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Registered number
12565267
Merton Connect Ltd
Unaudited Accounts
for the year ended
30 April 2024
Merton Connect Ltd
Balance Sheet
as at 30 April 2024
Notes
2024
£
2023
£
Fixed assets
Intangible assets 3 91,591 91,591
Tangible assets 4 32,796 43,729
124,387 135,320
Current assets
Stocks 5 1,111,753 998,402
Debtors 6 249,798 280,456
Cash at bank and in hand 10,793 4,652
1,372,344 1,283,510
Prepayments and accrued income: 5,200 5,200
Creditors: amounts falling due within one year 7 (1,250,535) (1,211,312)
Net current assets / (liabilities) 127,009 77,398
Total assets less current liabilities 251,396 212,718
Provisions for liabilities (0) (0)
Accruals and deferred income (6,000) (3,409)
Total net assets (liabilities) 245,396 209,309
Capital and reserves
Called up share capital 8 100 100
Profit and loss account 245,296 209,209
Shareholders' funds 245,396 209,309

Merton Connect Ltd
Balance Sheet
as at 30 April 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr E Portnoy

Director


Approved by the board on 30 October 2024

Company Number: 12565267 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

193a Ashley Road
Hale
Altrincham
Cheshire
WA15 9SQ
United Kingdom

Merton Connect Ltd
Notes to the Accounts
for the year ended 30 April 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Computer equipment 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Office equipment 25% Reducing Balance
Tools & equipment 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.
2. Employees
2024 2023
Average number of employees during the period 12 13

3. Intangible fixed assets
Total
Cost £
At 1 May 2023 91,591
At 30 April 2024 91,591
Amortisation
At 1 May 2023 0
At 30 April 2024 0
Net book value
At 30 April 2024 91,591
At 30 April 2023 91,591

4. Tangible fixed assets
Computer equipment Fixtures & Fittings Office equipment Tools & equipment Total
Cost or valuation £ £ £ £ £
At 1 May 2023 4,770 1,781 4,891 65,661 77,103
At 30 April 2024 4,770 1,781 4,891 65,661 77,103
Depreciation
At 1 May 2023 2,669 847 2,435 27,423 33,374
Charge for the period 525 234 614 9,560 10,933
At 30 April 2024 3,194 1,081 3,049 36,983 44,307
Net book value
At 30 April 2024 1,576 700 1,842 28,678 32,796
At 30 April 2023 2,101 934 2,456 38,238 43,729

5. Stocks
2024 2023
£ £
Finished goods 1,111,753 998,402
1,111,753 998,402

6. Debtors
2024 2023
£ £
Trade debtors 249,798 280,456
249,798 280,456

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank Loans & Overdrafts 513,257 530,446
Trade creditors 233,041 168,217
Taxation & social security 123,169 127,738
Other creditors 381,068 384,911
1,250,535 1,211,312

8. Share capital
2024 2023
£ £
Allotted, called up and fully paid:
100 (2023: 100) Ordinary shares of £1.00 each 100 100
100 100