Meredith And Eyre Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00575149 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2019

for

Meredith And Eyre Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

L P Meredith

D R Meredith

SECRETARY:

L P Meredith

REGISTERED OFFICE:

6 Station View

Rhino Court

Hazel Grove

Stockport

Cheshire

SK7 5ER

REGISTERED NUMBER:

00575149 (England and Wales)

ACCOUNTANTS:

IN Accountancy Limited

6 Station View

Bramhall Moor Lane

Hazel Grove

Stockport

Cheshire

SK7 5ER

FIXED ASSETS

Tangible assets

4

332,818

343,264

CURRENT ASSETS

Stocks

5

268,000

269,270

Debtors

6

536,956

588,265

Cash at bank and in hand

425,750

379,547

1,230,706

1,237,082

CREDITORS

Amounts falling due within one year

7

481,190

527,461

NET CURRENT ASSETS

749,516

709,621

TOTAL ASSETS LESS CURRENT LIABILITIES

1,082,334

1,052,885

CAPITAL AND RESERVES

Called up share capital

21,804

21,804

Retained earnings

1,060,530

1,031,081

SHAREHOLDERS' FUNDS

1,082,334

1,052,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 19 July 2019 and were signed on its behalf by:

L P Meredith - Director

D R Meredith - Director

1.	STATUTORY INFORMATION

Meredith And Eyre 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.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and

handling costs in bringing stocks to their present location and condition.

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 22 (2018 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 June 2018

443,710

676,534

72,434

62,890

1,255,568

Additions

-

-

-

20,249

20,249

Disposals

-

-

-

(16,553

)

(16,553

)

At 31 May 2019

443,710

676,534

72,434

66,586

1,259,264

DEPRECIATION

At 1 June 2018

137,800

662,719

72,433

39,352

912,304

Charge for year

5,512

9,483

-

15,699

30,694

Eliminated on disposal

-

-

-

(16,552

)

(16,552

)

At 31 May 2019

143,312

672,202

72,433

38,499

926,446

NET BOOK VALUE

At 31 May 2019

300,398

4,332

1

28,087

332,818

At 31 May 2018

305,910

13,815

1

23,538

343,264

5.

STOCKS

31.5.19

31.5.18

£

£

Stocks

260,000

258,270

Stock of loose tools

-

3,000

Work-in-progress

8,000

8,000

268,000

269,270

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Trade debtors

493,790

546,116

Prepayments

43,166

42,149

536,956

588,265

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.19

31.5.18

£

£

Trade creditors

351,904

377,039

Corporation tax

54,977

34,792

Social security and other taxes

13,175

45,600

VAT

53,483

45,316

Accrued expenses

7,651

24,714

481,190

527,461

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £185,692 (2018 - £185,400) were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors L P Meredith and D R Meredith who each hold 50% of the

issued share capital of the company.