REGISTERED NUMBER: 03515265 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Meridian Productivity Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Austad

K Barfelt

M G McCoy

REGISTERED OFFICE:

Daws House

33-35 Daws Lane

London

NW7 4SD

REGISTERED NUMBER:

03515265 (England and Wales)

ACCOUNTANTS:

Jeffrey Crawford & Co

Chartered Accountants

25 Castle Terrace

Edinburgh

EH1 2ER

FIXED ASSETS

Tangible assets

4

11,741

6,044

CURRENT ASSETS

Debtors

5

121,016

486,649

Cash at bank

85,906

78,733

206,922

565,382

CREDITORS

Amounts falling due within one year

6

841,260

747,914

NET CURRENT LIABILITIES

(634,338

)

(182,532

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(622,597

)

(176,488

)

CREDITORS

Amounts falling due after more than one year

7

1,667

11,667

NET LIABILITIES

(624,264

)

(188,155

)

CAPITAL AND RESERVES

Called up share capital

13,333

13,333

Retained earnings

(637,597

)

(201,488

)

SHAREHOLDERS' FUNDS

(624,264

)

(188,155

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 June 2026 and were signed on its behalf by:

M G McCoy - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The company had Total Net liabilities at the balance sheet date of £624,264 (2024:Net liabilities £188,155) and had year end net current liabilities of £634,338 (2024:liabilities of £182,532) resulting from a substantial loss in the year of £436,109 (2024: £117,038 loss) . Included in current liabilities is an amount of £722,679 (2024: £543,333) due to parent undertakings.

Given the losses sustained and deficit on the balance sheet the company is dependent upon the future financial support of the directors and parent undertaking. The directors believe that there are adequate resources available from the parent companies to cover the losses and continued access to group financial support to meet the day to day requirements. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Since the balance sheet date the company has reversed the losses and has made a small profit so far and the directors are continuing to work on increasing the profitability in the year with the support of the parent company resources.

In the event that the company would not be able to continue as a going concern the assets of the company would require to be written down to realisable values. With the directors confidence that the situation can be reversed the financial statements do not include any adjustments that would be required if the company was unable to continue as a going concern.

Significant judgements and estimates

Preparing the financial statements may require the director to make significant judgements and estimates. There were no items in the financial statements where these judgements and estimates were required.

Turnover

Turnover consists of the sales value, excluding VAT, of work in the period falling within the company's ordinary activities to supply services to third parties.

The company recognises revenue when the amount of revenue can be measured reliably and when it is probable

that future economic benefits will flow to the entity.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance and 20% on cost

Computer equipment

-

25% on reducing balance

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, directors loan and bank loan.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

17,352

54,042

71,394

Additions

-

11,748

11,748

Disposals

(17,352

)

(36,031

)

(53,383

)

At 31 December 2025

-

29,759

29,759

DEPRECIATION

At 1 January 2025

17,352

47,998

65,350

Charge for year

-

4,055

4,055

Eliminated on disposal

(17,352

)

(34,035

)

(51,387

)

At 31 December 2025

-

18,018

18,018

NET BOOK VALUE

At 31 December 2025

-

11,741

11,741

At 31 December 2024

-

6,044

6,044

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

116,400

479,640

Other debtors

4,616

7,009

121,016

486,649

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

43,156

3,743

Taxation and social security

55,185

146,962

Other creditors

732,919

587,209

841,260

747,914

Other creditors includes a loan from the ultimate parent company Mantec International AB of £722,679 (2024 £543,333). The balance due is interest free, unsecured and repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,667

11,667

8.	RELATED PARTY DISCLOSURES

The company is wholly owned by it's parent company Mantec Europe Limited a UK based company, the ultimate parent undertaking is Mantec International AB, a Swedish based company and share common board members.