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Company Registration No. 6450759 (England and Wales)
MERELLA LIMITED Unaudited accounts for the year ended 31 December 2023
MERELLA LIMITED Unaudited accounts Contents
Page
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MERELLA LIMITED Company Information for the year ended 31 December 2023
Director
Mr Haydar Karagoz
Company Number
6450759 (England and Wales)
Registered Office
40 WILLOUGHBY ROAD LONDON N8 0JG England
Accountants
Tatar Brothers & Co Accountants 40 Willoughby Road Hornsey London N8 0JG
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MERELLA LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,083 
14,433 
Tangible assets
21,731 
24,729 
28,814 
39,162 
Current assets
Inventories
145,741 
109,540 
Debtors
5,000 
7,783 
Cash at bank and in hand
21,303 
36,080 
172,044 
153,403 
Creditors: amounts falling due within one year
(191,416)
(180,145)
Net current liabilities
(19,372)
(26,742)
Total assets less current liabilities
9,442 
12,420 
Creditors: amounts falling due after more than one year
(9,600)
(7,684)
Net (liabilities)/assets
(158)
4,736 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(159)
4,735 
Shareholders' funds
(158)
4,736 
For the year ending 31 December 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 13 September 2024 and were signed on its behalf by
Mr Haydar Karagoz Director Company Registration No. 6450759
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MERELLA LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
MERELLA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 6450759. The registered office is 40 WILLOUGHBY ROAD, LONDON, N8 0JG, England.
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.
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:
Motor vehicles
15% reducing balance method
Fixtures & fittings
15% reducing balance method
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.
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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MERELLA LIMITED Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 January 2023
89,000 
21,250 
110,250 
At 31 December 2023
89,000 
21,250 
110,250 
Amortisation
At 1 January 2023
83,067 
12,750 
95,817 
Charge for the year
5,933 
1,417 
7,350 
At 31 December 2023
89,000 
14,167 
103,167 
Net book value
At 31 December 2023
- 
7,083 
7,083 
At 31 December 2022
5,933 
8,500 
14,433 
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
4,740 
36,200 
14,273 
55,213 
At 31 December 2023
4,740 
36,200 
14,273 
55,213 
Depreciation
At 1 January 2023
- 
17,750 
12,734 
30,484 
Charge for the year
- 
2,767 
231 
2,998 
At 31 December 2023
- 
20,517 
12,965 
33,482 
Net book value
At 31 December 2023
4,740 
15,683 
1,308 
21,731 
At 31 December 2022
4,740 
18,450 
1,539 
24,729 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
5,000 
5,000 
Other debtors
- 
2,783 
5,000 
7,783 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
65,200 
63,549 
Obligations under finance leases and hire purchase contracts
1,227 
6,509 
Trade creditors
9,850 
7,981 
Taxes and social security
5,854 
6,649 
Other creditors
163 
147 
Loans from directors
109,122 
95,310 
191,416 
180,145 
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MERELLA LIMITED Notes to the Accounts for the year ended 31 December 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,600 
- 
Obligations under finance leases and hire purchase contracts
- 
7,684 
9,600 
7,684 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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