Meyer & Marsh Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07916378 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

MEYER & MARSH LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,480

1,293

CURRENT ASSETS

Stocks

54,068

71,931

Debtors

5

4,856

17,006

Cash at bank

63,995

68,624

122,919

157,561

CREDITORS

Amounts falling due within one year

6

53,820

88,703

NET CURRENT ASSETS

69,099

68,858

TOTAL ASSETS LESS CURRENT LIABILITIES

70,579

70,151

PROVISIONS FOR LIABILITIES

281

246

NET ASSETS

70,298

69,905

CAPITAL AND RESERVES

Called up share capital

80

80

Share premium

21,480

21,480

Capital redemption reserve

10

10

Retained earnings

48,728

48,335

70,298

69,905

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 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 Board of Directors and authorised for issue on 10 August 2020 and were signed on its behalf by:

R W G Davies - Director

Mrs V A M Dutton - Director

1.	STATUTORY INFORMATION

Meyer & Marsh Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07916378

Registered office:

SME House

Unit 1 Holme Lacy Industrial Estate

Hereford

Herefordshire

HR2 6DR

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.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2019 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2019

4,084

1,020

5,104

Additions

-

633

633

At 31 March 2020

4,084

1,653

5,737

DEPRECIATION

At 1 April 2019

2,791

1,020

3,811

Charge for year

323

123

446

At 31 March 2020

3,114

1,143

4,257

NET BOOK VALUE

At 31 March 2020

970

510

1,480

At 31 March 2019

1,293

-

1,293

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

-

12,000

Other debtors

4,856

5,006

4,856

17,006

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

11,203

10,570

Taxation and social security

8,486

11,337

Other creditors

34,131

66,796

53,820

88,703

7.	RELATED PARTY DISCLOSURES

Included within Other creditors is a total of £11,391 owing to the Directors (2019: £16,508).

Link UK - M&P Davies Limited, a company under the control of the Directors, has loaned Meyer & Marsh Limited a total of £14,236 to date.

These loans have been made without interest or repayment terms.

8.	ULTIMATE CONTROLLING PARTY

The company's Ultimate Controlling Party are the Directors by virtue of their holding the total share capital.