Registration number: 04424331

MEUC Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

MEUC Limited

(Registration number: 04424331)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	84	337
Current assets
Debtors	6	139,955	127,474
Cash at bank and in hand		68,070	22,832
		208,025	150,306
Creditors: Amounts falling due within one year	7	(391,093)	(348,749)
Net current liabilities		(183,068)	(198,443)
Net liabilities		(182,984)	(198,106)
Capital and reserves
Called up share capital	8	120,160	120,160
Retained earnings		(303,144)	(318,266)
Shareholders' deficit		(182,984)	(198,106)

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 29 September 2025
 

Mr P A Roper Director

MEUC Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
86-90 Paul Street
London
EC2A 4NE

These financial statements were authorised for issue by the director on 29 September 2025.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The position of the company has been considered and reviewed by the director and continues to trade as a going concern.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

MEUC Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer Equipment	20% Straight Line
Plant & Machinery	25% Straight Line

Amortisation

Asset class	Amortisation method and rate
Goodwill	20% Straight Line

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2024 - 5).

MEUC Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4	Profit/loss before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	253	605

5	Tangible assets

	Furniture, fittings and equipment  £	Plant & Machinery £	Total £
Cost or valuation
At 1 May 2024	6,794	6,994	13,788
At 30 April 2025	6,794	6,994	13,788
Depreciation
At 1 May 2024	6,457	6,994	13,451
Charge for the year	253	-	253
At 30 April 2025	6,710	6,994	13,704
Carrying amount
At 30 April 2025	84	-	84
At 30 April 2024	337	-	337

6

Debtors

Current	2025 £	2024 £
Trade debtors	134,496	126,462
Prepayments	5,459	1,012
	139,955	127,474

MEUC Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	77,000	95,000
Trade creditors		2,263	1,671
Taxation and social security		48,000	37,558
Accruals and deferred income		260,790	211,566
Other creditors		3,040	2,954
		391,093	348,749

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	300	300	300	300
Preference Shares of £1 each	119,850	119,850	119,850	119,850
Non Voting A Shares of £1 each	10	10	10	10
	120,160	120,160	120,160	120,160

9	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	77,000	95,000