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REGISTERED NUMBER: 10026880 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

MERITZ TRADING LIMITED

MERITZ TRADING LIMITED (REGISTERED NUMBER: 10026880)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MERITZ TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTOR: P D Hopley





REGISTERED OFFICE: Waterside Gym
Valley Road
Hebden Bridge
West Yorkshire
HX7 7BZ





REGISTERED NUMBER: 10026880 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

MERITZ TRADING LIMITED (REGISTERED NUMBER: 10026880)

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,842 75,471

CURRENT ASSETS
Stocks 850 850
Debtors 5 5,666 5,145
Cash at bank and in hand 16,208 10,887
22,724 16,882
CREDITORS
Amounts falling due within one year 6 70,259 71,335
NET CURRENT LIABILITIES (47,535 ) (54,453 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,307

21,018

CREDITORS
Amounts falling due after more than
one year

7

(15,070

)

(17,244

)

PROVISIONS FOR LIABILITIES (4,398 ) (3,035 )
NET ASSETS 5,839 739

CAPITAL AND RESERVES
Called up share capital 9 30 30
Retained earnings 5,809 709
SHAREHOLDERS' FUNDS 5,839 739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18th November 2024 and were signed by:



P D Hopley - Director


MERITZ TRADING LIMITED (REGISTERED NUMBER: 10026880)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024

1. STATUTORY INFORMATION

Meritz Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - over 20 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

MERITZ TRADING LIMITED (REGISTERED NUMBER: 10026880)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1st March 2023 85,000 4,680 43,167
Additions - - 3,730
At 29th February 2024 85,000 4,680 46,897
DEPRECIATION
At 1st March 2023 25,500 1,350 31,221
Charge for year 4,250 234 3,626
At 29th February 2024 29,750 1,584 34,847
NET BOOK VALUE
At 29th February 2024 55,250 3,096 12,050
At 28th February 2023 59,500 3,330 11,946

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st March 2023 2,503 1,556 136,906
Additions 2,600 - 6,330
At 29th February 2024 5,103 1,556 143,236
DEPRECIATION
At 1st March 2023 2,010 1,354 61,435
Charge for year 747 102 8,959
At 29th February 2024 2,757 1,456 70,394
NET BOOK VALUE
At 29th February 2024 2,346 100 72,842
At 28th February 2023 493 202 75,471

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,750 3,750
Prepayments and accrued income 1,916 1,395
5,666 5,145

MERITZ TRADING LIMITED (REGISTERED NUMBER: 10026880)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,754 2,754
Tax 4,934 654
VAT 3,327 3,269
Other creditors 11,039 6,039
Directors' current accounts 42,574 55,198
Accrued expenses 5,631 3,421
70,259 71,335

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1 - 2 years 2,754 2,754
Bank loans - 2-5 years 8,261 8,261
Bank loans >5yr by instalments 4,055 6,229
15,070 17,244

Amounts falling due in more than five years:

Repayable by instalments
Bank loans >5yr by instalments 4,055 6,229

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 17,824 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary £1 3 30
27 A Ordinary £1 27 -
30 30