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Registration number: 10098194

Meerkat Marquees Limited

Annual Report and Unaudited Financial Statements Year Ended 30 April 2023

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Chartered Accountants

 

Meerkat Marquees Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Meerkat Marquees Limited

Company Information

Director

Mr R C Gurvitz

Registered office

Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

Accountants

Edwards and Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Meerkat Marquees Limitedfor the Year Ended 30 April 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Meerkat Marquees Limited for the year ended 30 April 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Meerkat Marquees Limited, as a body, in accordance with the terms of our engagement letter dated 12 March 2024. Our work has been undertaken solely to prepare for your approval the accounts of Meerkat Marquees Limited and state those matters that we have agreed to state to the Board of Directors of Meerkat Marquees Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Meerkat Marquees Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Meerkat Marquees 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 loss of Meerkat Marquees Limited. You consider that Meerkat Marquees 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 Meerkat Marquees 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.






Edwards and Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

22 August 2024

 

Meerkat Marquees Limited

(Registration number: 10098194)
Balance Sheet as at 30 April 2023

Note

2023
£

(As restated)

2022
£

Fixed assets

 

Tangible assets

4

68,343

75,471

Current assets

 

Debtors

5

26,901

74,278

Cash at bank and in hand

 

27,273

55,976

 

54,174

130,254

Creditors: Amounts falling due within one year

6

(78,551)

(76,919)

Net current (liabilities)/assets

 

(24,377)

53,335

Total assets less current liabilities

 

43,966

128,806

Creditors: Amounts falling due after more than one year

6

(20,215)

(24,128)

Provisions for liabilities

(10,309)

(11,191)

Net assets

 

13,442

93,487

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

13,440

93,485

Shareholders' funds

 

13,442

93,487

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 October 2024
 



Mr R C Gurvitz
Director

 

Meerkat Marquees Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

These financial statements were authorised for issue by the director on 4 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Meerkat Marquees Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% Reducing balance

Motor vehicles

20% Straight line

Computer equipment

33% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Meerkat Marquees Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 0).

 

Meerkat Marquees Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2022

174,121

5,000

179,121

Additions

12,500

-

12,500

At 30 April 2023

186,621

5,000

191,621

Depreciation

At 1 May 2022

100,650

3,000

103,650

Charge for the year

18,628

1,000

19,628

At 30 April 2023

119,278

4,000

123,278

Carrying amount

At 30 April 2023

67,343

1,000

68,343

At 30 April 2022

73,471

2,000

75,471

5

Debtors

Current

2023
£

2022
£

Trade debtors

25,338

74,278

Prepayments

1,563

-

 

26,901

74,278

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

(As restated)

2022
£

Due within one year

 

Loans and borrowings

8

1,412

3,260

Taxation and social security

 

24,012

22,890

Accruals and deferred income

 

6,552

4,095

Other creditors

 

46,575

46,674

 

78,551

76,919

Creditors: amounts falling due after more than one year

Note

2023
£

(As restated)

2022
£

Due after one year

 

Loans and borrowings

8

20,215

24,128

 

Meerkat Marquees Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 April 2023

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

8

Loans and borrowings

Non-current loans and borrowings

2023
£

(As restated)

2022
£

Bank borrowings

20,215

24,128

Current loans and borrowings

2023
£

(As restated)

2022
£

Bank borrowings

1,412

3,260

9

Related party transactions

Transactions with the director

2023

At 1 May 2022
£

Advances to director
£

At 30 April 2023
£

Mr R C Gurvitz

The director has an interest free loan which is paybale on demand.

45,774

(100)

45,674

2022

At 1 May 2021
£

Advances to director
£

At 30 April 2022
£

Mr R C Gurvitz

The director has an interest free loan which is paybale on demand.

46,471

(697)

45,774