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REGISTERED NUMBER: 04580786 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

E C MERRETT LIMITED

E C MERRETT LIMITED (REGISTERED NUMBER: 04580786)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


E C MERRETT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTOR: Mr D R A Merrett





REGISTERED OFFICE: Elm Tree Farm
Bath Road
Frocester
Stonehouse
Glos
GL10 3TG





REGISTERED NUMBER: 04580786 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

E C MERRETT LIMITED (REGISTERED NUMBER: 04580786)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Debtors 4 48,494 138,965
Cash at bank 992 -
49,486 138,965
CREDITORS
Amounts falling due within one year 5 9,059 72,256
NET CURRENT ASSETS 40,427 66,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,427

66,709

CREDITORS
Amounts falling due after more than one
year

6

-

40,012
NET ASSETS 40,427 26,697

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 40,417 26,687
SHAREHOLDERS' FUNDS 40,427 26,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 8 November 2018 and were signed by:





Mr D R A Merrett - Director


E C MERRETT LIMITED (REGISTERED NUMBER: 04580786)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

E C Merrett 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 the provision of section 1A "Small
entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK
and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared
under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is the value of services (net of VAT) provided to customers during the year. Turnover is
recognised on the provision of services on a percentage degree of completion basis calculated by
reference to the time expenses compared to the anticipated total time.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been fully
amortised over its useful life of 10 years.

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in
FRS102 section 11. Basic financial instruments are recognised at amortised cost using the effective
rate of 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet 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.

E C MERRETT LIMITED (REGISTERED NUMBER: 04580786)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

2. ACCOUNTING POLICIES - continued

Going concern
The trade of the company has ceased and an application to strike of the company will take place once
all outstanding transactions are settled. Until such a time, the director will continue to support the
financial commitments of the company.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event
prior to the balance sheet date and that a payment will be required in settlement that can be estimated
reliably. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 18 ).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 2,590 11,025
Provision for doubtful debts (2,590 ) (10,787 )
Amounts owed by associates 2,963 62,440
Other debtors 45,531 43,656
Directors' loan accounts - 25,879
VAT - 5,238
Prepayments - 1,514
48,494 138,965

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts - 60,229
Hire purchase contracts - 3,196
Trade creditors 36 295
Corporation Tax 3,507 5,886
Social security and other taxes - 170
VAT 4,766 -
Accrued expenses 750 2,480
9,059 72,256

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans - 1-2 years - 14,532
Bank loans - 2-5 years - 25,480
- 40,012

E C MERRETT LIMITED (REGISTERED NUMBER: 04580786)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2018 and
the period ended 31 March 2017:

2018 2017
£    £   
Mr D R A Merrett
Balance outstanding at start of year 25,879 24,417
Amounts advanced 1,714 10,006
Amounts repaid (27,593 ) (8,544 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 25,879

Interest was charged on the amounts due from the Director at 3% per annum and there are no set
repayment terms.