1.
General Information
Robert Mear Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
08887814
. The registered office is 1 & 2 Studley Court Mews, Guildford Road, Chobham, Surrey, GU24 8EB.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
Goodwill, being the amount paid in connection with the acquisition of a business has being fully
amortized.
2.4.
Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are ..... It is amortised to profit and loss account over its estimated economic life of .... years.
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.
Computer software - 25% on reducing balance
2.5.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
|
| Computer Equipment |
|
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
Robert Mear Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
4.
Intangible Assets
| Goodwill | Other | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| As at 1 March 2024 |
|
|
|
| As at 28 February 2025 |
|
|
|
| Amortisation | |||
| As at 1 March 2024 |
|
|
|
| Provided during the period |
|
|
|
| As at 28 February 2025 |
|
|
|
| Net Book Value | |||
| As at 28 February 2025 |
|
|
|
| As at 1 March 2024 |
|
|
|
5.
Tangible Assets
| Plant & Machinery | Computer Equipment | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| As at 1 March 2024 |
|
|
|
| Additions |
|
|
|
| As at 28 February 2025 |
|
|
|
| Depreciation | |||
| As at 1 March 2024 |
|
|
|
| Provided during the period |
|
|
|
| As at 28 February 2025 |
|
|
|
| Net Book Value | |||
| As at 28 February 2025 |
|
|
|
| As at 1 March 2024 |
|
|
|
6.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors | - |
|
|
| Other debtors | 9,952 | - | |
|
|
|
||
7.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors | 2,832 | 8,569 | |
| Taxation and social security |
|
|
|
|
|
|
||
Robert Mear Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
9.
Dividends
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Interim dividend paid |
|
|
|
10.
Reserves
|
Retained
earnings
|
||
|
£
|
||
|
At 1 March 2024
|
21,141
|
|
|
Profit for the year
|
60,456
|
|
|
Dividends
|
(48,700)
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|
|
|
At 28 February 2025
|
32,897
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none">
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|
11.
Related Party Transactions
At the end of the year, the director owed an amount of £9,952 (2024 : £6,134 Cr) to the company.