IRIS Accounts Production v24.1.0.574 10556130 Board of Directors Board of Directors 1.3.23 29.2.24 29.2.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105561302023-02-28105561302024-02-29105561302023-03-012024-02-29105561302022-02-28105561302022-03-012023-02-28105561302023-02-2810556130ns15:EnglandWales2023-03-012024-02-2910556130ns14:PoundSterling2023-03-012024-02-2910556130ns10:Director12023-03-012024-02-2910556130ns10:Director22023-03-012024-02-2910556130ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2910556130ns10:SmallEntities2023-03-012024-02-2910556130ns10:AuditExemptWithAccountantsReport2023-03-012024-02-2910556130ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2910556130ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2910556130ns10:AbridgedAccounts2023-03-012024-02-291055613012023-03-012024-02-2910556130ns10:OrdinaryShareClass12023-03-012024-02-2910556130ns10:CompanySecretary12023-03-012024-02-2910556130ns10:RegisteredOffice2023-03-012024-02-2910556130ns5:CurrentFinancialInstruments2024-02-2910556130ns5:CurrentFinancialInstruments2023-02-2810556130ns5:ShareCapital2024-02-2910556130ns5:ShareCapital2023-02-2810556130ns5:RetainedEarningsAccumulatedLosses2024-02-2910556130ns5:RetainedEarningsAccumulatedLosses2023-02-2810556130ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2910556130ns5:PatentsTrademarksLicencesConcessionsSimilar2023-03-012024-02-2910556130ns5:PlantMachinery2023-03-012024-02-2910556130ns5:PatentsTrademarksLicencesConcessionsSimilar2023-02-2810556130ns5:PatentsTrademarksLicencesConcessionsSimilar2024-02-2910556130ns5:PatentsTrademarksLicencesConcessionsSimilar2023-02-2810556130ns5:PlantMachinery2023-02-2810556130ns5:PlantMachinery2024-02-2910556130ns5:PlantMachinery2023-02-2810556130ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2910556130ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2810556130ns5:DeferredTaxation2023-02-2810556130ns5:DeferredTaxation2023-03-012024-02-2910556130ns5:DeferredTaxation2024-02-2910556130ns10:OrdinaryShareClass12024-02-2910556130ns5:RetainedEarningsAccumulatedLosses2023-02-2810556130ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-29
REGISTERED NUMBER: 10556130 (England and Wales)


Mertan Consulting Limited

Abridged Unaudited Financial Statements

for the Year Ended 29 February 2024






Mertan Consulting Limited (Registered number: 10556130)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Mertan Consulting Limited

Company Information
for the year ended 29 February 2024







DIRECTORS: Mrs N Mertan
Mr A I Mertan





SECRETARY:





REGISTERED OFFICE: 239-241 Kennington Lane
London
SE11 5QU





REGISTERED NUMBER: 10556130 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Mertan Consulting Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mertan Consulting Limited for the year ended 29 February 2024 which comprise the Abridged Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mertan Consulting Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mertan Consulting Limited and state those matters that we have agreed to state to the Board of Directors of Mertan Consulting Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mertan Consulting Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mertan Consulting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mertan Consulting Limited. You consider that Mertan Consulting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mertan Consulting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


3 April 2024

Mertan Consulting Limited (Registered number: 10556130)

Statement of Financial Position
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 55 72
Property, plant and equipment 5 797 1,047
852 1,119

CURRENT ASSETS
Debtors 6 62 891
Cash at bank 21,356 29,710
21,418 30,601
CREDITORS
Amounts falling due within one year 7 8,911 18,711
NET CURRENT ASSETS 12,507 11,890
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,359

13,009

PROVISIONS FOR LIABILITIES 8 151 199
NET ASSETS 13,208 12,810

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 13,206 12,808
SHAREHOLDERS' FUNDS 13,208 12,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Mertan Consulting Limited (Registered number: 10556130)

Statement of Financial Position - continued
29 February 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:




Mr A I Mertan - Director



Mrs N Mertan - Director


Mertan Consulting Limited (Registered number: 10556130)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Mertan Consulting Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is derived from the ordinary trading activities of the business and is recognised when the customers obtain the right to consideration.

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.

Trademark and brand name are being amortised evenly over their estimated useful life of ten years.

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 - 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Mertan Consulting Limited (Registered number: 10556130)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Trademark
and brand
name
£   
COST
At 1 March 2023
and 29 February 2024 174
AMORTISATION
At 1 March 2023 102
Amortisation for year 17
At 29 February 2024 119
NET BOOK VALUE
At 29 February 2024 55
At 28 February 2023 72

Mertan Consulting Limited (Registered number: 10556130)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 March 2023
and 29 February 2024 2,503
DEPRECIATION
At 1 March 2023 1,456
Charge for year 250
At 29 February 2024 1,706
NET BOOK VALUE
At 29 February 2024 797
At 28 February 2023 1,047

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 62 891

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 394 1
Taxation and social security 820 1,713
Other creditors 7,697 16,997
8,911 18,711

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 151 199

Mertan Consulting Limited (Registered number: 10556130)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2023 199
Credit to Statement of Income and Retained Earnings during year (48 )
Balance at 29 February 2024 151

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 March 2023 12,808
Profit for the year 3,398
Dividends (3,000 )
At 29 February 2024 13,206

11. RELATED PARTY DISCLOSURES

Included within other creditors are amounts due to key management personnel of £6,857 (2023: £15,357) at balance sheet date. This loan is interest free and is repayable on demand.