12 August 2022 false No description of principal activity Taxfiler 2024.1 14292628business:PrivateLimitedCompanyLtd2022-08-122023-08-31 142926282022-08-11 142926282022-08-122023-08-31 14292628business:AuditExempt-NoAccountantsReport2022-08-122023-08-31 14292628business:FilletedAccounts2022-08-122023-08-31 142926282023-08-31 14292628business:Director12022-08-122023-08-31 14292628business:RegisteredOffice2022-08-122023-08-31 14292628core:WithinOneYear2023-08-31 14292628core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 14292628core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 14292628core:PreviouslyStatedAmount2023-08-31 14292628business:SmallEntities2022-08-122023-08-31 14292628countries:EnglandWales2022-08-122023-08-31 14292628core:PlantMachinery2022-08-122023-08-31 14292628core:FurnitureFittings2022-08-122023-08-31 14292628core:ComputerEquipment2022-08-122023-08-31 14292628core:PlantMachinery2022-08-11 14292628core:FurnitureFittings2022-08-11 14292628core:ComputerEquipment2022-08-11 14292628core:PlantMachinery2023-08-31 14292628core:FurnitureFittings2023-08-31 14292628core:ComputerEquipment2023-08-31 iso4217:GBP xbrli:pure
Company Registration No. 14292628 (England and Wales)
The Mermaid Sherborne Ltd Unaudited accounts for the period from 12 August 2022 to 31 August 2023
The Mermaid Sherborne Ltd Unaudited accounts Contents
Page
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The Mermaid Sherborne Ltd Company Information for the period from 12 August 2022 to 31 August 2023
Director
Paul Woolley
Company Number
14292628 (England and Wales)
Registered Office
The Mermaid Bristol Road Sherborne Dorset DT9 4JT United Kingdom
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The Mermaid Sherborne Ltd Statement of financial position as at 31 August 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
15,648 
Current assets
Inventories
18,077 
Debtors
5,233 
Cash at bank and in hand
2,031 
25,341 
Creditors: amounts falling due within one year
(82,516)
Net current liabilities
(57,175)
Net liabilities
(41,527)
Capital and reserves
Called up share capital
2 
Profit and loss account
(41,529)
Shareholders' funds
(41,527)
For the period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 April 2024 and were signed on its behalf by
Paul Woolley Director Company Registration No. 14292628
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The Mermaid Sherborne Ltd Notes to the Accounts for the period from 12 August 2022 to 31 August 2023
1
Statutory information
The Mermaid Sherborne Ltd is a private company, limited by shares, registered in England and Wales, registration number 14292628. The registered office is The Mermaid, Bristol Road, Sherborne, Dorset, DT9 4JT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 12 August 2022
- 
- 
- 
- 
Additions
10,262 
6,000 
1,906 
18,168 
At 31 August 2023
10,262 
6,000 
1,906 
18,168 
Depreciation
Charge for the period
1,539 
600 
381 
2,520 
At 31 August 2023
1,539 
600 
381 
2,520 
Net book value
At 31 August 2023
8,723 
5,400 
1,525 
15,648 
5
Debtors
2023 
£ 
Amounts falling due within one year
Accrued income and prepayments
233 
Other debtors
5,000 
5,233 
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The Mermaid Sherborne Ltd Notes to the Accounts for the period from 12 August 2022 to 31 August 2023
6
Creditors: amounts falling due within one year
2023 
£ 
Bank loans and overdrafts
4,689 
Trade creditors
4,216 
Taxes and social security
18,677 
Loans from directors
50,721 
Accruals
4,213 
82,516 
7
Average number of employees
During the period the average number of employees was 5.
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