Company registration number 03482665 (England and Wales)
Merino Tops Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 April 2024
PAGES FOR FILING WITH REGISTRAR
Merino Tops Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Merino Tops Limited
Statement Of Financial Position
as at 30 April 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
61,596
61,596
Current assets
Debtors
-
0
5,696
Cash at bank and in hand
7,134
22,814
7,134
28,510
Creditors: amounts falling due within one year
(3,430)
(3,430)
Net current assets
3,704
25,080
Total assets less current liabilities
65,300
86,676
Creditors: amounts falling due after more than one year
(1,637)
(3,007)
Net assets
63,663
83,669
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
63,563
83,569
Total equity
63,663
83,669

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

Merino Tops Limited
Statement Of Financial Position (continued)
as at 30 April 2024
30 April 2024
- 2 -

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his 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.

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

The financial statements were approved and signed by the director and authorised for issue on 7 January 2025
I F Barraclough
Director
Company Registration No. 03482665
Merino Tops Limited
Notes to the Financial Statements
for the year ended 30 April 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Buildings Leasehold
No depreciation
Plant and machinery
33% on written down value
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
Merino Tops Limited
Notes to the Financial Statements (continued)
for the year ended 30 April 2024
- 4 -
3
Tangible fixed assets
Buildings Leasehold
Plant and machinery
Total
£
£
£
Cost
At 1 May 2023 and 30 April 2024
61,596
27,471
89,067
Depreciation and impairment
At 1 May 2023 and 30 April 2024
-
0
27,471
27,471
Carrying amount
At 30 April 2024
61,596
-
0
61,596
At 30 April 2023
61,596
-
0
61,596
4
Company information

Merino Tops Limited is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

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