Meteorik Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14589288

Meteorik Limited

Filleted Unaudited Financial Statements

31 January 2025

Meteorik Limited

Financial Statements

Year ended 31 January 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Meteorik Limited

Statement of Financial Position

31 January 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	2,698	3,445

Current assets

Debtors	6	943	198
Cash at bank and in hand		948	888
		-------	-------
		1,891	1,086

Creditors: amounts falling due within one year	7	156,748	62,840
		---------	--------
Net current liabilities		154,857	61,754
		---------	--------
Total assets less current liabilities		( 152,159)	( 58,309)
		---------	--------
Net liabilities		( 152,159)	( 58,309)
		---------	--------

Capital and reserves

Called up share capital	10	10
Profit and loss account	( 152,169)	( 58,319)
	---------	--------
Shareholders deficit	( 152,159)	( 58,309)
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Meteorik Limited

Statement of Financial Position (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 11 September 2025 , and are signed on behalf of the board by:

V D Gratton

Director

Company registration number: 14589288

Meteorik Limited

Notes to the Financial Statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House,, 27 New Dover Road,, Canterbury,, Kent, CT1 3DN, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors have confirmed no intention of liquidating the company and that there are no significant doubts about the company's ability to continue as a going concern. Accordingly, the financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Equipment
	£
Cost
At 1 February 2024	4,299
Additions	125
	-------
At 31 January 2025	4,424
	-------
Depreciation
At 1 February 2024	854
Charge for the year	872
	-------
At 31 January 2025	1,726
	-------
Carrying amount
At 31 January 2025	2,698
	-------
At 31 January 2024	3,445
	-------

6. Debtors

	2025	2024
	£	£
Other debtors	943	198
	----	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	156,748	62,840
	---------	--------

8. Related party transactions

At the year end the company owed the directors £154,593 (2024: £60,790).