IRIS Accounts Production v18.3.0.592 10249770 director 1.4.17 31.3.18 31.3.18 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure102497702017-03-31102497702018-03-31102497702017-04-012018-03-31102497702016-11-10102497702016-11-112017-03-31102497702017-03-3110249770ns15:EnglandWales2017-04-012018-03-3110249770ns14:PoundSterling2017-04-012018-03-3110249770ns10:Director12017-04-012018-03-3110249770ns10:PrivateLimitedCompanyLtd2017-04-012018-03-3110249770ns10:SmallEntities2017-04-012018-03-3110249770ns10:AuditExempt-NoAccountantsReport2017-04-012018-03-3110249770ns10:SmallCompaniesRegimeForDirectorsReport2017-04-012018-03-3110249770ns10:SmallCompaniesRegimeForAccounts2017-04-012018-03-3110249770ns10:FullAccounts2017-04-012018-03-311024977012017-04-012018-03-3110249770ns10:RegisteredOffice2017-04-012018-03-3110249770ns5:CurrentFinancialInstruments2018-03-3110249770ns5:CurrentFinancialInstruments2017-03-3110249770ns5:Non-currentFinancialInstruments2018-03-3110249770ns5:Non-currentFinancialInstruments2017-03-3110249770ns5:ShareCapital2018-03-3110249770ns5:ShareCapital2017-03-3110249770ns5:RetainedEarningsAccumulatedLosses2018-03-3110249770ns5:RetainedEarningsAccumulatedLosses2017-03-3110249770ns5:NetGoodwill2017-04-012018-03-3110249770ns5:IntangibleAssetsOtherThanGoodwill2017-04-012018-03-3110249770ns5:PlantMachinery2017-04-012018-03-3110249770ns5:NetGoodwill2017-03-3110249770ns5:NetGoodwill2018-03-3110249770ns5:NetGoodwill2017-03-3110249770ns5:PlantMachinery2017-03-3110249770ns5:PlantMachinery2018-03-3110249770ns5:PlantMachinery2017-03-3110249770ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-03-3110249770ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-31


REGISTERED NUMBER: 10249770 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

MERRETTS HEATING SERVICES LIMITED

MERRETTS HEATING SERVICES LIMITED (REGISTERED NUMBER: 10249770)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MERRETTS HEATING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTOR: D R A Merrett





REGISTERED OFFICE: Merretts Buildings
Bath Road
Frocester
Stonehouse
Gloucestershire
GL10 3TG





REGISTERED NUMBER: 10249770 (England and Wales)





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

MERRETTS HEATING SERVICES LIMITED (REGISTERED NUMBER: 10249770)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 58,933 65,733
Tangible assets 5 42,852 28,839
101,785 94,572

CURRENT ASSETS
Stocks 12,058 12,189
Debtors 6 101,142 80,127
Prepayments and accrued income 240 -
Cash at bank and in hand 3,309 22,768
116,749 115,084
CREDITORS
Amounts falling due within one year 7 174,046 177,926
NET CURRENT LIABILITIES (57,297 ) (62,842 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,488

31,730

CREDITORS
Amounts falling due after more than one
year

8

(13,300

)

-

PROVISIONS FOR LIABILITIES (7,295 ) (4,680 )
NET ASSETS 23,893 27,050

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 23,892 27,049
23,893 27,050

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.

MERRETTS HEATING SERVICES LIMITED (REGISTERED NUMBER: 10249770)

BALANCE SHEET - continued
31 MARCH 2018


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:





D R A Merrett - Director


MERRETTS HEATING SERVICES LIMITED (REGISTERED NUMBER: 10249770)

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

1. STATUTORY INFORMATION

Merretts Heating Services 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 provisions 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes. Turnover is recognised upon completion of the
service.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

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
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, 20% on cost and 4% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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.

MERRETTS HEATING SERVICES LIMITED (REGISTERED NUMBER: 10249770)

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

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Financial instruments are classified by the directors as basic or advanced following the conditions in
FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective
interest method.

Going concern
The director has considered the risks and issues concerning the company and it's activities and no
material uncertainties that may cast significant doubt about the company's ability to continue as a going
concern have been identified by the directors.

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 20 (2017 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 68,000
AMORTISATION
At 1 April 2017 2,267
Charge for year 6,800
At 31 March 2018 9,067
NET BOOK VALUE
At 31 March 2018 58,933
At 31 March 2017 65,733

MERRETTS HEATING SERVICES LIMITED (REGISTERED NUMBER: 10249770)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017 34,000
Additions 19,962
Disposals (150 )
At 31 March 2018 53,812
DEPRECIATION
At 1 April 2017 5,161
Charge for year 5,847
Eliminated on disposal (48 )
At 31 March 2018 10,960
NET BOOK VALUE
At 31 March 2018 42,852
At 31 March 2017 28,839

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 101,142 80,127

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 10,248 12,496
Trade creditors 52,189 52,257
Taxation and social security 30,914 43,799
Other creditors 80,695 69,374
174,046 177,926

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Hire purchase contracts 13,300 -

9. TRANSACTIONS WITH DIRECTORS

At 31 March 2018 the company owed the director £73,799 (31 March 2017: £4,999). No interest is
being charged on the loan and there are no set repayment terms.