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REGISTERED NUMBER: 12014589 (England and Wales)















Merlin Micro Consultancy Limited

Financial Statements

for the Year Ended 31 May 2024






Merlin Micro Consultancy Limited (Registered number: 12014589)

Contents of the Financial Statements
for the year ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Merlin Micro Consultancy Limited

Company Information
for the year ended 31 May 2024







Director: M A Kitson





Registered office: 45 Doughty Street
London
WC1N 2LR





Registered number: 12014589 (England and Wales)






Merlin Micro Consultancy Limited (Registered number: 12014589)

Balance Sheet
31 May 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 2,113 347
Investments 5 24,347 25,319
26,460 25,666

Current assets
Debtors 6 6,758 666
Cash at bank 1,155 2,169
7,913 2,835
Creditors
Amounts falling due within one year 7 44,501 23,646
Net current liabilities (36,588 ) (20,811 )
Total assets less current liabilities (10,128 ) 4,855

Capital and reserves
Called up share capital 8 100 100
Retained earnings (10,228 ) 4,755
Shareholders' funds (10,128 ) 4,855

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 May 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 10 January 2025 and were signed by:





M A Kitson - Director


Merlin Micro Consultancy Limited (Registered number: 12014589)

Notes to the Financial Statements
for the year ended 31 May 2024


1. Statutory information

Merlin Micro Consultancy 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.

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 as modified by the revaluation of certain assets.

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

Amounts in these financial statements are rounded to the nearest £.

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

Turnover represents amounts receivable for services provided in the year and is stated net of VAT accounted for on the accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment -Straight line over 3 years

Financial instruments
Financial assets and liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument. The Company holds basic financial instruments which comprise cash at bank, trade and other receivables, and trade and other payables. The Company has chosen to apply the provisions of Section 11 Basic Financial Instruments in full.

Financial assets - classified as basic financial instruments

(i) Cash at bank and in hand
Cash at bank and in hand include cash in hand, deposits held with banks, and other short-term highly liquid investments with original maturities of three months or less.

(ii) Trade and other receivables
Trade and other receivables are initially recognised at the transaction price, including any transaction costs. Amounts that are receivable within one year are measured at the undiscounted amount of the cash expected to be received, net of any impairment.

At the end of each reporting period, the Company assesses whether there is objective evidence that an receivable amount may be impaired. A provision for impairment 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. The amount of the provision is the difference between the asset's carrying amount and the present value of the estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised immediately in the Income Statement.

Financial Liabilities - classified as basic financial instruments

(i) Trade and other payables and loans and borrowings
Trade and other payables and loans and borrowings are initially measured at the transaction price, including any transaction costs, and subsequently measured at amortised cost using the effective interest method. Amounts that are payable within one year are measured at the undiscounted amount of the cash expected to be paid.

Merlin Micro Consultancy Limited (Registered number: 12014589)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


2. Accounting policies - continued

Current asset investments
Current asset investments are investments in listed company shares. Current asset investments are remeasured at market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the year.

Going concern
These financial statements have been prepared on a going concern basis.

The current economic conditions, present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations and external debt liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis.

3. Employees and directors

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

4. Tangible fixed assets
Computer
equipment
£
Cost
At 1 June 2023 3,214
Additions 3,169
At 31 May 2024 6,383
Depreciation
At 1 June 2023 2,867
Charge for year 1,403
At 31 May 2024 4,270
Net book value
At 31 May 2024 2,113
At 31 May 2023 347

Merlin Micro Consultancy Limited (Registered number: 12014589)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


5. Fixed asset investments
Other
investments
£
Cost or valuation
At 1 June 2023 25,319
Revaluations (972 )
At 31 May 2024 24,347
Net book value
At 31 May 2024 24,347
At 31 May 2023 25,319


6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 1,146 666
Other debtors 5,612 -
6,758 666

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 4,206 269
Taxation and social security - 7,326
Other creditors 40,295 16,051
44,501 23,646

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

9. Related party disclosures

At the Balance Sheet date, the director was owed £31,248 (2023: £14,551) by the Company.

10. Ultimate controlling party

The ultimate controlling party is M A Kitson.