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REGISTERED NUMBER: 10556130 (England and Wales)


Mertan Consulting Limited

Abridged Unaudited Financial Statements

for the Period 1 March 2024 to 9 July 2024






Mertan Consulting Limited (Registered number: 10556130)






Contents of the Financial Statements
for the period 1 March 2024 to 9 July 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 period 1 March 2024 to 9 July 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 period ended 9 July 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 loss of Mertan Consulting Limited. You consider that Mertan Consulting Limited is exempt from the statutory audit requirement for the period.

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 August 2024

Mertan Consulting Limited (Registered number: 10556130)

Statement of Financial Position
9 July 2024

2024 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 55
Property, plant and equipment 5 - 797
- 852

CURRENT ASSETS
Debtors 6 2,019 62
Cash at bank and in hand 672 21,356
2,691 21,418
CREDITORS
Amounts falling due within one year 7 702 8,911
NET CURRENT ASSETS 1,989 12,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,989

13,359

PROVISIONS FOR LIABILITIES 8 - 151
NET ASSETS 1,989 13,208

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 1,987 13,206
SHAREHOLDERS' FUNDS 1,989 13,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 9 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 9 July 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
9 July 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 period ended 9 July 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 25 July 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 period 1 March 2024 to 9 July 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 period 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 period 1 March 2024 to 9 July 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 period 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 period was 2 (2024 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Trademark
and brand
name
£   
COST
At 1 March 2024 174
Disposals (174 )
At 9 July 2024 -
AMORTISATION
At 1 March 2024 119
Eliminated on disposal (119 )
At 9 July 2024 -
NET BOOK VALUE
At 9 July 2024 -
At 29 February 2024 55

Mertan Consulting Limited (Registered number: 10556130)

Notes to the Financial Statements - continued
for the period 1 March 2024 to 9 July 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 March 2024 2,503
Disposals (2,503 )
At 9 July 2024 -
DEPRECIATION
At 1 March 2024 1,706
Eliminated on disposal (1,706 )
At 9 July 2024 -
NET BOOK VALUE
At 9 July 2024 -
At 29 February 2024 797

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Other debtors 2,019 62

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Trade creditors 72 394
Taxation and social security - 820
Other creditors 630 7,697
702 8,911

8. PROVISIONS FOR LIABILITIES
2024 2024
£    £   
Deferred tax - 151

Deferred
tax
£   
Balance at 1 March 2024 151
Credit to Statement of Income and Retained Earnings during period (151 )
Balance at 9 July 2024 -

Mertan Consulting Limited (Registered number: 10556130)

Notes to the Financial Statements - continued
for the period 1 March 2024 to 9 July 2024

9. CALLED UP SHARE CAPITAL

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

10. RESERVES
Retained
earnings
£   

At 1 March 2024 13,206
Deficit for the period (7,419 )
Dividends (3,800 )
At 9 July 2024 1,987

11. RELATED PARTY DISCLOSURES

Included within other creditors are amounts due to key management personnel of £30 (29th February 2024: £6,857) at balance sheet date. This loan is interest free and is repayable on demand.