REGISTERED NUMBER: 10533122 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

MERISTEM DESIGN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H Khan

D MacColl

D S P Firth

SECRETARY:

D MacColl

REGISTERED OFFICE:

Meristem Design Limited

45-47 Clerkenwell Green

London

EC1R 0EB

REGISTERED NUMBER:

10533122 (England and Wales)

ACCOUNTANTS:

Sproull & Co.

Chartered Accountants

First Floor, Jebsen House

53-61 High Street

Ruislip

Middlesex

HA4 7BD

FIXED ASSETS

Tangible assets

4

69,582

94,980

CURRENT ASSETS

Debtors

5

686,350

730,006

Cash at bank

1,788,849

1,621,629

2,475,199

2,351,635

CREDITORS

Amounts falling due within one year

6

1,211,325

1,769,241

NET CURRENT ASSETS

1,263,874

582,394

TOTAL ASSETS LESS CURRENT LIABILITIES

1,333,456

677,374

CAPITAL AND RESERVES

Called up share capital

100

100

Capital redemption reserve

2

2

Retained earnings

1,333,354

677,272

1,333,456

677,374

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th July 2026 and were signed on its behalf by:

D MacColl - Director

1.	STATUTORY INFORMATION

Meristem Design 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered and goods supplied in the ordinary course of business, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from design and consultancy services is recognised in the period in which the services are performed.

Revenue from installation and landscaping projects is recognised on practical completion of the works. For smaller projects, revenue is recognised when the project is fully delivered; for larger projects, revenue is recognised as each contractually agreed milestone is achieved and the right to consideration arises.

Revenue from maintenance contracts is recognised as each maintenance visit is completed.

Amounts invoiced in advance of the completion of works, milestones or maintenance visits are included within creditors as deferred income, stated net of amounts recognised as revenue but not yet invoiced at the balance sheet date.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Taxation

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, where transactions or events that result in an obligation to pay more tax in the future, or a right to pay less tax in the future, have occurred at the balance sheet date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference. Deferred tax balances are not discounted.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company contributes to personal pensions schemes for its directors and employees. The assets of the schemes are held by an independent pension provider. The amount charged to the profit and loss account is the contributions payable in the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st January 2025

62,005

95,953

9,415

167,373

Additions

1,565

-

1,859

3,424

Disposals

-

(17,649

)

-

(17,649

)

At 31st December 2025

63,570

78,304

11,274

153,148

DEPRECIATION

At 1st January 2025

29,276

39,255

3,862

72,393

Charge for year

8,439

12,664

1,676

22,779

Eliminated on disposal

-

(11,606

)

-

(11,606

)

At 31st December 2025

37,715

40,313

5,538

83,566

NET BOOK VALUE

At 31st December 2025

25,855

37,991

5,736

69,582

At 31st December 2024

32,729

56,698

5,553

94,980

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

636,912

671,649

Other debtors

49,438

58,357

686,350

730,006

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

115,844

69,295

Taxation and social security

504,637

524,584

Other creditors

590,844

1,175,362

1,211,325

1,769,241

7.	OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £47,075 (2024 - £30,273).