Company Registration No. 07171225 (England and Wales)
Meridian Work Surfaces Limited
Unaudited accounts
for the year ended 28 February 2025
Meridian Work Surfaces Limited
Unaudited accounts
Contents
Meridian Work Surfaces Limited
Company Information
for the year ended 28 February 2025
Company Number
07171225 (England and Wales)
Registered Office
Meridian House, Grangefield Road
Grangefield Industrial Estate
Leeds
West Yorkshire
LS28 6JT
Accountants
Craven Professional Solutions
126 Monkswell House
Manse Lane
Knaresborough
North Yorkshire
HG5 8NQ
Meridian Work Surfaces Limited
Statement of financial position
as at 28 February 2025
Tangible assets
552,522
498,836
Inventories
1,023,054
994,720
Cash at bank and in hand
2,399
38,109
Creditors: amounts falling due within one year
(1,302,638)
(1,162,487)
Net current assets
394,217
548,194
Total assets less current liabilities
946,739
1,047,030
Creditors: amounts falling due after more than one year
(126,064)
(320,947)
Net assets
820,675
726,083
Called up share capital
2,000
2,000
Profit and loss account
818,675
724,083
Shareholders' funds
820,675
726,083
For the year ending 28 February 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 9 December 2025 and were signed on its behalf by
Paul Bedford
Director
Company Registration No. 07171225
Meridian Work Surfaces Limited
Notes to the Accounts
for the year ended 28 February 2025
Meridian Work Surfaces Limited is a private company, limited by shares, registered in England and Wales, registration number 07171225. The registered office is Meridian House, Grangefield Road, Grangefield Industrial Estate, Leeds, West Yorkshire, LS28 6JT.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% per annum on cost
Plant & machinery
10% per annum on a reducing balance basis
Motor vehicles
20% per annum on a reducing balance basis from month of purchase
Fixtures & fittings
20% per annum on a reducing balance basis
Stocks and work-in-progress have been valued by the Director at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Meridian Work Surfaces Limited
Notes to the Accounts
for the year ended 28 February 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2024
-
528,881
291,883
102,612
923,376
Additions
59,069
65,610
-
11,171
135,850
At 28 February 2025
59,069
594,491
291,883
113,783
1,059,226
At 1 March 2024
-
256,601
111,307
56,632
424,540
Charge for the year
5,907
28,712
36,115
11,430
82,164
At 28 February 2025
5,907
285,313
147,422
68,062
506,704
At 28 February 2025
53,162
309,178
144,461
45,721
552,522
At 29 February 2024
-
272,280
180,576
45,980
498,836
Raw materials
742,500
662,500
Work in progress
280,554
332,220
Amounts falling due within one year
Trade debtors
347,457
406,516
Other debtors
323,945
271,336
Meridian Work Surfaces Limited
Notes to the Accounts
for the year ended 28 February 2025
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
180,873
183,720
Obligations under finance leases and hire purchase contracts
71,057
71,877
Trade creditors
363,406
415,212
Taxes and social security
243,617
197,776
Other creditors
57,204
6,851
Loans from directors
385,781
286,401
A fixed and floating charge was granted in favour of National Westminster Bank on 18 April 2019 over all assets of the Company.
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Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
101,064
172,122
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
100,000 Ordinary A shares of £0.01 each
1,000
1,000
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Transactions with related parties
Included in other debtors as at 28 February 2025 are loans to Aire Valley Worktops Limited of £75,400 (2024 - £75,400), Granite Worktops of York Limited of £125,428 (2024 - £73,958) and First for Leasing Limited of £31,312 (2024 - £29,727). all of which are companies under common control.
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Average number of employees
During the year the average number of employees was 34 (2024: 33).