETS LIMITED (REGISTERED NUMBER: 07043266)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2025


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 27 March 2025 and were signed by:





R L Hardy - Director


MEADOW CARPETS LIMITED (REGISTERED NUMBER: 07043266)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Meadow Carpets 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 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 2010, is being amortised evenly over its useful life of four years.

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% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% straight line

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 statement of financial position 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.

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.

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.

MEADOW CARPETS LIMITED (REGISTERED NUMBER: 07043266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

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 11 (2024 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Incidental
Goodwill costs Totals
£    £    £   
COST
At 1 February 2024
and 31 January 2025 115,000 8,047 123,047
AMORTISATION
At 1 February 2024
and 31 January 2025 115,000 8,047 123,047
NET BOOK VALUE
At 31 January 2025 - - -
At 31 January 2024 - - -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2024 36,746 189,430 3,217 229,393
Additions 2,643 5,000 - 7,643
At 31 January 2025 39,389 194,430 3,217 237,036
DEPRECIATION
At 1 February 2024 27,456 45,294 3,105 75,855
Charge for year 1,788 20,004 37 21,829
At 31 January 2025 29,244 65,298 3,142 97,684
NET BOOK VALUE
At 31 January 2025 10,145 129,132 75 139,352
At 31 January 2024 9,290 144,136 112 153,538

6. STOCKS
2025 2024
£    £   
Stocks 94,682 51,559

MEADOW CARPETS LIMITED (REGISTERED NUMBER: 07043266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,376 3,639
Other debtors 14,232 1,538
15,608 5,177

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 41,173 46,157
Trade creditors 14,814 10,683
Social security and other taxes 33,796 19,907
VAT 25,943 21,430
Other creditors 4,737 4,097
Directors' loan accounts 54,422 15,199
174,885 117,473

National Westminster Bank PLC hold a standard debenture dated 20 January 2010.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Other loans - 1-2 years 5,562 9,617
Hire purchase contracts 44,180 78,130
49,742 87,747

10. RELATED PARTY DISCLOSURES

During the year the director made funds available to the company to assist with the provision of working capital. The loan was unsecured, interest free and repayable on demand. The amount outstanding at the balance sheet date was £54,422 (2024 £15,199).