REGISTERED NUMBER: 05231348 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Meridian Dry Lining Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T J Harding

Mr D J Necci

SECRETARY:

Mr T J Harding

REGISTERED OFFICE:

Bank Chambers

61 High Street

Cranbrook

Kent

TN17 3EG

BUSINESS ADDRESS:

28 Lancet Lane

Loose

Maidstone

Kent

ME15 9RY

REGISTERED NUMBER:

05231348 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Bank Chambers

61 High Street

Cranbrook

Kent

TN17 3EG

FIXED ASSETS

Tangible assets

4

63,985

40,771

CURRENT ASSETS

Stocks

2,978

3,025

Debtors

5

213,219

229,089

Cash at bank

283,353

205,656

499,550

437,770

CREDITORS

Amounts falling due within one year

6

236,562

182,826

NET CURRENT ASSETS

262,988

254,944

TOTAL ASSETS LESS CURRENT LIABILITIES

326,973

295,715

CREDITORS

Amounts falling due after more than one year

7

(3,531

)

(13,950

)

PROVISIONS FOR LIABILITIES

(15,228

)

(7,746

)

NET ASSETS

308,214

274,019

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

308,114

273,919

SHAREHOLDERS' FUNDS

308,214

274,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2025 and were signed on its behalf by:

Mr T J Harding - Director

Mr D J Necci - Director

1.	STATUTORY INFORMATION

Meridian Dry Lining 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tools and equipment

-

15% on reducing balance

Office equipment

-

33% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Tools and

Office

Motor

equipment

equipment

vehicles

Totals

£

£

£

£

COST

At 1 March 2024

20,784

5,077

183,606

209,467

Additions

-

-

49,668

49,668

Disposals

(7,900

)

(668

)

(33,027

)

(41,595

)

At 28 February 2025

12,884

4,409

200,247

217,540

DEPRECIATION

At 1 March 2024

13,622

3,774

151,300

168,696

Charge for year

905

513

11,514

12,932

Eliminated on disposal

(6,767

)

(535

)

(20,771

)

(28,073

)

At 28 February 2025

7,760

3,752

142,043

153,555

NET BOOK VALUE

At 28 February 2025

5,124

657

58,204

63,985

At 29 February 2024

7,162

1,303

32,306

40,771

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

162,260

183,960

Other debtors

50,959

45,129

213,219

229,089

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

10,419

10,162

Trade creditors

104,676

120,071

Taxation and social security

42,541

16,147

Other creditors

78,926

36,446

236,562

182,826

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

3,531

13,950

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

100

Ordinary

£1

100

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

28.2.25

29.2.24

£

£

Mr T J Harding

Balance outstanding at start of year

-

-

Amounts advanced

6,500

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

6,500

-