Company Registration No. 12860558 (England and Wales)
Meitner UK Ltd
Unaudited accounts
for the year ended 29 February 2024
Meitner UK Ltd
Unaudited accounts
Contents
Meitner UK Ltd
Company Information
for the year ended 29 February 2024
Directors
Mr P J W N Bird
Mrs P Bird
Secretary
Wellco Secretaries Ltd
Company Number
12860558 (England and Wales)
Registered Office
Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
England
Accountants
Wellden Turnbull Limited
Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
Meitner UK Ltd
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
1,088,146
556,981
Creditors: amounts falling due within one year
(246,894)
(177,276)
Net current assets
1,001,143
684,952
Net assets
1,001,143
684,952
Called up share capital
20
20
Profit and loss account
1,001,123
684,932
Shareholders' funds
1,001,143
684,952
For the year ending 29 February 2024 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 25 February 2025 and were signed on its behalf by
Mr P J W N Bird
Director
Company Registration No. 12860558
Meitner UK Ltd
Notes to the Accounts
for the year ended 29 February 2024
Meitner UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 12860558. The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ, England.
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.
The accounts are presented in £ sterling, which is the functional currency of the Company, and rounded to the nearest £1.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract, when the following conditions have been met:
a) the amount of revenue can be measured reliably;
b) it is probable that the economic benefits associated with the transaction will flow to the entity;
c) the stage of completion of the transaction at the end of the reporting period can be measured reliably; and
d) the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all the amounts due according to the original terms of the receivable.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Meitner UK Ltd
Notes to the Accounts
for the year ended 29 February 2024
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Amounts falling due within one year
Trade debtors
148,578
283,165
Accrued income and prepayments
11,313
22,082
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
237,729
170,867
Loans from directors
4,881
4,569
Allotted, called up and fully paid:
20 Ordinary shares of £1 each
20
20
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).