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REGISTERED NUMBER: 09570977 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2024

for

Meticulous Services Ltd

Meticulous Services Ltd (Registered number: 09570977)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Meticulous Services Ltd (Registered number: 09570977)

Balance Sheet
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,610 27,644

CURRENT ASSETS
Debtors 5 193,028 53,718
Cash at bank 18,043 18,441
211,071 72,159
CREDITORS
Amounts falling due within one year 6 96,082 53,068
NET CURRENT ASSETS 114,989 19,091
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,599

46,735

CREDITORS
Amounts falling due after more than one year 7 (22,491 ) (37,815 )

PROVISIONS FOR LIABILITIES (4,316 ) (5,252 )
NET ASSETS 110,792 3,668

CAPITAL AND RESERVES
Called up share capital 9 101 101
Retained earnings 110,691 3,567
SHAREHOLDERS' FUNDS 110,792 3,668

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th February 2025 and were signed by:



Dr S Senthil - Director


Meticulous Services Ltd (Registered number: 09570977)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. COMPANY INFORMATION

Meticulous Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09570977

Registered office: The Lexicon
Mount Street
Manchester
M2 5NT

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

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.

Meticulous Services Ltd (Registered number: 09570977)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st June 2023 4,552 - 49,440 4,495 58,487
Additions - 659 - - 659
At 31st May 2024 4,552 659 49,440 4,495 59,146
DEPRECIATION
At 1st June 2023 - - 26,847 3,996 30,843
Charge for year - 165 5,528 - 5,693
At 31st May 2024 - 165 32,375 3,996 36,536
NET BOOK VALUE
At 31st May 2024 4,552 494 17,065 499 22,610
At 31st May 2023 4,552 - 22,593 499 27,644

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st June 2023
and 31st May 2024 49,440
DEPRECIATION
At 1st June 2023
and 31st May 2024 19,437
NET BOOK VALUE
At 31st May 2024 30,003
At 31st May 2023 30,003

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 5,785 10,970
Directors' current accounts 143,703 32,263
Tax 43,540 10,485
193,028 53,718

Meticulous Services Ltd (Registered number: 09570977)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,800 10,800
Hire purchase contracts 5,832 5,832
Corporation tax payable 75,624 33,022
Social security and other taxes 664 300
Accrued expenses 3,162 3,114
96,082 53,068

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans - 2-5 years 14,229 23,721
Hire purchase contracts 8,262 14,094
22,491 37,815

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Hire purchase contracts 14,094 19,926

The HP creditor is secured on the asset that it is financing.

The bank loan has been given under the Government's Bounce Bank Loan Scheme. There is nothing to repay in the first twelve months and the government pays the interest for the first twelve months. The loan is repayable over 5 years commencing after the first 12 month period.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary A £1 100 100
1 Ordinary C £1 1 1
101 101

The A Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The C Shares do not confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The A and C Shares rank pari passu in respect of dividend and capital distribution rights.

Meticulous Services Ltd (Registered number: 09570977)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2024 and 31st May 2023:

31.5.24 31.5.23
£    £   
Dr S Senthil
Balance outstanding at start of year 32,263 40,247
Amounts advanced 167,982 171,567
Amounts repaid (56,542 ) (179,551 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 143,703 32,263

The loan account is repayable on demand and interest of £982 has been charged at the HMRC official rate of 2.50%

11. CONTROL

The ultimate controlling party is Dr S Senthil by virtue of her holding 100% of the voting share capital.