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Registered Number: 01258987
England and Wales

 

 

 


Abridged Accounts

for the year ended 30 June 2023

for

MERITGRADE LIMITED

  2023   2022
    £ £   £ £
Fixed assets   14,506      22,025 
Current assets 1,825      1,825   
Prepayments and accrued income 467      467   
Creditors: amount falling due within one year (83,501)     (74,151)  
Net current liabilities   (81,209)     (71,859)
Total assets less current liabilities   (66,703)     (49,834)
Creditors: amount falling due after more than one year   82,240      65,375 
Net assets   15,537      15,541 
 

         
Capital and reserves   15,537      15,541 
 
NOTES TO THE ACCOUNTS

General Information
Meritgrade Limited is a private company, limited by shares, registered in England and Wales, registration number 01258987, registration address 26 Christchurch Drive Stockton-On-Tees , Cleveland, TS18 5JX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
2.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 30 June 2022 36,064    36,064 
Additions  
Disposals  
At 30 June 2023 36,064    36,064 
Depreciation
At 30 June 2022 14,039    14,039 
Charge for year 7,519    7,519 
On disposals  
At 30 June 2023 21,558    21,558 
Net book values
Closing balance as at 30 June 2023 14,506    14,506 
Opening balance as at 30 June 2022 22,025    22,025 


3.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).


For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 10 March 2024 and were signed by:


--------------------------------
Colin Graham
Director
1