Meredith And Eyre Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 00575149 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2023

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

73,503

33,114

CURRENT ASSETS

Stocks

463,595

468,000

Debtors

5

765,539

828,473

Cash at bank and in hand

779,019

595,390

2,008,153

1,891,863

CREDITORS

Amounts falling due within one year

6

776,069

850,464

NET CURRENT ASSETS

1,232,084

1,041,399

TOTAL ASSETS LESS CURRENT LIABILITIES

1,305,587

1,074,513

PROVISIONS FOR LIABILITIES

8,815

3,064

NET ASSETS

1,296,772

1,071,449

CAPITAL AND RESERVES

Called up share capital

21,804

21,804

Retained earnings

1,274,968

1,049,645

SHAREHOLDERS' FUNDS

1,296,772

1,071,449

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2023 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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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.

Plant and machinery etc

-

33% on cost and 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 24 (2022 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2022

790,013

Additions

71,775

Disposals

(16,763

)

At 31 May 2023

845,025

DEPRECIATION

At 1 June 2022

756,899

Charge for year

31,385

Eliminated on disposal

(16,762

)

At 31 May 2023

771,522

NET BOOK VALUE

At 31 May 2023

73,503

At 31 May 2022

33,114

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Trade debtors

764,543

824,734

Other debtors

996

3,739

765,539

828,473

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Trade creditors

555,638

644,629

Taxation and social security

204,617

185,450

Other creditors

15,814

20,385

776,069

850,464

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.5.23

31.5.22

£

£

Within one year

-

158,340

8.	RELATED PARTY DISCLOSURES

Rent of £190,000 (2022: £190,000) was paid to Meredith & Eyre Holdings Limited in the year.

Dividends of £180,000 (2022: £613,000) have been paid to the parent company in the year.

9.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Meredith & Eyre Holdings Limited.

The company is considered to be under the control of its directors L P Meredith and D R Meredith.