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MERIDIAN WEALTH MANAGEMENT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






MERIDIAN WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 05395299)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MERIDIAN WEALTH MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: I Thornton





REGISTERED OFFICE: Unit 1, Office 5 Robin Mills
Leeds Road
Greengates
Bradford
West Yorkshire
BD10 9TE





REGISTERED NUMBER: 05395299 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

MERIDIAN WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 05395299)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 1 1
Tangible assets 6 3,420 3,651
3,421 3,652

CURRENT ASSETS
Debtors 7 477 757
Cash at bank 310,872 236,788
311,349 237,545
CREDITORS
Amounts falling due within one year 8 88,091 49,450
NET CURRENT ASSETS 223,258 188,095
TOTAL ASSETS LESS CURRENT LIABILITIES 226,679 191,747

CREDITORS
Amounts falling due after more than one
year

9

(6,910

)

(11,911

)

PROVISIONS FOR LIABILITIES 10 (572 ) (599 )
NET ASSETS 219,197 179,237

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 218,197 178,237
SHAREHOLDERS' FUNDS 219,197 179,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

MERIDIAN WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 05395299)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 15 November 2024 and were signed by:





I Thornton - Director


MERIDIAN WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 05395299)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Meridian Wealth Management Ltd 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.

In accordance with Section 444 of the Companies Act 2006, the Directors Report has not been delivered.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

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.

MERIDIAN WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 05395299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 6,991
AMORTISATION
At 1 April 2023
and 31 March 2024 6,990
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 2,190 25,971 28,161
Additions - 556 556
At 31 March 2024 2,190 26,527 28,717
DEPRECIATION
At 1 April 2023 812 23,698 24,510
Charge for year 207 580 787
At 31 March 2024 1,019 24,278 25,297
NET BOOK VALUE
At 31 March 2024 1,171 2,249 3,420
At 31 March 2023 1,378 2,273 3,651

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors - 111
Prepayments 477 646
477 757

MERIDIAN WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 05395299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 415 132
Tax 66,691 40,323
Social security and other taxes 263 -
Other creditors 4,349 -
Directors' current accounts 7,819 1,050
Accrued expenses 3,554 2,945
88,091 49,450

Loans from directors are interest free and repayable on demand.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years 1,910 6,911
6,910 11,911

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 572 599

Deferred
tax
£   
Balance at 1 April 2023 599
Accelerated capital allowances (27 )
Balance at 31 March 2024 572

The entire provision for deferred tax relates to accelerated capital allowances.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
980 Ordinary £1 980 980
20 A Ordinary £1 20 20
1,000 1,000

MERIDIAN WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 05395299)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is I Thornton.