Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-3012023-10-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12205989 2023-10-01 2024-09-30 12205989 2022-10-01 2023-09-30 12205989 2024-09-30 12205989 2023-09-30 12205989 c:Director1 2023-10-01 2024-09-30 12205989 d:MotorVehicles 2023-10-01 2024-09-30 12205989 d:CurrentFinancialInstruments 2024-09-30 12205989 d:CurrentFinancialInstruments 2023-09-30 12205989 d:Non-currentFinancialInstruments 2024-09-30 12205989 d:Non-currentFinancialInstruments 2023-09-30 12205989 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 12205989 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 12205989 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 12205989 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 12205989 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 12205989 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 12205989 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 12205989 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 12205989 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-09-30 12205989 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 12205989 d:ShareCapital 2024-09-30 12205989 d:ShareCapital 2023-09-30 12205989 d:RetainedEarningsAccumulatedLosses 2024-09-30 12205989 d:RetainedEarningsAccumulatedLosses 2023-09-30 12205989 c:FRS102 2023-10-01 2024-09-30 12205989 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12205989 c:FullAccounts 2023-10-01 2024-09-30 12205989 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12205989 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 12205989









MERIDIAN NORTHWEST LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
MERIDIAN NORTHWEST LIMITED
REGISTERED NUMBER: 12205989

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Cash at bank and in hand
 4 
143
195

  
143
195

Creditors: amounts falling due within one year
 5 
(59,590)
(55,299)

Net current liabilities
  
 
 
(59,447)
 
 
(55,104)

Total assets less current liabilities
  
(59,447)
(55,104)

Creditors: amounts falling due after more than one year
 6 
(36,343)
(36,041)

  

Net liabilities
  
(95,790)
(91,145)


Capital and reserves
  

Called up share capital 
  
20
20

Profit and loss account
  
(95,810)
(91,165)

  
(95,790)
(91,145)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 March 2025.


Muzamil Choudury
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
MERIDIAN NORTHWEST LIMITED
REGISTERED NUMBER: 12205989
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024


Page 2

 
MERIDIAN NORTHWEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Meridian Northwest Limited is a private company limited by shares, registered in England and Wales. Its
registered office is at Bushbury House, 435 Wimslow Road, Manchester M20 4AF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
MERIDIAN NORTHWEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
22%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

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.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 2).

Page 4

 
MERIDIAN NORTHWEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
143
195

143
195



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
5,500
5,500

Corporation tax
2,150
3,191

Other creditors
48,100
44,208

Accruals and deferred income
3,840
2,400

59,590
55,299



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
36,343
36,041

36,343
36,041


The following liabilities were secured:

2024
2023
£
£



Bank Loans
41,843
41,541

41,843
41,541

Details of security provided:

Included in bank loans is an unsecured bounce bank loan. Interest is charged at a rate of 2.5% and is fully backed by the UK goverment under the BBLS rules.

Page 5

 
MERIDIAN NORTHWEST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
5,500
5,500


5,500
5,500

Amounts falling due 1-2 years

Bank loans
5,500
5,500


5,500
5,500

Amounts falling due 2-5 years

Bank loans
16,500
16,500


16,500
16,500

Amounts falling due after more than 5 years

Bank loans
14,343
14,041

14,343
14,041

41,843
41,541


 
Page 6