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REGISTERED NUMBER: 06604509 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

MEBA SERVICES LIMITED

MEBA SERVICES LIMITED (REGISTERED NUMBER: 06604509)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MEBA SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: M Eshak
S Chaudary





SECRETARY: S Chaudary





REGISTERED OFFICE: 2 Cedargrove
Hagley
Stourbridge
West Midlands
DY9 0DR





REGISTERED NUMBER: 06604509 (England and Wales)





ACCOUNTANTS: Ashcrofts Accountants Limited
2 Cedargrove
Hagley
Stourbridge
West Midlands
DY9 0DR

MEBA SERVICES LIMITED (REGISTERED NUMBER: 06604509)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 54,722 64,672
Tangible assets 5 409,463 429,752
464,185 494,424

CURRENT ASSETS
Stocks 6 45,248 50,128
Debtors 7 211,941 183,578
Cash at bank and in hand 669,851 456,162
927,040 689,868
CREDITORS
Amounts falling due within one year 8 (653,228 ) (615,272 )
NET CURRENT ASSETS 273,812 74,596
TOTAL ASSETS LESS CURRENT
LIABILITIES

737,997

569,020

PROVISIONS FOR LIABILITIES 12 (4,442 ) (5,581 )
NET ASSETS 733,555 563,439

CAPITAL AND RESERVES
Called up share capital 13 200 200
Retained earnings 14 733,355 563,239
SHAREHOLDERS' FUNDS 733,555 563,439

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

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

MEBA SERVICES LIMITED (REGISTERED NUMBER: 06604509)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 February 2025 and were signed on its behalf by:




M Eshak - Director



S Chaudary - Director


MEBA SERVICES LIMITED (REGISTERED NUMBER: 06604509)

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


1. STATUTORY INFORMATION

Meba Services 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Long leasehold - Over the term of the lease
Fixtures, fittings & equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.


MEBA SERVICES LIMITED (REGISTERED NUMBER: 06604509)

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


2. ACCOUNTING POLICIES - continued
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.

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 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 198,996
AMORTISATION
At 1 June 2023 134,324
Amortisation for year 9,950
At 31 May 2024 144,274
NET BOOK VALUE
At 31 May 2024 54,722
At 31 May 2023 64,672

MEBA SERVICES LIMITED (REGISTERED NUMBER: 06604509)

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


5. TANGIBLE FIXED ASSETS
Fixtures,
Freehold Long fittings Motor
property leasehold & equipment vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 260,000 310,000 121,284 5,900 697,184
DEPRECIATION
At 1 June 2023 78,000 85,681 99,250 4,501 267,432
Charge for year 5,200 10,333 4,406 350 20,289
At 31 May 2024 83,200 96,014 103,656 4,851 287,721
NET BOOK VALUE
At 31 May 2024 176,800 213,986 17,628 1,049 409,463
At 31 May 2023 182,000 224,319 22,034 1,399 429,752

6. STOCKS
2024 2023
£    £   
Stocks 45,248 50,128

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 160,981 137,370
Other debtors 4,100 4,100
VAT 37,702 34,742
Prepayments and accrued income 9,158 7,366
211,941 183,578

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) - 3,034
Trade creditors 213,171 220,605
Corporation tax 61,576 23,996
Social security and other taxes 602 1,389
Other creditors 349,933 351,339
Directors' loan accounts 16,517 11,781
Accruals and deferred income 11,429 3,128
653,228 615,272

MEBA SERVICES LIMITED (REGISTERED NUMBER: 06604509)

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


9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans - 3,034

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
In more than five years 30,000 30,000

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 3,034

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,442 5,581

Deferred
tax
£   
Balance at 1 June 2023 5,581
Credited during the year (1,139 )
Balance at 31 May 2024 4,442

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary Shares £1 200 200

MEBA SERVICES LIMITED (REGISTERED NUMBER: 06604509)

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


14. RESERVES
Retained
earnings
£   

At 1 June 2023 563,239
Profit for the year 170,116
At 31 May 2024 733,355

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 May 2024, there was a loan from Dr S Chaudary of £5,635 (2023: £4,424). This unsecured loan is interest free and repayable on demand.

At 31 May 2024, there was a loan from Mr M Eshak of £10,882 (2023: £7,357). This unsecured loan is interest free and repayable on demand.

16. RELATED PARTY DISCLOSURES

At 31 May 2024, there was a loan from Prescriptions 2 U Ltd of £153,377 (2023: £153,377), a company in which Mr M Eshak is a director. This unsecured loan is interest free and repayable on demand.

At 31 May 2024, there was a loan from Latenite Limited of £196,225 (2023: £196,225), a company in which Mr M Eshak and Dr S Chaudary are directors. This unsecured loan is interest free and repayable on demand.