Registrar

Registration number: 10938375

M2U Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

M2U Ltd

Company Information

Directors

D A Halls

Registered office

3 Warners Mill Silks Way Braintree Essex CM7 3GB

Bankers

Barclays Bank PLC Chelmsford 40-41 High Street Chelmsford Essex CM1 1BE

Accountants

Lambert Chapman LLP 3 Warners Mill Silks Way Braintree Essex CM7 3GB

M2U Ltd

(Registration number: 10938375)
Balance Sheet as at 31 August 2025

	Note	2025 £	(As restated) 2024 £
Fixed assets
Intangible assets	4	2,000	4,000
Tangible assets	5	28,214	53,284
		30,214	57,284
Current assets
Stocks	6	22,188	19,308
Debtors	7	36,517	33,761
Cash at bank and in hand		9,996	22,471
		68,701	75,540
Creditors: Amounts falling due within one year	8	(66,396)	(69,512)
Net current assets		2,305	6,028
Total assets less current liabilities		32,519	63,312
Creditors: Amounts falling due after more than one year	8	(39,474)	(61,356)
Net (liabilities)/assets		(6,955)	1,956
Capital and reserves
Called up share capital	9	100	100
Retained earnings		(7,055)	1,856
Shareholders' (deficit)/funds		(6,955)	1,956

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

M2U Ltd

(Registration number: 10938375)
Balance Sheet as at 31 August 2025

Approved and authorised by the director on 17 February 2026
 

D A Halls
Director

M2U Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB.

These financial statements were authorised for issue by the director on 17 February 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Reclassification of comparative amounts

The prior period has been restated due to the following:

Reclassification of cost of sales wages being included in administrative expenses totalling £96,846. This has had no effect on net assets or the loss before tax.

Reclassification of the hire purchase creditor and bank loans and borrowings, totalling £41,087, from creditors falling due after more than one year to creditors falling due within one year. This has had no impact on the total liabilities of the company nor the net assets.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of good and provision of services in the ordinary course of the company's activities. Turnover is show net of value added tax,
returns, rebates and discounts.

The company recognises revenue when:

Sales 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.

M2U Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	5% Straight line
Plant and machinery	25% Straight line
Computer equipment	33% Straight line
Motor vehicles	25% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows: It is amortised over a 10 year straight line policy.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

M2U Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 11 (2024 - 10).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 September 2024	10,000	10,000
At 31 August 2025	10,000	10,000
Amortisation
At 1 September 2024	6,000	6,000
Amortisation charge	2,000	2,000
At 31 August 2025	8,000	8,000
Carrying amount
At 31 August 2025	2,000	2,000
At 31 August 2024	4,000	4,000

M2U Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

5	Tangible assets

	Leasehold £	Computer equipment £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 September 2024	15,600	1,947	88,803	12,860	119,210
Additions	-	-	-	2,535	2,535
Disposals	-	(1,006)	(28,799)	-	(29,805)
At 31 August 2025	15,600	941	60,004	15,395	91,940
Depreciation
At 1 September 2024	4,680	1,947	46,439	12,860	65,926
Charge for the year	780	-	10,591	464	11,835
Eliminated on disposal	-	(1,006)	(13,029)	-	(14,035)
At 31 August 2025	5,460	941	44,001	13,324	63,726
Carrying amount
At 31 August 2025	10,140	-	16,003	2,071	28,214
At 31 August 2024	10,920	-	42,364	-	53,284

6

Stocks

	2025 £	2024 £
Stock	22,188	19,308

7

Debtors

	Note	2025 £	2024 £
Trade debtors		31,913	33,761
Directors loan account	11	3,401	-
Other debtors		1,203	-
		36,517	33,761

M2U Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	(As restated) 2024 £
Due within one year
Loans and borrowings	10	28,932	41,087
Trade creditors		2,153	4,692
Taxation and social security		22,822	10,206
Other creditors		11,289	11,196
Directors loan		-	1,481
Accruals and deferred income		1,200	850
		66,396	69,512

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £3,832 (2024 - £15,536).

Creditors: amounts falling due after more than one year

	Note	2025 £	(As restated) 2024 £
Due after one year
Loans and borrowings	10	39,474	61,356

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £0 (2024 - £3,832)

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

M2U Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

10	Loans and borrowings

Current loans and borrowings

	2025 £	(As restated) 2024 £
Bank borrowings	25,100	25,551
Hire purchase contracts	3,832	15,536
	28,932	41,087

Non-current loans and borrowings

	2025 £	(As restated) 2024 £
Bank borrowings	39,474	57,524
Hire purchase contracts	-	3,832
	39,474	61,356

11	Related party transactions

Transactions with the director

2025	At 1 September 2024 £	Advances to director £	Repayments by director £	At 31 August 2025 £
	(1,481)	21,662	(16,780)	3,401