REGISTERED NUMBER: 10533122 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

MERISTEM DESIGN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H Khan

D MacColl

D S P Firth

SECRETARY:

D MacColl

REGISTERED OFFICE:

4th Floor Holden House

57 Rathbone Place

London

W1T 1JU

REGISTERED NUMBER:

10533122 (England and Wales)

ACCOUNTANTS:

Sproull & Co.

Chartered Accountants

First Floor, Jebsen House

53-61 High Street

Ruislip

Middlesex

HA4 7BD

FIXED ASSETS

Tangible assets

4

94,980

57,385

CURRENT ASSETS

Debtors

5

730,006

466,227

Cash at bank

1,621,629

460,632

2,351,635

926,859

CREDITORS

Amounts falling due within one year

6

1,769,241

777,428

NET CURRENT ASSETS

582,394

149,431

TOTAL ASSETS LESS CURRENT LIABILITIES

677,374

206,816

CAPITAL AND RESERVES

Called up share capital

100

100

Capital redemption reserve

2

2

Retained earnings

677,272

206,714

677,374

206,816

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

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

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

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

D MacColl - Director

1.	STATUTORY INFORMATION

Meristem Design 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.

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 etc

-

25% on reducing balance

Taxation

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.

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 contributes to personal pensions schemes for its directors and employees. The assets of the schemes are held by an independent pension provider. The amount charged to the profit and loss account is the contributions payable in the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st January 2024

52,326

50,344

4,378

107,048

Additions

9,679

45,609

5,037

60,325

At 31st December 2024

62,005

95,953

9,415

167,373

DEPRECIATION

At 1st January 2024

20,262

26,319

3,082

49,663

Charge for year

9,014

12,936

780

22,730

At 31st December 2024

29,276

39,255

3,862

72,393

NET BOOK VALUE

At 31st December 2024

32,729

56,698

5,553

94,980

At 31st December 2023

32,064

24,025

1,296

57,385

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

671,649

414,335

Other debtors

58,357

51,892

730,006

466,227

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

69,295

47,955

Taxation and social security

524,584

170,510

Other creditors

1,175,362

558,963

1,769,241

777,428

7.	OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £30,273 (2023 - £32,602).