IRIS Accounts Production v24.3.0.553 SC697206 Board of Directors 1.5.23 30.4.24 30.4.24 1.11.24 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6972062023-04-30SC6972062024-04-30SC6972062023-05-012024-04-30SC6972062022-04-30SC6972062022-05-012023-04-30SC6972062023-04-30SC697206ns15:Scotland2023-05-012024-04-30SC697206ns14:PoundSterling2023-05-012024-04-30SC697206ns10:Director12023-05-012024-04-30SC697206ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30SC697206ns10:SmallEntities2023-05-012024-04-30SC697206ns10:Audited2023-05-012024-04-30SC697206ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30SC697206ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC697206ns10:FullAccounts2023-05-012024-04-30SC697206ns10:EntityHasNeverTraded2023-05-012024-04-30SC697206ns10:Director32023-05-012024-04-30SC697206ns10:Director42023-05-012024-04-30SC697206ns10:CompanySecretary12023-05-012024-04-30SC697206ns10:RegisteredOffice2023-05-012024-04-30SC697206ns5:CurrentFinancialInstruments2024-04-30SC697206ns5:CurrentFinancialInstruments2023-04-30SC697206ns5:ShareCapital2024-04-30SC697206ns5:ShareCapital2023-04-30SC697206ns5:RetainedEarningsAccumulatedLosses2024-04-30SC697206ns5:RetainedEarningsAccumulatedLosses2023-04-30SC697206ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-30SC697206ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: SC697206 (Scotland)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MERLIN SIMPLE PAYMENT SOLUTIONS LTD

MERLIN SIMPLE PAYMENT SOLUTIONS LTD (REGISTERED NUMBER: SC697206)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MERLIN SIMPLE PAYMENT SOLUTIONS LTD

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: R Anderson BVMS RCVS
D W Taylor , BVM&S, MRCVS
Ms N M Kinghorn





SECRETARY: Ms C Dickson





REGISTERED OFFICE: Q Court
3 Quality Street
Edinburgh
EH4 5BP





REGISTERED NUMBER: SC697206 (Scotland)





AUDITORS: Haines Watts Scotland
Business Advisors, Accountants and
Statutory Auditors
Q Court
3 Quality Street
Edinburgh
EH4 5BP

MERLIN SIMPLE PAYMENT SOLUTIONS LTD (REGISTERED NUMBER: SC697206)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 9,457 23,332
Cash at bank 8,770 555
18,227 23,887
CREDITORS
Amounts falling due within one year 5 292,850 194,545
NET CURRENT LIABILITIES (274,623 ) (170,658 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(274,623

)

(170,658

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (274,624 ) (170,659 )
(274,623 ) (170,658 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





D W Taylor , BVM&S, MRCVS - Director


MERLIN SIMPLE PAYMENT SOLUTIONS LTD (REGISTERED NUMBER: SC697206)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Merlin Simple Payment Solutions Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company was incorporated on 28 April 2021.

During the year the company made a loss of £103,965 (2022: £170,659) and at the year end had net liabilities of £274,623 (2022: £170.658).

The company relies on the support of group companies and the directors have received written confirmation that they are willing to continue to financially support Merlin Simple Payment Solutions Limited for a period of at least 12 months from the approval of the financial statements.

Therefore, as there is a reasonable expectation that the company has adequate resources available to it to continue in operational existence for the foreseeable future, the directors have concluded this does not represent a material uncertainty with regards to going concern.

Thus, the financial statements have been prepared on a going concern basis which presumes the retaliations of assets and liabilities in the normal course of business.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

MERLIN SIMPLE PAYMENT SOLUTIONS LTD (REGISTERED NUMBER: SC697206)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,308 1,238
VAT 2,162 14,762
Prepayments and accrued income 3,987 7,332
9,457 23,332

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,431 163
Amounts owed to group undertakings 287,919 189,147
Other creditors 3,500 5,235
292,850 194,545

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Craig Hunter (Senior Statutory Auditor)
for and on behalf of Haines Watts Scotland

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8. ULTIMATE CONTROLLING PARTY

The parent undertaking of the largest and smallest group for which consolidated financial statements are prepared is Merlin Vet Export Limited. Consolidated financial statements for Merlin Vet Export Limited are available from Companies House, 139 Fountainbridge, Edinburgh, EH3 9FF.

The ultimate controlling party of Merlin Vet Export Limited is D W Taylor, BVM&S, MRCVS.