MEB Total Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05240358 (England and Wales)

MEB TOTAL LIMITED

Unaudited Financial Statements

for the Year Ended 30 March 2019

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

L A Willis

REGISTERED OFFICE:

Unit D1 Fenton Trade Park

Dewsbury Road

Fenton Industrial Estate

Stoke on Trent

Staffordshire

ST4 2TE

REGISTERED NUMBER:

05240358 (England and Wales)

ACCOUNTANTS:

Keith Willis Associates Limited

Gothic House

Barker Gate

Nottingham

Nottinghamshire

NG1 1JU

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not

required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 March 2019 set out on pages four to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Keith Willis Associates Limited

Gothic House

Barker Gate

Nottingham

Nottinghamshire

NG1 1JU

24 July 2019

FIXED ASSETS

Intangible assets

4

48,750

53,750

Tangible assets

5

85,005

38,647

133,755

92,397

CURRENT ASSETS

Stocks

50,270

123,014

Debtors

6

824,193

612,594

Cash in hand

198

146

874,661

735,754

CREDITORS

Amounts falling due within one year

7

487,725

418,508

NET CURRENT ASSETS

386,936

317,246

TOTAL ASSETS LESS CURRENT LIABILITIES

520,691

409,643

CREDITORS

Amounts falling due after more than one year

8

28,570

8,045

NET ASSETS

492,121

401,598

CAPITAL AND RESERVES

Called up share capital

550

550

Capital redemption reserve

9

450

450

Retained earnings

9

491,121

400,598

492,121

401,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2019 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 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 director on 24 July 2019 and were signed by:

L A Willis - Director

1.	STATUTORY INFORMATION

MEB Total 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 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost and 20% 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.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future

payments is treated as a liability.

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 29 (2018 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31 March 2018

and 30 March 2019

100,000

AMORTISATION

At 31 March 2018

46,250

Charge for year

5,000

At 30 March 2019

51,250

NET BOOK VALUE

At 30 March 2019

48,750

At 30 March 2018

53,750

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 31 March 2018

52,215

38,128

196,690

287,033

Additions

38,157

11,468

41,440

91,065

Disposals

(32,088

)

(34,094

)

(11,490

)

(77,672

)

At 30 March 2019

58,284

15,502

226,640

300,426

DEPRECIATION

At 31 March 2018

45,844

35,715

166,827

248,386

Charge for year

12,519

3,100

29,088

44,707

Eliminated on disposal

(32,088

)

(34,094

)

(11,490

)

(77,672

)

At 30 March 2019

26,275

4,721

184,425

215,421

NET BOOK VALUE

At 30 March 2019

32,009

10,781

42,215

85,005

At 30 March 2018

6,371

2,413

29,863

38,647

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 31 March 2018

86,236

Additions

41,440

At 30 March 2019

127,676

DEPRECIATION

At 31 March 2018

56,372

Charge for year

29,088

At 30 March 2019

85,460

NET BOOK VALUE

At 30 March 2019

42,216

At 30 March 2018

29,864

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

775,367

565,241

Amounts owed by participating interests

10,773

10,773

Other debtors

38,053

36,580

824,193

612,594

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

15,750

1,696

Hire purchase contracts

18,882

10,343

Trade creditors

246,265

125,455

Taxation and social security

112,508

126,380

Other creditors

94,320

154,634

487,725

418,508

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts

28,570

8,045

9.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 31 March 2018

400,598

450

401,048

Profit for the year

127,723

-

127,723

Dividends

(37,200

)

-

(37,200

)

At 30 March 2019

491,121

450

491,571