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Company Registration No. 08883927 (England and Wales)
Downs Merrifield Limited Unaudited accounts for the year ended 31 March 2024
Downs Merrifield Limited Unaudited accounts Contents
Page
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Downs Merrifield Limited Company Information for the year ended 31 March 2024
Directors
N Downs C Merrifield R Boltman
Company Number
08883927 (England and Wales)
Registered Office
5 CEFN COED CRESCENT CARDIFF CF23 6AT WALES
Accountants
STAS Ltd 253 Cowbridge Road West Cardiff CF5 5TD
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Downs Merrifield Limited Accountants' report
Accountants' report to the board of directors of Downs Merrifield Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Downs Merrifield Limited for the year ended 31 March 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Downs Merrifield Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Downs Merrifield Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Downs Merrifield Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Downs Merrifield Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Downs Merrifield Limited. You consider that Downs Merrifield 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 accounts of Downs Merrifield 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 accounts.
STAS Ltd 253 Cowbridge Road West Cardiff CF5 5TD 22 September 2024
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Downs Merrifield Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,566 
5,294 
Current assets
Debtors
31,409 
19,034 
Cash at bank and in hand
5,136 
2,776 
36,545 
21,810 
Creditors: amounts falling due within one year
(35,509)
(33,366)
Net current assets/(liabilities)
1,036 
(11,556)
Net assets/(liabilities)
3,602 
(6,262)
Capital and reserves
Called up share capital
11 
11 
Profit and loss account
3,591 
(6,273)
Shareholders' funds
3,602 
(6,262)
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 22 September 2024 and were signed on its behalf by
N Downs Director Company Registration No. 08883927
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Downs Merrifield Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Downs Merrifield Limited is a private company, limited by shares, registered in England and Wales, registration number 08883927. The registered office is 5 CEFN COED CRESCENT, CARDIFF, CF23 6AT, WALES.
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 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.
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:
Fixtures & fittings
3 years
Computer equipment
4 years
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Downs Merrifield Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
1,499 
23,264 
24,763 
At 31 March 2024
1,499 
23,264 
24,763 
Depreciation
At 1 April 2023
593 
18,876 
19,469 
Charge for the year
374 
2,354 
2,728 
At 31 March 2024
967 
21,230 
22,197 
Net book value
At 31 March 2024
532 
2,034 
2,566 
At 31 March 2023
906 
4,388 
5,294 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
31,409 
19,034 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
15,250 
10,284 
Taxes and social security
5,769 
2,245 
Other creditors
190 
4,837 
Loans from directors
14,000 
16,000 
Accruals
300 
- 
35,509 
33,366 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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