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Company Registration No. 09426326 (England and Wales)
Merlin Supplies Limited Unaudited accounts for the year ended 29 February 2024
Merlin Supplies Limited Unaudited accounts Contents
Page
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Merlin Supplies Limited Company Information for the year ended 29 February 2024
Director
Andrew Birchall
Company Number
09426326 (England and Wales)
Registered Office
73 Preston Avenue Newport NP20 2AQ
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Merlin Supplies Limited for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Merlin Supplies Limited for the year ended 29 February 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle Member in Practice Venta House Maes-glas Newport NP20 2NS 15 April 2024
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Merlin Supplies Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
3,858 
6,200 
Debtors
41,490 
27,027 
Cash at bank and in hand
80,303 
104,681 
125,651 
137,908 
Creditors: amounts falling due within one year
(49,729)
(45,409)
Net current assets
75,922 
92,499 
Total assets less current liabilities
75,922 
92,499 
Creditors: amounts falling due after more than one year
(37,863)
(48,113)
Provisions for liabilities
Deferred tax
(8)
(12)
Net assets
38,051 
44,374 
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
37,949 
44,272 
Shareholders' funds
38,051 
44,374 
For the year ending 29 February 2024 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 15 April 2024 and were signed on its behalf by
Andrew Birchall Director Company Registration No. 09426326
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Merlin Supplies Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Merlin Supplies Limited is a private company, limited by shares, registered in England and Wales, registration number 09426326. The registered office is 73 Preston Avenue, Newport, NP20 2AQ.
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 remained unchanged from the previous year, and also 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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:
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Merlin Supplies Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 March 2023
1,579 
At 29 February 2024
1,579 
Depreciation
At 1 March 2023
1,579 
At 29 February 2024
1,579 
Net book value
At 29 February 2024
- 
5
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
8 
12 
2024 
2023 
£ 
£ 
Provision at start of year
12 
- 
(Credited)/charged to the profit and loss account
(4)
12 
Provision at end of year
8 
12 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
102 Ordinary shares of £1 each
102 
102 
7
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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