MERCAT FINANCE (AYRSHIRE) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Company registration number SC417747 (Scotland)
PAGES FOR FILING WITH REGISTRAR
MERCAT FINANCE (AYRSHIRE) LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
-
0
290,000
Current assets
103,164
297,114
Prepayments and accrued income
1,337
2,958
Creditors: amounts falling due within one year
(17,273)
(194,681)
Net current assets
87,228
105,391
Total assets less current liabilities
87,228
395,391
Net assets
87,228
395,391
Capital and reserves
87,228
395,391
Notes to the financial statements
1
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2024
2023
Number
Number
Employees
1
1
2
Related party transactions

Included within 'Other debtors' at 31 January 2024 is an interest free loan of £7,200 (2023 - £7,200) owed by a company connected by virtue of common directorship. There is no set repayment date for this loan, which does not bear interest.

 

Included within 'Other creditors' at 31 January 2024 are amounts owed to the company directors of £11,463 (2023 - £188,251). These loans are interest free, with no fixed terms for repayment.

Mercat Finance (Ayrshire) Limited is a private company limited by shares incorporated in Scotland. The registered office is 11 Kings Drive, Cumnock, Ayrshire, KA18 1AH.

For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

MERCAT FINANCE (AYRSHIRE) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2024
31 January 2024
- 2 -

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 26 April 2024 and are signed on its behalf by:
Mr James Thomson
Director
Company registration number SC417747 (Scotland)
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