IRIS Accounts Production v23.4.0.336 05886978 director 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058869782022-07-31058869782023-07-31058869782022-08-012023-07-31058869782021-07-31058869782021-08-012022-07-31058869782022-07-3105886978ns15:EnglandWales2022-08-012023-07-3105886978ns14:PoundSterling2022-08-012023-07-3105886978ns10:Director12022-08-012023-07-3105886978ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3105886978ns10:SmallEntities2022-08-012023-07-3105886978ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3105886978ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3105886978ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3105886978ns10:FullAccounts2022-08-012023-07-3105886978ns10:RegisteredOffice2022-08-012023-07-3105886978ns5:CurrentFinancialInstruments2023-07-3105886978ns5:CurrentFinancialInstruments2022-07-3105886978ns5:ShareCapital2023-07-3105886978ns5:ShareCapital2022-07-3105886978ns5:RetainedEarningsAccumulatedLosses2023-07-3105886978ns5:RetainedEarningsAccumulatedLosses2022-07-3105886978ns5:ShortLeaseholdAssetsns5:LandBuildings2022-08-012023-07-3105886978ns5:PlantMachinery2022-08-012023-07-3105886978ns5:FurnitureFittings2022-08-012023-07-3105886978ns5:ComputerEquipment2022-08-012023-07-3105886978ns5:ShortLeaseholdAssetsns5:LandBuildings2022-07-3105886978ns5:PlantMachinery2022-07-3105886978ns5:FurnitureFittings2022-07-3105886978ns5:ShortLeaseholdAssetsns5:LandBuildings2023-07-3105886978ns5:PlantMachinery2023-07-3105886978ns5:FurnitureFittings2023-07-3105886978ns5:ShortLeaseholdAssetsns5:LandBuildings2022-07-3105886978ns5:PlantMachinery2022-07-3105886978ns5:FurnitureFittings2022-07-3105886978ns5:MotorVehicles2022-07-3105886978ns5:ComputerEquipment2022-07-3105886978ns5:MotorVehicles2022-08-012023-07-3105886978ns5:MotorVehicles2023-07-3105886978ns5:ComputerEquipment2023-07-3105886978ns5:MotorVehicles2022-07-3105886978ns5:ComputerEquipment2022-07-3105886978ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3105886978ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31
REGISTERED NUMBER: 05886978 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Mermaid Accessories Ltd

Mermaid Accessories Ltd (Registered number: 05886978)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mermaid Accessories Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: K H Dai





REGISTERED OFFICE: 164 Commercial Road
London
E1 2JY





REGISTERED NUMBER: 05886978 (England and Wales)





ACCOUNTANTS: ACL & Co
Chartered Certified Accountants
The Coach House
1 Howard Road
Reigate
RH2 7JE

Mermaid Accessories Ltd (Registered number: 05886978)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,868 33,364

CURRENT ASSETS
Stocks 180,000 46,000
Debtors 5 22,614 21,695
Cash at bank and in hand 88,941 350,825
291,555 418,520
CREDITORS
Amounts falling due within one year 6 57,161 167,304
NET CURRENT ASSETS 234,394 251,216
TOTAL ASSETS LESS CURRENT
LIABILITIES

310,262

284,580

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 310,260 284,578
SHAREHOLDERS' FUNDS 310,262 284,580

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

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

Mermaid Accessories Ltd (Registered number: 05886978)

Balance Sheet - continued
31 July 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 11 March 2024 and were signed by:





K H Dai - Director


Mermaid Accessories Ltd (Registered number: 05886978)

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

1. STATUTORY INFORMATION

Mermaid Accessories 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - not provided
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 4 ) .

Mermaid Accessories Ltd (Registered number: 05886978)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 August 2022 33,000 3,250 9,240
Additions - - -
At 31 July 2023 33,000 3,250 9,240
DEPRECIATION
At 1 August 2022 - 3,250 9,240
Charge for year - - -
At 31 July 2023 - 3,250 9,240
NET BOOK VALUE
At 31 July 2023 33,000 - -
At 31 July 2022 33,000 - -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 - 2,466 47,956
Additions 49,000 1,252 50,252
At 31 July 2023 49,000 3,718 98,208
DEPRECIATION
At 1 August 2022 - 2,102 14,592
Charge for year 7,350 398 7,748
At 31 July 2023 7,350 2,500 22,340
NET BOOK VALUE
At 31 July 2023 41,650 1,218 75,868
At 31 July 2022 - 364 33,364

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Rent deposit 11,688 11,688
Prepayments 10,926 10,007
22,614 21,695

Mermaid Accessories Ltd (Registered number: 05886978)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 29,726 118,267
Taxation and social security 25,200 46,915
Other creditors 2,235 2,122
57,161 167,304

7. RELATED PARTY DISCLOSURES

The company supply goods to J&J London Accessories Ltd., company with common director and shareholder, during the year of £34011(Yr 21 £28890)

8. ULTIMATE CONTROLLING PARTY

The controlling party is K H Dai.