Registered number
13435498
MARJO MERITS LTD
Filleted Accounts
30 June 2024
MARJO MERITS LTD
Registered number: 13435498
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 632 948
Current assets
Stocks 5,000 4,000
Cash at bank and in hand 445 4,122
5,445 8,122
Creditors: amounts falling due within one year 4 (15,220) (2,256)
Net current (liabilities)/assets (9,775) 5,866
Net (liabilities)/assets (9,143) 6,814
Capital and reserves
Called up share capital 1 1
Profit and loss account (9,144) 6,813
Shareholder's funds (9,143) 6,814
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
OLUFUNMILAYO O MACARTHY
Director
Approved by the board on 27 January 2025
MARJO MERITS LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
At 1 July 2023 1,580
At 30 June 2024 1,580
Depreciation
At 1 July 2023 632
Charge for the year 316
At 30 June 2024 948
Net book value
At 30 June 2024 632
At 30 June 2023 948
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 1,978
Other creditors 15,220 278
15,220 2,256
5 Other information
MARJO MERITS LTD is a private company limited by shares and incorporated in England. Its registered office is:
Flat 92 Bronte House
Poynders Gardens
London
SW4 8PE
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