Meletius Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 13106536

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		341,247		421,860

			341,247		421,860
CURRENT ASSETS
Stocks	5	22,876		28,080
Debtors	6	56,167		39,959
Cash at bank and in hand		16,910		7,077

		95,953		75,116
Creditors: Amounts Falling Due Within One Year	7	(2,799,793 )		(2,169,415 )

NET CURRENT ASSETS (LIABILITIES)			(2,703,840 )		(2,094,299 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(2,362,593 )		(1,672,439 )

NET LIABILITIES			(2,362,593 )		(1,672,439 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(2,362,693 )		(1,672,539 )

SHAREHOLDERS' FUNDS			(2,362,593)		(1,672,439)

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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account.

On behalf of the board

Mr Dinuka Seelaman Kankanamalage

Director

29/10/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Meletius Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13106536 . The registered office is Wembley Commercial Centre Building B, Unit Gc, Ground Floor, East Lane, Wembley, HA9 7UR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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:

Plant & Machinery	20% reducing balance
Fixtures & Fittings	20% reducing balance
Computer Equipment	20% 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 21 (2023: 23)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	229,304	315,786	8,487	553,577
Additions	4,540	-	-	4,540

As at 31 December 2024	233,844	315,786	8,487	558,117

Depreciation
As at 1 January 2024	81,789	48,240	1,688	131,717
Provided during the period	30,284	53,509	1,360	85,153

As at 31 December 2024	112,073	101,749	3,048	216,870

...CONTINUED

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Meletius Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	121,771	214,037	5,439	341,247

As at 1 January 2024	147,515	267,546	6,799	421,860

5. Stocks

	2024	2023
	£	£
Stock	22,876	28,080

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	2,337	3,486
Other debtors	53,830	36,473

	56,167	39,959

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	119,699	109,221
Other creditors	2,488,510	1,868,278
Taxation and social security	191,584	191,916

	2,799,793	2,169,415

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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