Company Registration No. 10380121 (England and Wales)
Meadmade Limited
Unaudited accounts
for the year ended 30 September 2023
Meadmade Limited
Unaudited accounts
Contents
Meadmade Limited
Company Information
for the year ended 30 September 2023
Directors
Fiona Gordon Smart
Sue O'Neil
Company Number
10380121 (England and Wales)
Registered Office
Field Cottage
Quarry Hill Farm
Bibury, Cirencester
Gloucestershire
GL7 5LX
Accountants
Think Whole Limited t/a the numbercrunchers
Crunch Central
14 London Road
Cirencester
Glos
GL7 1AE
Meadmade Limited
Statement of financial position
as at 30 September 2023
Tangible assets
250,504
250,672
Cash at bank and in hand
9,538
3,081
Creditors: amounts falling due within one year
(42,077)
(34,535)
Net current liabilities
(32,539)
(31,454)
Total assets less current liabilities
217,965
219,218
Creditors: amounts falling due after more than one year
(180,929)
(186,950)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
36,840
32,040
Shareholders' funds
36,940
32,140
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2023 and were signed on its behalf by
Sue O'Neil
Director
Company Registration No. 10380121
Meadmade Limited
Notes to the Accounts
for the year ended 30 September 2023
Meadmade Limited is a private company, limited by shares, registered in England and Wales, registration number 10380121. The registered office is Field Cottage, Quarry Hill Farm, Bibury, Cirencester, Gloucestershire, GL7 5LX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Meadmade Limited
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2022
250,000
3,776
253,776
At 30 September 2023
250,000
3,776
253,776
At 1 October 2022
-
3,104
3,104
Charge for the year
-
168
168
At 30 September 2023
-
3,272
3,272
At 30 September 2023
250,000
504
250,504
At 30 September 2022
250,000
672
250,672
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
12,179
6,160
Taxes and social security
-
2,090
Other creditors
2,523
1,905
Loans from directors
25,855
24,000
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
180,929
186,950
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
8
Reconciliations on adoption of FRS 102