Mesh4 Ltd

	Page
Company Information	1
Accountants' Report	2
Statement of Financial Position	3—4
Notes to the Financial Statements	5—9

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Mesh4 Ltd

Accountants' Report

For The Year Ended 31 December 2024

Accountants' Report

Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Mesh4 Ltd For The Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mesh4 Ltd for the year ended 31 December 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Mesh4 Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Mesh4 Ltd and state those matters that we have agreed to state to the director of Mesh4 Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mesh4 Ltd and its director, as a body, for our work or for this report.

It is your duty to ensure that Mesh4 Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Mesh4 Ltd . You consider that Mesh4 Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Mesh4 Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Sterling Accounting Solutions Ltd

09/09/2025

Sterling Accounting Solutions Ltd

Chartered Accountants

SAS House

Chipperfield Road

Kings Langley

Hertfordshire

WD4 9JB

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Mesh4 Ltd

Statement of Financial Position

As At 31 December 2024

Statement of Financial Position

Registered number: 03446917

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		10,566		9,098

			10,566		9,098
CURRENT ASSETS
Stocks	5	103,994		88,521
Debtors	6	770,931		1,091,591
Cash at bank and in hand		165,878		89,565

		1,040,803		1,269,677
Creditors: Amounts Falling Due Within One Year	7	(262,823 )		(262,516 )

NET CURRENT ASSETS (LIABILITIES)			777,980		1,007,161

TOTAL ASSETS LESS CURRENT LIABILITIES			788,546		1,016,259

Creditors: Amounts Falling Due After More Than One Year	8		(15,000 )		(45,000 )

NET ASSETS			773,546		971,259

CAPITAL AND RESERVES
Called up share capital	10		3,969,263		3,969,263
Share premium account			540,298		540,298
Income Statement			(3,736,015 )		(3,538,302 )

SHAREHOLDERS' FUNDS			773,546		971,259

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Mesh4 Ltd

Statement of Financial Position (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

James Smirthwaite

Director

09/09/2025

The notes on pages 5 to 9 form part of these financial statements.

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Mesh4 Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Mesh4 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03446917 . The registered office is SAS House, Chipperfield Road, Kings Langley, Hertfordshire, WD4 9JB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Website Development	20% straight line
Fixtures & Fittings	25% reducing balance
Computer Equipment	33.3% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Mesh4 Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Financial Instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss.

All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Mesh4 Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 2)

4. Tangible Assets

	Website Development	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	3,000	21,375	1,856	26,231
Additions	-	4,570	-	4,570

As at 31 December 2024	3,000	25,945	1,856	30,801

Depreciation
As at 1 January 2024	2,375	13,641	1,117	17,133
Provided during the period	625	2,232	245	3,102

As at 31 December 2024	3,000	15,873	1,362	20,235

Net Book Value
As at 31 December 2024	-	10,072	494	10,566

As at 1 January 2024	625	7,734	739	9,098

5. Stocks

	2024	2023
	£	£
Stock	103,994	88,521

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Mesh4 Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	79,585	140,768
Prepayments and accrued income	4,599	11,770
Other debtors	6,642	243,198
Deferred tax current asset	588,932	604,682
Amounts owed by group undertakings	91,173	91,173

	770,931	1,091,591

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	71,293	77,479
Bank loans and overdrafts	30,001	30,001
Other taxes and social security	2,205	2,397
VAT	53,836	60,915
Other creditors	661	457
Accruals and deferred income	31,287	17,727
Director's loan account	73,540	73,540

	262,823	262,516

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	15,000	45,000

9. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 January 2024	(604,682 )	(604,682)
Deferred taxation	15,750	15,750

Balance at 31 December 2024	(588,932 )	(588,932)

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Mesh4 Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
3,969,263 Ordinary Shares of £ 1.00 each	3,969,263	3,969,263

11. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date unpaid contributions of £457 (2023: £457) were due to the fund. They are included in Other Creditors.

12. Related Party Transactions

During the year the company had sales of £27,560 (2023: £39,294) and purchases of £71,799 (2023: £117,101) with companies under common control.

At the year end £204 (2023: £Nil) was owed to companies under common control. The balance is included within other creditors.

At the year-end £6,642 (2023: £236,993) was owed from companies under common control. The balance is included within other debtors.

13. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is MARBHP Limited . MARBHP Limited was incorporated in England and Wales.

The ultimate controlling party is James Smirthwaite who controls 70% of the shares of MARBHP Limited .

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Director	James Smirthwaite

Company Number	03446917

Registered Office	SAS House
	Chipperfield Road
	Kings Langley
	Hertfordshire
	WD4 9JB

Accountants	Sterling Accounting Solutions Ltd
	Chartered Accountants
	SAS House
	Chipperfield Road
	Kings Langley
	Hertfordshire
	WD4 9JB