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Registered number: 11018962
Merzzaco Ltd.
Financial Statements
For The Year Ended 31 October 2023
Westminster Accountancy Limited
9 Chapel Place
Rivington Street
London
England
EC2A 3DQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11018962
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 357,239 357,239
Investments 5 752,416 752,416
1,109,655 1,109,655
CURRENT ASSETS
Stocks 6 64,136 -
Debtors 7 132,988 33,718
Cash at bank and in hand 18,546 141,317
215,670 175,035
Creditors: Amounts Falling Due Within One Year 8 (29,566 ) (940 )
NET CURRENT ASSETS (LIABILITIES) 186,104 174,095
TOTAL ASSETS LESS CURRENT LIABILITIES 1,295,759 1,283,750
Creditors: Amounts Falling Due After More Than One Year 9 (1,045,210 ) (1,013,510 )
NET ASSETS 250,549 270,240
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 250,547 270,238
SHAREHOLDERS' FUNDS 250,549 270,240
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Tomas Kovarik
Director
08/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Merzzaco Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 11018962 . The registered office is 2nd Floor 9 Chapel Place, London, EC2A 3DQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 November 2022 357,239
As at 31 October 2023 357,239
Net Book Value
As at 31 October 2023 357,239
As at 1 November 2022 357,239
Page 3
Page 4
5. Investments
Unlisted Other Total
£ £ £
Cost
As at 1 November 2022 26,000 726,416 752,416
As at 31 October 2023 26,000 726,416 752,416
Provision
As at 1 November 2022 - - -
As at 31 October 2023 - - -
Net Book Value
As at 31 October 2023 26,000 726,416 752,416
As at 1 November 2022 26,000 726,416 752,416
6. Stocks
2023 2022
£ £
Finished goods 64,136 -
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 10,393 10,393
Prepayments and accrued income 22,736 1,353
Other debtors 10,362 -
43,491 11,746
Due after more than one year
Amounts owed by associates 89,497 21,972
132,988 33,718
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 21,384 21,123
Bank loans and overdrafts 6,982 -
Accruals and deferred income 1,200 (20,183 )
29,566 940
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors (9) 957,379 925,679
Amounts owed to associates 87,831 87,831
1,045,210 1,013,510
Page 4
Page 5
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 5