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REGISTERED NUMBER: 05687437 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MEVA FORMWORK SYSTEMS LIMITED

MEVA FORMWORK SYSTEMS LIMITED (REGISTERED NUMBER: 05687437)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MEVA FORMWORK SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr F F Dingler
Mrs S Matthews
Mr I Edwards





REGISTERED OFFICE: Unit 9 Ninian Way
Ninian Park
Wilnecote
Tamworth
Staffordshire
B77 5ES





REGISTERED NUMBER: 05687437 (England and Wales)





AUDITORS: Philip Barnes & Co Limited
Chartered Accountants
Statutory Auditors
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

MEVA FORMWORK SYSTEMS LIMITED (REGISTERED NUMBER: 05687437)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 53,829 68,699

CURRENT ASSETS
Stocks 76,151 69,026
Debtors 5 1,333,113 807,436
Cash at bank and in hand 253,346 478,630
1,662,610 1,355,092
CREDITORS
Amounts falling due within one year 6 823,760 737,099
NET CURRENT ASSETS 838,850 617,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

892,679

686,692

PROVISIONS FOR LIABILITIES 13,457 17,163
NET ASSETS 879,222 669,529

CAPITAL AND RESERVES
Called up share capital 7 100,000 100,000
Retained earnings 779,222 569,529
SHAREHOLDERS' FUNDS 879,222 669,529

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:




Mr F F Dingler - Director



Mrs S Matthews - Director


MEVA FORMWORK SYSTEMS LIMITED (REGISTERED NUMBER: 05687437)

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

1. STATUTORY INFORMATION

MEVA Formwork Systems 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

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.
Plant and machinery - straight line over 3 years
Fixtures and fittings - 15% reducing balance and straight line over 3 years
Computer equipment - straight line over 3 years

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 Profit and Loss Account, 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.

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.

MEVA FORMWORK SYSTEMS LIMITED (REGISTERED NUMBER: 05687437)

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

3. EMPLOYEES

The average number of employees during the year was 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 309 69,863 35,152 105,324
Additions - 800 2,314 3,114
Disposals - - (208 ) (208 )
At 31 December 2024 309 70,663 37,258 108,230
DEPRECIATION
At 1 January 2024 210 6,813 29,602 36,625
Charge for year 45 14,801 3,059 17,905
Eliminated on disposal - - (129 ) (129 )
At 31 December 2024 255 21,614 32,532 54,401
NET BOOK VALUE
At 31 December 2024 54 49,049 4,726 53,829
At 31 December 2023 99 63,050 5,550 68,699

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,184,191 740,808
Amounts owed by group undertakings 93,728 8,479
Other debtors 55,194 58,149
1,333,113 807,436

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 416,478 161,784
Amounts owed to group undertakings - 206,501
Taxation and social security 219,277 331,386
Other creditors 188,005 37,428
823,760 737,099

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 Ordinary 1 100,000 100,000

MEVA FORMWORK SYSTEMS LIMITED (REGISTERED NUMBER: 05687437)

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

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Faith Bates FCA, FCCA (Senior Statutory Auditor)
for and on behalf of Philip Barnes & Co Limited

9. RELATED PARTY DISCLOSURES

Transactions with an entity in which the director has a participating interest:
20242023
££

Purchases from related party 54,9626,078
Balance due to related party 2,951-


The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

The company's parent undertaking Meva Schalungs-Systeme GmbH (a company registered in Germany), includes the company in it's consolidated financial statements, and these are available at its registered office Industriestraße 5, 72221 Haiterbach, Germany.