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REGISTERED NUMBER: 01209111 (England and Wales)





















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Mesguen (UK) Limited

Mesguen (UK) Limited (Registered number: 01209111)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mesguen (UK) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P Gac
L Calarnou





SECRETARY: P Gac





REGISTERED OFFICE: 22 The Square
The Millfields
Plymouth
Devon
PL1 3JX





BUSINESS ADDRESS: C/O Sheppards Accountants Limited
22 The Square
The Millfields
Plymouth
Devon
PL1 3JX





REGISTERED NUMBER: 01209111 (England and Wales)





ACCOUNTANTS: Sheppards Accountants Limited
22 The Square
The Millfields
Plymouth
Devon
PL1 3JX

Mesguen (UK) Limited (Registered number: 01209111)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,140 7,710
Tangible assets 5 299,787 316,636
Investments 6 11,500 11,500
316,427 335,846

CURRENT ASSETS
Debtors 7 355,412 479,657
Cash at bank 732,614 281,840
1,088,026 761,497
CREDITORS
Amounts falling due within one year 8 276,954 291,388
NET CURRENT ASSETS 811,072 470,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,127,499

805,955

CAPITAL AND RESERVES
Called up share capital 8,000 8,000
Retained earnings 1,119,499 797,955
1,127,499 805,955

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:



P Gac - Director


Mesguen (UK) Limited (Registered number: 01209111)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Mesguen (UK) 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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

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.

Patents and licences are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

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 and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

Mesguen (UK) Limited (Registered number: 01209111)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 January 2023
and 31 December 2023 10,280
AMORTISATION
At 1 January 2023 2,570
Amortisation for year 2,570
At 31 December 2023 5,140
NET BOOK VALUE
At 31 December 2023 5,140
At 31 December 2022 7,710

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 300,000 55,984 6,500 362,484
DEPRECIATION
At 1 January 2023 33,750 5,598 6,500 45,848
Charge for year 11,250 5,599 - 16,849
At 31 December 2023 45,000 11,197 6,500 62,697
NET BOOK VALUE
At 31 December 2023 255,000 44,787 - 299,787
At 31 December 2022 266,250 50,386 - 316,636

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 11,500
NET BOOK VALUE
At 31 December 2023 11,500
At 31 December 2022 11,500

Mesguen (UK) Limited (Registered number: 01209111)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 115,655 221,097
Amounts owed by group undertakings 203,355 203,355
VAT 36,402 55,205
355,412 479,657

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 152,717 185,362
Corporation tax 107,135 84,075
Social security and other taxes 4,563 8,404
Directors' current accounts - 1,008
Accruals and deferred income 12,539 12,539
276,954 291,388