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Company Registration No. 03405967 (England and Wales)
N & J Meadham Limited Unaudited accounts for the year ended 31 July 2025
N & J Meadham Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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N & J Meadham Limited Company Information for the year ended 31 July 2025
Director
N Meadham
Secretary
Mrs J P Meadham
Company Number
03405967 (England and Wales)
Registered Office
10 Dorrel Close Hatch Warren Basingstoke Hampshire RG22 4UD
Accountants
Precise Accounting Services Ltd 10 Dorrel Close Hatch Warren Basingstoke Hampshire RG22 4UD
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N & J Meadham Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
159,609
175,780
Current assets
Inventories
574,643
573,381
Debtors
5
102,200
99,431
Cash at bank and in hand
1,108,436
1,102,455
1,785,279
1,775,267
Creditors: amounts falling due within one year
6
(182,637)
(234,662)
Net current assets
1,602,642
1,540,605
Total assets less current liabilities
1,762,251
1,716,385
Provisions for liabilities
Deferred tax
(37,785)
(41,693)
Net assets
1,724,466
1,674,692
Capital and reserves
Called up share capital
100
100
Profit and loss account
1,724,366
1,674,592
Shareholders' funds
1,724,466
1,674,692
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 November 2025 and were signed on its behalf by
N Meadham Director Company Registration No. 03405967
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N & J Meadham Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
N & J Meadham Limited is a private company, limited by shares, registered in England and Wales, registration number 03405967. The registered office is 10 Dorrel Close, Hatch Warren, Basingstoke, Hampshire, RG22 4UD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Motor vehicles
20% on reducing balance
Computer equipment
15% on reducing balance
Investment property
Investment property is included at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Stocks
Work in progress is valued at the lower of costs and net realisable value. Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
Deferred taxation
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.
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N & J Meadham Limited Notes to the Accounts for the year ended 31 July 2025
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable to the company's pensions scheme are charged to profit or loss in the period to which they relate.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 August 2024
53,817
328,336
7,085
389,238
Additions
2,475
15,850
-
18,325
At 31 July 2025
56,292
344,186
7,085
407,563
Depreciation
At 1 August 2024
44,300
163,597
5,561
213,458
Charge for the year
1,799
32,469
228
34,496
At 31 July 2025
46,099
196,066
5,789
247,954
Net book value
At 31 July 2025
10,193
148,120
1,296
159,609
At 31 July 2024
9,517
164,739
1,524
175,780
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
90,621
88,066
Accrued income and prepayments
6,579
6,365
Other debtors
5,000
5,000
102,200
99,431
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
41,619
74,795
Trade creditors
44,291
37,495
Taxes and social security
43,808
56,400
Other creditors
14,478
15,000
Loans from directors
25,715
27,530
Accruals
12,726
23,442
182,637
234,662
7
Average number of employees
During the year the average number of employees was 9 (2024: 12).
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