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REGISTERED NUMBER: 06039343 (England and Wales)











Unaudited Financial Statements for the Year Ended 31 January 2023

for

Merila P Ltd

Merila P Ltd (Registered number: 06039343)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Merila P Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Dr Mehdi Pourani





REGISTERED OFFICE: ASM House
103A Keymer Road
Hassocks
West Sussex
BN6 8QL





REGISTERED NUMBER: 06039343 (England and Wales)

Merila P Ltd (Registered number: 06039343)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 280,000 350,000
Tangible assets 5 180,935 97,935
Investments 6 554,182 456,892
1,015,117 904,827

CURRENT ASSETS
Debtors 7 49,130 36,185
Cash at bank 208,768 351,187
257,898 387,372
CREDITORS
Amounts falling due within one year 8 101,866 131,091
NET CURRENT ASSETS 156,032 256,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,171,149

1,161,108

CREDITORS
Amounts falling due after more than one year 9 51,649 101,649
NET ASSETS 1,119,500 1,059,459

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 1,119,400 1,059,359
SHAREHOLDERS' FUNDS 1,119,500 1,059,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

Merila P Ltd (Registered number: 06039343)

Balance Sheet - continued
31 January 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 October 2023 and were signed by:





Dr Mehdi Pourani - Director


Merila P Ltd (Registered number: 06039343)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Merila P Ltd 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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, 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

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.

Merila P Ltd (Registered number: 06039343)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 700,000
AMORTISATION
At 1 February 2022 350,000
Charge for year 70,000
At 31 January 2023 420,000
NET BOOK VALUE
At 31 January 2023 280,000
At 31 January 2022 350,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 743,235
Additions 90,049
At 31 January 2023 833,284
DEPRECIATION
At 1 February 2022 645,300
Charge for year 7,049
At 31 January 2023 652,349
NET BOOK VALUE
At 31 January 2023 180,935
At 31 January 2022 97,935

Merila P Ltd (Registered number: 06039343)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.1.23 31.1.22
£    £   
Investment Aska Professional 416,892 416,892
Additions 137,290 40,000
554,182 456,892

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 49,130 36,185

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 12,795 13,864
Taxation and social security 77,411 102,233
Other creditors 11,660 14,994
101,866 131,091

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 51,649 101,649

10. RESERVES
Retained
earnings
£   

At 1 February 2022 1,059,359
Profit for the year 130,041
Dividends (70,000 )
At 31 January 2023 1,119,400

11. ULTIMATE CONTROLLING PARTY

The controlling party is Dr Mehdi Pourani.