Average number of employees

Additional Disclosures

1 General information Mezini & Co Uk Ltd (company number: 15237112) is a private company limited by shares and incorporated in England and Wales. Its registered office is 37 Coniston Close, Gillingham, Kent, ME7 2TJ The directors’ believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements. 2 Accounting policies Revenue recognition Turnover represents amounts receivable for goods and services net of VAT and trade discounts. The amount recorded as turnover in respect of long term contracts is ascertained by reference to the value of work carried out to date. Attributable profit is recognised as the difference between turnover and attributable costs to date, where the outcome of the contract can be assessed with reasonable certainty. Foreseeable losses on long term contracts are provided for in full once the expected loss has been ascertained with reasonable certainty. Tangible assets Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Motor Vehicles: 25% on reducing balance Plant & Machinery 20% on reducing balance At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Foreign currencies The financial statements are presented in Sterling, which is also the functional currency of the company. Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Taxation Taxation represents the sum of tax currently payable and deferred tax. 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. Pensions The company operates a defined contribution pension scheme, Mezini & Co UK Ltd Pension Scheme, for the employees. At the balance sheet date, unpaid contributions of £0.00 were due to the fund. 3 Employees The average number of persons employed by the company (including directors) during the year was 1 (2024 – 25). 4 Loans from Directors During the year 23/24 the company received a loan of £12,750.00 from the Director for the purchase of a business asset. The loan is repayable monthly at an agreed and fixed value and interest-free. As at 24/25 accounting period, £10,749.96 is remaining to be repaid to the director. 5 Dividends There were no unpaid Dividends at the end of the period. The value paid is found in the Equity section of the balance sheet 'Dividends Paid'