| REGISTERED NUMBER: |
| MERIDIAN (SPECIALITY PACKAGING) LIMITED |
| Unaudited Financial Statements for the Year Ended 28 February 2025 |
| REGISTERED NUMBER: |
| MERIDIAN (SPECIALITY PACKAGING) LIMITED |
| Unaudited Financial Statements for the Year Ended 28 February 2025 |
| MERIDIAN (SPECIALITY PACKAGING) LIMITED (REGISTERED NUMBER: 03440767) |
| Contents of the Financial Statements |
| for the year ended 28 February 2025 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 7 |
| MERIDIAN (SPECIALITY PACKAGING) LIMITED |
| Company Information |
| for the year ended 28 February 2025 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| CUBO Birmingham |
| 4th Floor |
| Two Chamberlain Square |
| Birmingham |
| West Midlands |
| B3 3AX |
| MERIDIAN (SPECIALITY PACKAGING) LIMITED (REGISTERED NUMBER: 03440767) |
| Statement of Financial Position |
| 28 February 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Current assets |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 8 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
| Provisions for liabilities | 11 | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Retained earnings | 12 |
| Shareholders' funds |
| MERIDIAN (SPECIALITY PACKAGING) LIMITED (REGISTERED NUMBER: 03440767) |
| Statement of Financial Position - continued |
| 28 February 2025 |
| 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 were approved by the Board of Directors and authorised for issue on |
| MERIDIAN (SPECIALITY PACKAGING) LIMITED (REGISTERED NUMBER: 03440767) |
| Notes to the Financial Statements |
| for the year ended 28 February 2025 |
| 1. | Statutory information |
| Meridian (Speciality Packaging) Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Short leasehold | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks and service contracts |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Service contracts are accounted for under the stage of completion method and included at the contract value. |
| 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 statement of financial position date. |
| Tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| 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. |
| Operating leases |
| Rentals paid under operating leases are charged to income as incurred. |
| MERIDIAN (SPECIALITY PACKAGING) LIMITED (REGISTERED NUMBER: 03440767) |
| Notes to the Financial Statements - continued |
| for the year ended 28 February 2025 |
| 2. | Accounting policies - continued |
| Grants receivable |
| Grants towards capital expenditure are shown as deferred income and amortised over the estimated useful life of the assets to which the grant relates. |
| Debt factoring |
| Debt factoring is accounted for under separate presentation.The gross factored debts are shown under current assets, with the proceeds received from the factor shown under current liabilities, as amounts due in respect of factored receivables. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Intangible fixed assets |
| Website |
| £ |
| Cost |
| At 1 March 2024 |
| and 28 February 2025 |
| Amortisation |
| At 1 March 2024 |
| Amortisation for year |
| At 28 February 2025 |
| Net book value |
| At 28 February 2025 |
| At 29 February 2024 |
| 5. | Tangible fixed assets |
| Fixtures |
| Short | Plant and | and |
| leasehold | machinery | fittings |
| £ | £ | £ |
| Cost |
| At 1 March 2024 |
| Additions |
| Disposals | ( |
) |
| At 28 February 2025 |
| Depreciation |
| At 1 March 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 28 February 2025 |
| Net book value |
| At 28 February 2025 |
| At 29 February 2024 |
| MERIDIAN (SPECIALITY PACKAGING) LIMITED (REGISTERED NUMBER: 03440767) |
| Notes to the Financial Statements - continued |
| for the year ended 28 February 2025 |
| 5. | Tangible fixed assets - continued |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| Cost |
| At 1 March 2024 |
| Additions |
| Disposals | ( |
) |
| At 28 February 2025 |
| Depreciation |
| At 1 March 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 28 February 2025 |
| Net book value |
| At 28 February 2025 |
| At 29 February 2024 |
| 6. | Stocks |
| 2025 | 2024 |
| £ | £ |
| Stock |
| 7. | Debtors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Debts factored with recourse |
| Amounts due under contracts |
| not yet invoiced | 152,233 | 140,071 |
| Corporation tax |
| Prepayments |
| 8. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| VAT | 40,819 | 62,981 |
| Credit card | 2,286 | 1,805 |
| Other creditors | 9,084 | 9,084 |
| Accrued expenses |
| Deferred government grants |
| 9. | Creditors: amounts falling due after more than one year |
| 2025 | 2024 |
| £ | £ |
| Deferred government grants |
| MERIDIAN (SPECIALITY PACKAGING) LIMITED (REGISTERED NUMBER: 03440767) |
| Notes to the Financial Statements - continued |
| for the year ended 28 February 2025 |
| 9. | Creditors: amounts falling due after more than one year - continued |
| A debenture is held by HSBC Bank plc over the company assets and undertakings. |
| 10. | Leasing agreements |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2025 | 2024 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 11. | Provisions for liabilities |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 91,111 | 71,050 |
| Deferred tax |
| £ |
| Balance at 1 March 2024 |
| Provided during year |
| Accelerated capital allowances |
| Balance at 28 February 2025 |
| 12. | Reserves |
| Retained |
| earnings |
| £ |
| At 1 March 2024 |
| Profit for the year |
| Dividends | ( |
) |
| At 28 February 2025 |