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Company Registration No. 12602089 (England and Wales)
The Mease Valley Emporium Limited Unaudited accounts for the year ended 31 May 2025
The Mease Valley Emporium Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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The Mease Valley Emporium Limited Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
3,705
1,780
Current assets
Inventories
18,228
20,025
Cash at bank and in hand
614
631
18,842
20,656
Creditors: amounts falling due within one year
5
(22,937)
(20,945)
Net current liabilities
(4,095)
(289)
Net (liabilities)/assets
(390)
1,491
Capital and reserves
Called up share capital
6
100
100
Profit and loss account
(490)
1,391
Shareholders' funds
(390)
1,491
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 18 February 2026 and were signed on its behalf by
Mr R M Bingham Director Company Registration No. 12602089
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The Mease Valley Emporium Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
The Mease Valley Emporium Limited is a private company, limited by shares, registered in England and Wales, registration number 12602089. The registered office is 6 Pessall Lane, Edingale, Tamworth, B79 9JN.
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 preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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% reducing balance
Fixtures & fittings
15% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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The Mease Valley Emporium Limited Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 June 2024
2,831
571
3,402
Additions
2,486
94
2,580
At 31 May 2025
5,317
665
5,982
Depreciation
At 1 June 2024
1,351
271
1,622
Charge for the year
595
60
655
At 31 May 2025
1,946
331
2,277
Net book value
At 31 May 2025
3,371
334
3,705
At 31 May 2024
1,480
300
1,780
5
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
70
373
Trade creditors
3,004
881
Loans from directors
19,338
19,116
Accruals
525
575
22,937
20,945
6
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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