MEASMERIZE LTD


Directors	CALENTI, Filippo
	HARVEY, Bernard George


Registered Address	First Floor
	2 Hampton Court Road
	Birmingham
	B17 9AE


Registered Number	10644664 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue 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.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Amortisation
	Intangible assets are being written off on a reducing balance basis at a rate of 20% per annum.

	Research and development
	All research costs are expensed. Costs related to the development of products are capitalised when they meet the criteria stated in FRS 102, Section 18 Intangible assets other than Goodwill. All other development expenditure is recognised as an expense in the period in which it is incurred.

	Development costs
	Capitalised development costs are stated at cost less accumulated amortisation and accumulated impairment losses (cost model). Amortisation is recognised using the reducing balance basis and results in the carrying amount being expensed in profit or loss over the estimated useful life.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	33
	Fixtures and fittings	33
	Office Equipment	33

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees
	The company had an average of five employees during the year, comprising one employee in the United Kingdom and four employees in the Italian branch.


		2025		2024
	Average number of employees during the year	5		4

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 April 24	235,426	235,426
Additions	177,682	177,682
At 31 March 25	413,108	413,108
Amortisation and impairment
At 01 April 24	111,145	111,145
Charge for year	46,158	46,158
At 31 March 25	157,303	157,303
Net book value
At 31 March 25	255,805	255,805
At 31 March 24	124,281	124,281

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 April 24	9,246	9,246
Additions	2,895	2,895
At 31 March 25	12,141	12,141
Depreciation and impairment
At 01 April 24	3,014	3,014
Charge for year	1,801	1,801
At 31 March 25	4,815	4,815
Net book value
At 31 March 25	7,326	7,326
At 31 March 24	6,232	6,232

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	120,687	155,319
Other debtors	44,183	-
Prepayments and accrued income	10,086	15,669
Total	174,956	170,988

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	64,648	21,279
Taxation and social security	20,467	35,577
Other creditors	317,281	194,751
Accrued liabilities and deferred income	10,803	6,456
Total	413,199	258,063

7.	Related party transactions
	During the year, the company entered into the following transactions with related parties: Filippo Calenti (Filippo Calenti is a director and shareholder of Measmerize Ltd) Loan from Director At the balance sheet date, the amount due to Filippo Calenti was £195,756 (2024 £128,651). Birgit Carnelli Dompe (Birgit Carnelli Dompe is a shareholder of Measmerize Ltd) Loan from Shareholder At the balance sheet date, the amount due to Birgit Carnelli Dompe was £44,546 (2024 £44,546)

Related party transactions

During the year, the company entered into the following transactions with related parties: 

Filippo Calenti
(Filippo Calenti is a director and shareholder of Measmerize Ltd)
Loan from Director
At the balance sheet date, the amount due to Filippo Calenti was £195,756 (2024 £128,651).

Birgit Carnelli Dompe
(Birgit Carnelli Dompe is a shareholder of Measmerize Ltd)
Loan from Shareholder
At the balance sheet date, the amount due to Birgit Carnelli Dompe was £44,546 (2024 £44,546)

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		255,805		124,281
Tangible assets	4		7,326		6,232
			263,131		130,513
Current assets
Debtors	5	174,956		170,988
Cash at bank and on hand		53,472		56,534
		228,428		227,522
Creditors amounts falling due within one year	6	(413,199)		(258,063)
Net current assets (liabilities)			(184,771)		(30,541)
Total assets less current liabilities			78,360		99,972
Net assets			78,360		99,972
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			77,360		98,972
Shareholders' funds			78,360		99,972