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Registered number: 08704235
Meridia Management Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Focal Business Group Limited
Chartered Institue of Management Accountants
4A Church Street
Market Harborough
Leicestershire
LE16 7AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08704235
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 45,983 50,620
Tangible Assets 5 711,761 107,423
757,744 158,043
CURRENT ASSETS
Stocks 6 607,046 553,445
Debtors 7 216,685 161,591
Cash at bank and in hand 222,629 361,473
1,046,360 1,076,509
Creditors: Amounts Falling Due Within One Year 8 (914,302 ) (589,326 )
NET CURRENT ASSETS (LIABILITIES) 132,058 487,183
TOTAL ASSETS LESS CURRENT LIABILITIES 889,802 645,226
PROVISIONS FOR LIABILITIES
Deferred Taxation (51,583 ) (26,856 )
NET ASSETS 838,219 618,370
CAPITAL AND RESERVES
Called up share capital 10 14 14
Profit and Loss Account 838,205 618,356
SHAREHOLDERS' FUNDS 838,219 618,370
Page 1
Page 2
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.
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 Gary Lewy
Director
23 December 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Meridia Management Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08704235 . The registered office is 4A Church Street, Market Harborough, Leicestershire, LE16 7AA.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. 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:
Freehold 2% Straight line
Leasehold 2% Straight line, 5 years & 15 years
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% Reducing balance
Computer Equipment 20% Reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.6. 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.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2024: 3)
16 3
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 69,167
As at 31 March 2025 69,167
Amortisation
As at 1 April 2024 18,547
Provided during the period 4,637
As at 31 March 2025 23,184
...CONTINUED
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Page 5
Net Book Value
As at 31 March 2025 45,983
As at 1 April 2024 50,620
5. Tangible Assets
Land & Property
Freehold Leasehold Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 - 17,377 - 161,965
Additions 509,250 595 110,000 20,098
As at 31 March 2025 509,250 17,972 110,000 182,063
Depreciation
As at 1 April 2024 - 1,581 - 74,613
Provided during the period 3,819 1,567 10,166 19,198
As at 31 March 2025 3,819 3,148 10,166 93,811
Net Book Value
As at 31 March 2025 505,431 14,824 99,834 88,252
As at 1 April 2024 - 15,796 - 87,352
Computer Equipment Total
£ £
Cost
As at 1 April 2024 10,021 189,363
Additions - 639,943
As at 31 March 2025 10,021 829,306
Depreciation
As at 1 April 2024 5,746 81,940
Provided during the period 855 35,605
As at 31 March 2025 6,601 117,545
Net Book Value
As at 31 March 2025 3,420 711,761
As at 1 April 2024 4,275 107,423
Page 5
Page 6
6. Stocks
2025 2024
£ £
Materials 607,046 553,445
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 79,775 71,300
Other debtors 136,910 90,291
216,685 161,591
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 35,010 -
Trade creditors 80,001 50,331
Other creditors 649,189 420,125
Taxation and social security 150,102 118,870
914,302 589,326
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 35,010 -
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 14 14
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