Company Registration No. 7480102 (England and Wales)
MESH-NET LTD
Unaudited accounts
for the year ended 31 March 2025
MESH-NET LTD
Unaudited accounts
Contents
MESH-NET LTD
Company Information
for the year ended 31 March 2025
Directors
Mr Inderpal Panesar
Mr Gurpal Bhogal
Mrs Kamaljit Panesar
Secretary
Mr Inderpal Panesar
Company Number
7480102 (England and Wales)
Registered Office
Ceme Innovation Centre
Marsh Way
Rainham
Essex
RM13 8EU
England
MESH-NET LTD
Statement of financial position
as at 31 March 2025
Tangible assets
10,157
15,227
Cash at bank and in hand
168,825
125,316
Creditors: amounts falling due within one year
(110,536)
(115,585)
Net current assets
205,975
190,499
Total assets less current liabilities
216,232
205,826
Creditors: amounts falling due after more than one year
(2,500)
(12,500)
Provisions for liabilities
Deferred tax
(1,929)
(2,892)
Net assets
211,803
190,434
Called up share capital
100
100
Profit and loss account
211,703
190,334
Shareholders' funds
211,803
190,434
For the year ending 31 March 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by
Mr Inderpal Panesar
Director
Company Registration No. 7480102
MESH-NET LTD
Notes to the Accounts
for the year ended 31 March 2025
MESH-NET LTD is a private company, limited by shares, registered in England and Wales, registration number 7480102. The registered office is Ceme Innovation Centre, Marsh Way, Rainham, Essex, RM13 8EU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover shown in the profit and loss account represents revenue earned during the year, exclusive of Value Added Tax.
Tangible assets are initially measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance basis
Fixtures & fittings
25% on reducing balance basis
Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.
Expenditure on research and development is written off in the year in which it is incurred.
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
MESH-NET LTD
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2024
39,032
1,321
40,353
Disposals
(7,695)
(434)
(8,129)
At 31 March 2025
31,595
887
32,482
At 1 April 2024
23,942
1,184
25,126
Charge for the year
3,363
21
3,384
On disposals
(5,800)
(385)
(6,185)
At 31 March 2025
21,505
820
22,325
At 31 March 2025
10,090
67
10,157
At 31 March 2024
15,090
137
15,227
5
Investments
Subsidiary undertakings
Valuation at 1 April 2024
100
Valuation at 31 March 2025
100
The company holds 100% ordinary shares of Mesh-IOT Limited, a company registered in England & Wales. Mesh-IOT Limited was a dormant company as at 31 March 2025.
Amounts falling due within one year
Trade debtors
122,360
146,340
Amounts due from group undertakings etc.
5
5
Accrued income and prepayments
4,170
9,017
7
Investments held as current assets
2025
2024
Unlisted investments
291
291
MESH-NET LTD
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
10,000
Trade creditors
45,006
26,017
Taxes and social security
5,170
6,982
Loans from directors
20,000
20,000
Deferred income
28,360
40,000
9
Creditors: amounts falling due after more than one year
2025
2024
The Company received Bounce Back Loan of £50,000 repayable over five years, with an APR of 2.50%,
The first twelve months interest at 0% APR, with repayment starting on 11th July 2021.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Transactions with related parties
Debtors include a working capital loan balance of £5 (2024: £5), which is interest free, to it's subsidiary company Mesh-IOT Limited.
Mr Inderpal Panesar is the ultimate controlling party by virtue of his controlling shareholding in the company.
13
Average number of employees
During the year the average number of employees was 5 (2024: 5).