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Registered number: 03657249
Meatline Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2025
Xeinadin South Essex Limited
Cumberland House
24 - 28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 03657249
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 324,372 343,969
Tangible Assets 5 100,482 114,636
Investments 6 35,000 35,000
459,854 493,605
CURRENT ASSETS
Stocks 7 83,565 95,877
Debtors 8 458,697 359,794
Cash at bank and in hand 98,013 85,669
640,275 541,340
Creditors: Amounts Falling Due Within One Year 9 (506,775 ) (400,446 )
NET CURRENT ASSETS (LIABILITIES) 133,500 140,894
TOTAL ASSETS LESS CURRENT LIABILITIES 593,354 634,499
Creditors: Amounts Falling Due After More Than One Year 10 (16,876 ) (32,472 )
NET ASSETS 576,478 602,027
CAPITAL AND RESERVES
Called up share capital 11 8 8
Profit and Loss Account 576,470 602,019
SHAREHOLDERS' FUNDS 576,478 602,027
Page 1
Page 2
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stephen Sims
Director
28/07/2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Meatline Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03657249 . The registered office is c/o Xeinadin South East Ltd, The Rivendell Centre, White Horse Lane, Maldon, Essex, CM9 5QP.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale 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.
2.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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Page 4
2.4. 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:
Leasehold 20% reducing balance
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2024: 16)
16 16
4. Intangible Assets
Development Costs
£
Cost
As at 1 November 2024 441,265
As at 31 October 2025 441,265
Amortisation
As at 1 November 2024 97,296
Provided during the period 19,597
As at 31 October 2025 116,893
Net Book Value
As at 31 October 2025 324,372
As at 1 November 2024 343,969
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 November 2024 13,454 142,959 86,028 2,032
Additions - 1,279 9,800 64
Disposals - - (7,500 ) -
As at 31 October 2025 13,454 144,238 88,328 2,096
Depreciation
As at 1 November 2024 13,243 87,385 34,317 1,171
Provided during the period 197 11,286 10,018 180
Disposals - - (4,658 ) -
As at 31 October 2025 13,440 98,671 39,677 1,351
Net Book Value
As at 31 October 2025 14 45,567 48,651 745
As at 1 November 2024 211 55,574 51,711 861
Page 5
Page 6
Computer Equipment Total
£ £
Cost
As at 1 November 2024 13,236 257,709
Additions 567 11,710
Disposals - (7,500 )
As at 31 October 2025 13,803 261,919
Depreciation
As at 1 November 2024 6,957 143,073
Provided during the period 1,341 23,022
Disposals - (4,658 )
As at 31 October 2025 8,298 161,437
Net Book Value
As at 31 October 2025 5,505 100,482
As at 1 November 2024 6,279 114,636
6. Investments
Subsidiaries
£
Cost or Valuation
As at 1 November 2024 35,000
As at 31 October 2025 35,000
Provision
As at 1 November 2024 -
As at 31 October 2025 -
Net Book Value
As at 31 October 2025 35,000
As at 1 November 2024 35,000
7. Stocks
2025 2024
£ £
Stock 83,565 95,877
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8. Debtors
2025 2024
£ £
Due within one year
Amounts recoverable on contracts 458,697 359,794
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 506,775 400,446
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 16,876 32,472
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 8 8
Page 7