Registered Number:04831034 |
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
Merit Resources Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
-
2,258
2
-
2,258
Trade and other receivables |
-
1
3
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
100
100
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. |
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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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. |
Arden Cleeve
Pike Law Lane
Scapegoat Hill
Huddersfield
HD7 4PL
The presentation currency is £ sterling. |
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: |
Computer equipment
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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For the year ended 30 June 2024
Merit Resources Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
21,549
7,497
14,052
14,052
7,497
21,549
Provision for depreciation and impairment |
19,291
7,497
11,794
Charge for year
2,258
-
2,258
21,549
7,497
14,052
-
-
-
2,258
-
2,258
3. Trade and other receivables |
2023
2024
Taxation and social security |
1
-
4. Financial instruments at fair value |
2023
2024
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
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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