2023-07-01 04831034 2024-06-30 04831034 2023-07-01 2024-06-30 04831034 2023-06-30 04831034 2022-07-01 2023-06-30 04831034 uk-core:WithinOneYear 2023-06-30 04831034 uk-core:WithinOneYear 2024-06-30 04831034 uk-core:ShareCapital 2024-06-30 04831034 uk-core:ShareCapital 2023-06-30 04831034 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 04831034 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 04831034 uk-bus:Director1 2023-07-01 2024-06-30 04831034 uk-core:ToolsEquipment 2023-07-01 2024-06-30 04831034 uk-core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 04831034 uk-core:ToolsEquipment 2023-06-30 04831034 uk-core:FurnitureFittingsToolsEquipment 2023-06-30 04831034 uk-core:FurnitureFittingsToolsEquipment 2024-06-30 04831034 uk-core:ToolsEquipment 2024-06-30 iso4217:GBP xbrli:pure 04831034 uk-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 04831034 uk-bus:FRS102 2023-07-01 2024-06-30 04831034 uk-bus:FilletedAccounts 2023-07-01 2024-06-30 04831034 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30
Merit Resources Limited
Registered Number:04831034
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
04831034
As at 30 June 2024
Merit Resources Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
-
2,258
2
-
2,258
Current assets
Trade and other receivables
-
1
3
Financial assets
172,386
174,596
4
91,186
Cash and cash equivalents
9,698
184,295
263,572
Trade and other payables: amounts falling due within one
year
(142,268)
(75,389)
5
121,304
108,906
Net current assets
Total assets less current liabilities
108,906
123,562
108,906
Net assets
123,562
Capital and reserves
Called up share capital
100
100
Retained earnings
108,806
123,462
108,906
123,562
Shareholders' funds
For the year ended 30 June 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Craig C Gourlay Director
These financial statements were approved and authorised for issue by the Board on 10 December 2024 and were signed by:
The notes form part of these financial statements
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3
For the year ended 30 June 2024
Merit Resources Limited
Notes to the Financial Statements
Statutory Information
Merit Resources Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04831034.
Registered address:
Arden Cleeve
Pike Law Lane
Scapegoat Hill
Huddersfield
HD7 4PL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33.3 Straight line
Computer equipment
25 Straight line
Fixtures and fittings
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
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4
For the year ended 30 June 2024
Merit Resources Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 July 2023
21,549
7,497
14,052
At 30 June 2024
14,052
7,497
21,549
Provision for depreciation and impairment
At 01 July 2023
19,291
7,497
11,794
Charge for year
2,258
-
2,258
At 30 June 2024
21,549
7,497
14,052
At 30 June 2024
Net book value
-
-
-
At 30 June 2023
2,258
-
2,258
3. Trade and other receivables
2023
2024
£
£
Taxation and social security
1
-
4. Financial instruments at fair value
2023
2024
£
£
Other investments
174,596
172,386
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
-
7
Accruals and deferred income
860
860
Directors' loan accounts
74,529
141,401
75,389
142,268
6. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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