Caseware UK (AP4) 2022.0.179 2022.0.179 2022-10-312022-10-31true1false1true2021-11-01No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09838937 2021-11-01 2022-10-31 09838937 2020-11-01 2021-10-31 09838937 2022-10-31 09838937 2021-10-31 09838937 c:Director1 2021-11-01 2022-10-31 09838937 d:CurrentFinancialInstruments 2022-10-31 09838937 d:CurrentFinancialInstruments 2021-10-31 09838937 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 09838937 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 09838937 d:ShareCapital 2022-10-31 09838937 d:ShareCapital 2021-10-31 09838937 d:SharePremium 2022-10-31 09838937 d:SharePremium 2021-10-31 09838937 d:CapitalRedemptionReserve 2022-10-31 09838937 d:CapitalRedemptionReserve 2021-10-31 09838937 d:RetainedEarningsAccumulatedLosses 2022-10-31 09838937 d:RetainedEarningsAccumulatedLosses 2021-10-31 09838937 c:FRS102 2021-11-01 2022-10-31 09838937 c:AuditExempt-NoAccountantsReport 2021-11-01 2022-10-31 09838937 c:FullAccounts 2021-11-01 2022-10-31 09838937 c:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 09838937 2 2021-11-01 2022-10-31 09838937 6 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure

Registered number: 09838937


 







MERCHANTS ONLY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

 
MERCHANTS ONLY LIMITED
REGISTERED NUMBER: 09838937

BALANCE SHEET
AS AT 31 OCTOBER 2022

2022
2022
2021
2021
                                                                         Note
£
£
£
£

Fixed assets
  

Investments
  
10
-

  
10
-

Current assets
  

Debtors: amounts falling due within one year
 5 
178,975
178,858

Cash at bank and in hand
  
1,568
1,569

  
180,543
180,427

Creditors: amounts falling due within one year
 6 
(29,159)
(28,326)

Net current assets
  
 
 
151,384
 
 
152,101

Total assets less current liabilities
  
151,394
152,101

  

Net assets
  
151,394
152,101


Capital and reserves
  

Called up share capital 
  
100
100

Share premium account
  
149,700
149,700

Capital redemption reserve
  
900
900

Profit and loss account
  
694
1,401

  
151,394
152,101


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
MERCHANTS ONLY LIMITED
REGISTERED NUMBER: 09838937
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2022

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 October 2023.


L Payne
Director

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

Page 2

 
MERCHANTS ONLY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1.


General information

Merchants Only Limited ("the Company") is a private company limited by shares and incorporated in England and Wales. The address of its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
MERCHANTS ONLY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

2.Accounting policies (continued)

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
10



At 31 October 2022
10





5.


Debtors

2022
2021
£
£


Other debtors
166,938
166,821

Prepayments
12,037
12,037

178,975
178,858


Page 4

 
MERCHANTS ONLY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
3,443
2,137

Corporation tax
811
811

Other creditors
22,569
22,559

Accruals
2,336
2,819

29,159
28,326


 
Page 5