Meridian Professional Services Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10918376

		2023		2022
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		116,409		83,799

			116,409		83,799
CURRENT ASSETS
Debtors	6	5,760		-
Cash at bank and in hand		32,130		8,496

		37,890		8,496
Creditors: Amounts Falling Due Within One Year	7	(178,009 )		(102,323 )

NET CURRENT ASSETS (LIABILITIES)			(140,119 )		(93,827 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(23,710 )		(10,028 )

NET LIABILITIES			(23,710 )		(10,028 )

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			(23,712 )		(10,030 )

SHAREHOLDERS' FUNDS			(23,710)		(10,028)

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Meridian Professional Services Ltd

Balance Sheet (continued)

As At 31 August 2023

For the year ending 31 August 2023 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 Daryl Cheetham

Director

14/10/2026

The notes on pages 3 to 5 form part of these financial statements.

1. Revision by Replacement

The financial statements for the year ended 31 August 2023 have been revised.

These financial statements:

replace the original financial statements;
are now the statutory financial statements;
have been prepared as at the date of the original financial statements, and not as at the date of the revision and accordingly do not deal with events between those dates.

The original financial statements did not comply with the requirements of the Companies Act 2006 because they contained material errors and incorrect figures regarding the income, expenditure, assets, and liabilities of the company. These revised accounts replace the original accounts, are now the statutory accounts of the company, and are prepared as they were at the date of the original financial statements.

Pursuant to the Companies (Revision of Defective Accounts and Reports) Regulations 2008, the financial statements have been revised to correct material errors in the calculation of the company’s original financial position. The significant amendments made to the previously filed report are as follows:

• Income (Turnover): Revised from £342,840 to £285,700 to accurately reflect the true turnover.

• Other Income: Revised from £40,513 to £nil to accurately reflect the true other income.

• Expenditure (Administrative Expenses): Revised from £141,257 to £80,147 to correct asset purchases incorrectly included in administrative expenses, and reflect the correct loss on disposal of fixed assets..

• Assets: Total assets have been adjusted from £188,189 to £154,299 due to corrections made to fixed assets.

• Liabilities: Total liabilities have been adjusted from £146,571 to £178,009 to correctly state current liabilities.

These amendments have resulted in a net adjustment to the company's retained profit for the period, which is now stated as £61,318 (previously reported as £113,631).

2. General Information

Meridian Professional Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10918376 . The registered office is 1 Market Street, Altrincham, WA14 1QE.

3. Accounting Policies

3.1. 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.

3.2. 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.

3.3. 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:

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Meridian Professional Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2023

3.4. 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.

4. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2022: 2)

5. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 September 2022	76,431	7,368	83,799
Additions	109,041	-	109,041
Disposals	(76,431 )	-	(76,431 )

As at 31 August 2023	109,041	7,368	116,409

Net Book Value
As at 31 August 2023	109,041	7,368	116,409

As at 1 September 2022	76,431	7,368	83,799

6. Debtors

	2023	2022
	£	£
Due within one year
Trade debtors	5,760	-

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Meridian Professional Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2023

7. Creditors: Amounts Falling Due Within One Year

	2023	2022
	£	£
Trade creditors	599	-
Other creditors	135,843	97,690
Taxation and social security	41,567	4,633

	178,009	102,323

8. Share Capital

	2023	2022
	£	£
Allotted, Called up and fully paid	2	2

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