2022-12-012023-11-302023-11-30false09299362MERS SOLUTIONS 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MERS SOLUTIONS LTD

Registered Number
09299362
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2023

MERS SOLUTIONS LTD
Company Information
for the year from 1 December 2022 to 30 November 2023

Directors

KAARIK, Kristi
REN, Chi

Registered Address

Genesis House
Unit 7 Cotswold Business Village
Moreton-In-Marsh
GL56 0JQ

Registered Number

09299362 (England and Wales)
MERS SOLUTIONS LTD
Statement of Financial Position
30 November 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets3120140
Tangible assets45,0746,636
5,1946,776
Current assets
Debtors257,146215,997
Cash at bank and on hand471,351547,005
728,497763,002
Creditors amounts falling due within one year5(121,160)(211,179)
Net current assets (liabilities)607,337551,823
Total assets less current liabilities612,531558,599
Net assets612,531558,599
Capital and reserves
Called up share capital1,5001,500
Profit and loss account611,031557,099
Shareholders' funds612,531558,599
The financial statements were approved and authorised for issue by the Board of Directors on 27 February 2024, and are signed on its behalf by:
REN, Chi
Director
Registered Company No. 09299362
MERS SOLUTIONS LTD
Notes to the Financial Statements
for the year ended 30 November 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year00
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 December 22200200
At 30 November 23200200
Amortisation and impairment
At 01 December 226060
Charge for year2020
At 30 November 238080
Net book value
At 30 November 23120120
At 30 November 22140140
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 December 2219,85419,854
Additions1,9761,976
At 30 November 2321,83021,830
Depreciation and impairment
At 01 December 2213,21813,218
Charge for year3,5383,538
At 30 November 2316,75616,756
Net book value
At 30 November 235,0745,074
At 30 November 226,6366,636
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables100,600172,771
Taxation and social security20,56038,408
Total121,160211,179