Mesh Energy Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Mesh Energy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09524252 . The registered office is Cambridge House, 8 East Street, Farnham, Surrey, GU9 7RX.

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. Going Concern Disclosure

At the balance sheet date, the company had net liabilities of £492,875 (2025: £444,223). The ability of the company to continue trading is dependent on the continued support of the director and the company’s creditors. The director is of the opinion that the company will continue to receive this support and on this basis considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of support by the director and the creditors of the company. The director has detailed forecasts for the coming financial year and is constantly reviewing these. The director has assessed the anticipated sales pipeline and stress tested forecasts, the companies cash flow and access to working capital and believes the company is a going concern on this basis.

2.3. Turnover

Turnover represents the income derived from Energy consultancy activities during the year and is stated net of VAT. Revenue is recognised in reference to the stage of completion of the contract and is recognised when it is probable future economic benefits will flow to the company.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

2.5. Research and Development

Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use.

2.6. 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:

Fixtures & Fittings	33% Straight line
Computer Equipment	33% Straight line

2.7. 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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Mesh Energy Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

2.8. 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.

2.9. Pensions

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in other creditors in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2.10. Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

2.11. Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.

2.12. Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2025: 17)

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Mesh Energy Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 May 2025	10,000

As at 30 April 2026	10,000

Amortisation
As at 1 May 2025	10,000

As at 30 April 2026	10,000

Net Book Value
As at 30 April 2026	-

As at 1 May 2025	-

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 May 2025	446	20,427	20,873
Additions	350	1,000	1,350

As at 30 April 2026	796	21,427	22,223

Depreciation
As at 1 May 2025	149	18,791	18,940
Provided during the period	265	1,969	2,234

As at 30 April 2026	414	20,760	21,174

Net Book Value
As at 30 April 2026	382	667	1,049

As at 1 May 2025	297	1,636	1,933

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	91,317	93,106
Prepayments and accrued income	44,781	21,468
Other debtors	86,040	-
Corporation tax recoverable assets	107,766	115,784

	329,904	230,358

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Mesh Energy Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	83,749	44,623
Bank loans and overdrafts	40,626	78,300
Other loans	64,067	70,886
Other creditors	308,999	258,910
Taxation and social security	295,387	186,648

	792,828	639,367

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	31,596	37,448

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

10. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions of £2,353 (2025: £2,070) were payable at the balance sheet date.

11. Related Party Transactions

At the Balance Sheet date the company owed £268,074 (2025: £230,281) to the directors.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		1,049		1,933

			1,049		1,933
CURRENT ASSETS
Debtors	6	329,904		230,358
Cash at bank and in hand		596		301

		330,500		230,659
Creditors: Amounts Falling Due Within One Year	7	(792,828 )		(639,367 )

NET CURRENT ASSETS (LIABILITIES)			(462,328 )		(408,708 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(461,279 )		(406,775 )

Creditors: Amounts Falling Due After More Than One Year	8		(31,596 )		(37,448 )

NET LIABILITIES			(492,875 )		(444,223 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(492,975 )		(444,323 )

SHAREHOLDERS' FUNDS			(492,875)		(444,223)