REGISTERED NUMBER: 07043266 (England and Wales)

MEADOW CARPETS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

R L Hardy

REGISTERED OFFICE:

Crundale Building County Showground

Withybush Road

Haverfordwest

Pembrokeshire

SA62 4BW

REGISTERED NUMBER:

07043266 (England and Wales)

ACCOUNTANTS:

Bevan Buckland Ltd

Chartered Accountants

45 High Street

Haverfordwest

Pembrokeshire

SA61 2BP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

133,064

139,352

133,064

139,352

CURRENT ASSETS

Stocks

6

152,421

94,682

Debtors

7

5,893

15,608

Cash at bank and in hand

65,046

60,718

223,360

171,008

CREDITORS

Amounts falling due within one year

8

188,843

174,885

NET CURRENT ASSETS/(LIABILITIES)

34,517

(3,877

)

TOTAL ASSETS LESS CURRENT LIABILITIES

167,581

135,475

CREDITORS

Amounts falling due after more than one year

9

(73,350

)

(49,742

)

PROVISIONS FOR LIABILITIES

(12,869

)

(11,339

)

NET ASSETS

81,362

74,394

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

81,262

74,294

SHAREHOLDERS' FUNDS

81,362

74,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 23 May 2026 and were signed by:

R L Hardy - Director

1.	STATUTORY INFORMATION

Meadow Carpets Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

25% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2025 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Incidental

Goodwill

costs

Totals

£

£

£

COST

At 1 February 2025

and 31 January 2026

115,000

8,047

123,047

AMORTISATION

At 1 February 2025

and 31 January 2026

115,000

8,047

123,047

NET BOOK VALUE

At 31 January 2026

-

-

-

At 31 January 2025

-

-

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2025

39,389

194,430

3,217

237,036

Additions

-

16,990

-

16,990

At 31 January 2026

39,389

211,420

3,217

254,026

DEPRECIATION

At 1 February 2025

29,244

65,298

3,142

97,684

Charge for year

1,521

21,720

37

23,278

At 31 January 2026

30,765

87,018

3,179

120,962

NET BOOK VALUE

At 31 January 2026

8,624

124,402

38

133,064

At 31 January 2025

10,145

129,132

75

139,352

6.

STOCKS

2026

2025

£

£

Stocks

152,421

94,682

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

5,893

1,376

Other debtors

-

14,232

5,893

15,608

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

50,643

41,173

Trade creditors

27,829

14,814

Social security and other taxes

19,259

33,796

VAT

17,971

25,943

Other creditors

4,817

4,737

Directors' loan accounts

68,324

54,422

188,843

174,885

National Westminster Bank PLC hold a standard debenture dated 20 January 2010.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other loans - 1-2 years

61,405

5,562

Hire purchase contracts

11,945

44,180

73,350

49,742

10.	RELATED PARTY DISCLOSURES

During the year the director made funds available to the company to assist with the provision of working capital. The loan was unsecured, interest free and repayable on demand. The amount outstanding at the balance sheet date was £68,324 (2025 £54,422).