REGISTERED NUMBER: 05489322 (England and Wales)

Meridian Retail Limited

Financial Statements for the Year Ended 31st July 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Lafford

S J Lafford

Mrs K A Taylor

D W Lafford

SECRETARY:

Mrs K A Taylor

REGISTERED OFFICE:

2 Dollar Street

Cirencester

Gloucestershire

GL7 2AJ

REGISTERED NUMBER:

05489322 (England and Wales)

ACCOUNTANTS:

PWB Accountancy Services Ltd

Chartered Certified Accountants

Waterloo House

18 The Waterloo

Cirencester

Gloucestershire

GL7 2PY

FIXED ASSETS

Intangible assets

4

170,000

204,000

Tangible assets

5

707,542

731,305

Investments

6

36,432

36,432

913,974

971,737

CURRENT ASSETS

Stocks

157,406

145,883

Debtors

7

100,693

132,309

Cash at bank and in hand

696,248

572,008

954,347

850,200

CREDITORS

Amounts falling due within one year

8

816,043

754,436

NET CURRENT ASSETS

138,304

95,764

TOTAL ASSETS LESS CURRENT LIABILITIES

1,052,278

1,067,501

CREDITORS

Amounts falling due after more than one year

9

108,824

150,340

NET ASSETS

943,454

917,161

CAPITAL AND RESERVES

Called up share capital

93

93

Retained earnings

943,361

917,068

SHAREHOLDERS' FUNDS

943,454

917,161

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

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

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 Board of Directors and authorised for issue on 30th October 2025 and were signed on its behalf by:

S J Lafford - Director

1.	STATUTORY INFORMATION

Meridian Retail 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 2005, is being amortised evenly over its estimated useful life of twenty five 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 costs, over their estimated useful lives.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Alterations to leasehold property

-

4% on cost

Plant and equipment

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Pension costs and other post-retirement benefits

The company operates a money purchase 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 43 (2024 - 41 ) .

4.	INTANGIBLE FIXED ASSETS

Leasehold

Goodwill

premium

Totals

£

£

£

COST

At 1st August 2024

and 31st July 2025

850,000

70,000

920,000

AMORTISATION

At 1st August 2024

646,000

70,000

716,000

Amortisation for year

34,000

-

34,000

At 31st July 2025

680,000

70,000

750,000

NET BOOK VALUE

At 31st July 2025

170,000

-

170,000

At 31st July 2024

204,000

-

204,000

5.	TANGIBLE FIXED ASSETS

Alterations

to

Freehold

leasehold

Plant and

property

property

equipment

£

£

£

COST

At 1st August 2024

and 31st July 2025

572,300

280,953

343,633

DEPRECIATION

At 1st August 2024

-

179,808

300,601

Charge for year

-

11,238

8,606

At 31st July 2025

-

191,046

309,207

NET BOOK VALUE

At 31st July 2025

572,300

89,907

34,426

At 31st July 2024

572,300

101,145

43,032

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st August 2024

and 31st July 2025

71,986

5,900

9,071

1,283,843

DEPRECIATION

At 1st August 2024

61,354

2,949

7,826

552,538

Charge for year

2,126

737

1,056

23,763

At 31st July 2025

63,480

3,686

8,882

576,301

NET BOOK VALUE

At 31st July 2025

8,506

2,214

189

707,542

At 31st July 2024

10,632

2,951

1,245

731,305

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st August 2024

and 31st July 2025

36,432

NET BOOK VALUE

At 31st July 2025

36,432

At 31st July 2024

36,432

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

33,515

54,852

Other debtors

67,178

77,457

100,693

132,309

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

34,978

25,857

Trade creditors

557,437

482,999

Taxation and social security

215,169

232,145

Other creditors

8,459

13,435

816,043

754,436

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

108,824

150,340