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Company Registration No. 12883485 (England and Wales)
Merit Accounting Limited Unaudited accounts for the period from 1 April 2023 to 30 September 2024
Merit Accounting Limited Unaudited accounts Contents
Page
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Merit Accounting Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
89,250 
96,900 
Tangible assets
10,784 
10,928 
100,034 
107,828 
Current assets
Debtors
15,395 
8,450 
Cash at bank and in hand
49,920 
51,535 
65,315 
59,985 
Creditors: amounts falling due within one year
(8,826)
(12,460)
Net current assets
56,489 
47,525 
Net assets
156,523 
155,353 
Capital and reserves
Called up share capital
90,000 
90,000 
Profit and loss account
66,523 
65,353 
Shareholders' funds
156,523 
155,353 
For the period ending 30 September 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.
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 9 October 2024 and were signed on its behalf by
Mr M A Meredith Director Company Registration No. 12883485
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Merit Accounting Limited Notes to the Accounts for the period from 1 April 2023 to 30 September 2024
1
Statutory information
Merit Accounting Limited is a private company, limited by shares, registered in England and Wales, registration number 12883485. The registered office is Unit 18, Pebble Close, Tamworth, B77 4RD, 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 period, 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:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
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Merit Accounting Limited Notes to the Accounts for the period from 1 April 2023 to 30 September 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
102,000 
At 30 September 2024
102,000 
Amortisation
At 1 April 2023
5,100 
Charge for the period
7,650 
At 30 September 2024
12,750 
Net book value
At 30 September 2024
89,250 
At 31 March 2023
96,900 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
6,750 
2,450 
5,664 
14,864 
Additions
- 
1,595 
2,859 
4,454 
At 30 September 2024
6,750 
4,045 
8,523 
19,318 
Depreciation
At 1 April 2023
1,350 
598 
1,988 
3,936 
Charge for the period
1,600 
1,045 
1,953 
4,598 
At 30 September 2024
2,950 
1,643 
3,941 
8,534 
Net book value
At 30 September 2024
3,800 
2,402 
4,582 
10,784 
At 31 March 2023
5,400 
1,852 
3,676 
10,928 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,395 
8,450 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
8,788 
8,988 
Other creditors
- 
3,330 
Loans from directors
38 
142 
8,826 
12,460 
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Merit Accounting Limited Notes to the Accounts for the period from 1 April 2023 to 30 September 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
90,000 Ordinary shares of £1 each
90,000 
90,000 
9
Average number of employees
During the period the average number of employees was 2 (2023: 2).
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