Merdean Limited Filleted Accounts Cover
Merdean Limited
Company No. 03026780
Information for Filing with The Registrar
29 February 2024
Merdean Limited Balance Sheet Registrar
at
29 February 2024
Company No.
03026780
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
863
863
Current assets
Debtors
5
29,10015,201
Cash at bank and in hand
20,42637,791
49,52652,992
Creditors: Amount falling due within one year
6
(19,340)
(11,977)
Net current assets
30,18641,015
Total assets less current liabilities
30,19441,078
Net assets
30,19441,078
Capital and reserves
Called up share capital
33
Profit and loss account
7
30,19141,075
Total equity
30,19441,078
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 29 February 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 16 October 2024 and signed on its behalf by:
L. Goode
Director
16 October 2024
Merdean Limited Notes to the Accounts Registrar
for the year ended 29 February 2024
1
General information
Merdean Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 03026780
Its registered office is:
15 Spring Terrace
Nuthall
Nottingham
NG16 1DL
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover represents the net consideration received for the provision of goods and services in the ordinary course of the company's activities. Revenue is recognised when ownership of goods has transferred to the buyer or when repairs and servicing is carried out.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% Straight line
Furniture, fittings and equipment
25% Straight line
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 March 2023
28,4623,80432,266
At 29 February 2024
28,4623,80432,266
Depreciation
At 1 March 2023
28,4603,74332,203
Charge for the year
-5555
At 29 February 2024
28,4603,79832,258
Net book values
At 29 February 2024
268
At 28 February 2023
2
61
63
5
Debtors
2024
2023
£
£
Trade debtors
27,43313,088
Other debtors
250625
Prepayments and accrued income
1,4171,488
29,10015,201
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Trade creditors
341-
Taxes and social security
7,802
9,132
Loans from directors
2,0551,356
Accruals and deferred income
9,1421,489
19,34011,977
7
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
8
Guarantees and commitments
2024
2023
£
£
Total of guarantees and commitments
21,9166,698
Amounts shown above relate to commitments under non-cancellable operating leases
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