F W Meggitt & Co Ltd

F W Meggitt & Co Ltd
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	30,300	30,151
		30,300	30,151
Current assets
Debtors	4	34,512	57,381
Cash at bank and in hand		135,773	134,940
		170,285	192,321
Creditors: amount falling due within one year	5	(118,487)	(152,272)
Net current assets		51,798	40,049

Total assets less current liabilities		82,098	70,200
Provisions for liabilities	6	(7,638)	(7,638)
Net assets		74,460	62,562

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		74,360	62,462
Shareholders' funds		74,460	62,562

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 16 December 2025 and were signed on its behalf by:

-------------------------------
Benjamin James Keating
Director

F W Meggitt & Co Ltd
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

F W Meggitt & Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 12215101, registration address 21-23 , Broad Green Road, Liverpool, Merseyside, L13 5SD.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 21 (2024 : 33).

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Total
	£	£
At 01 April 2024	40,201	40,201
Additions	10,983	10,983
Disposals	-	-
At 31 March 2025	51,184	51,184
Depreciation
At 01 April 2024	10,050	10,050
Charge for year	10,834	10,834
On disposals	-	-
At 31 March 2025	20,884	20,884
Net book values
Closing balance as at 31 March 2025	30,300	30,300
Opening balance as at 01 April 2024	30,151	30,151

Debtors: amounts falling due within one year

	2025 £		2024 £
Trade Debtors	34,512		57,381
	34,512		57,381

Creditors: amount falling due within one year

	2025 £	2024 £
Bank Loans & Overdrafts	1,881	-
Corporation Tax	12,201	9,445
PAYE & Social Security	14,159	26,008
Directors' Current Accounts	-	1
VAT	90,246	116,818
	118,487	152,272

Provisions for liabilities

	2025 £		2024 £
Deferred Tax	7,638		7,638
	7,638		7,638

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
100 Ordinary shares of £1.00 each	100		100
	100		100

Registered Number: 12215101
England and Wales
Filleted Accounts

for the year ended 31 March 2025
for
F W MEGGITT & CO LTD