IRIS Accounts Production v24.1.0.578 12304305 Board of Directors Board of Directors 1.12.23 30.11.24 30.11.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh123043052023-11-30123043052024-11-30123043052023-12-012024-11-30123043052022-11-30123043052022-12-012023-11-30123043052023-11-3012304305ns15:EnglandWales2023-12-012024-11-3012304305ns14:PoundSterling2023-12-012024-11-3012304305ns10:Director12023-12-012024-11-3012304305ns10:Director22023-12-012024-11-3012304305ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3012304305ns10:SmallEntities2023-12-012024-11-3012304305ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3012304305ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3012304305ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3012304305ns10:FullAccounts2023-12-012024-11-3012304305ns10:RegisteredOffice2023-12-012024-11-3012304305ns5:CurrentFinancialInstruments2024-11-3012304305ns5:CurrentFinancialInstruments2023-11-3012304305ns5:Non-currentFinancialInstruments2024-11-3012304305ns5:Non-currentFinancialInstruments2023-11-3012304305ns5:ShareCapital2024-11-3012304305ns5:ShareCapital2023-11-3012304305ns5:RetainedEarningsAccumulatedLosses2024-11-3012304305ns5:RetainedEarningsAccumulatedLosses2023-11-3012304305ns5:FurnitureFittings2023-12-012024-11-3012304305ns5:ComputerEquipment2023-12-012024-11-3012304305ns5:FurnitureFittings2023-11-3012304305ns5:ComputerEquipment2023-11-3012304305ns5:FurnitureFittings2024-11-3012304305ns5:ComputerEquipment2024-11-3012304305ns5:FurnitureFittings2023-11-3012304305ns5:ComputerEquipment2023-11-3012304305ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-11-3012304305ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3012304305ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-11-3012304305ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-11-3012304305ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-11-3012304305ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-11-30
REGISTERED NUMBER: 12304305 (England and Wales)
















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Merge IT Limited

Merge IT Limited (Registered number: 12304305)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Merge IT Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: K F Kopec
Mrs I Kopec





REGISTERED OFFICE: 2 Pullman Court
Great Western Road
Gloucester
Gloucestershire
GL1 3ND





REGISTERED NUMBER: 12304305 (England and Wales)





ACCOUNTANTS: Boyds Accountants
Britannia Court
5 Moor Street
Worcester
Worcestershire
WR1 3DB

Merge IT Limited (Registered number: 12304305)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,906 3,271

CURRENT ASSETS
Stocks 7,299 8,306
Debtors 5 25,964 36,706
Cash at bank 2,196 1,363
35,459 46,375
CREDITORS
Amounts falling due within one year 6 26,444 35,904
NET CURRENT ASSETS 9,015 10,471
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,921

13,742

CREDITORS
Amounts falling due after more than one
year

7

(12,081

)

(13,096

)

PROVISIONS FOR LIABILITIES (742 ) (467 )
NET ASSETS 98 179

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 88 169
SHAREHOLDERS' FUNDS 98 179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Merge IT Limited (Registered number: 12304305)

Balance Sheet - continued
30 November 2024


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 Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by:




K F Kopec - Director



Mrs I Kopec - Director


Merge IT Limited (Registered number: 12304305)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Merge IT 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Merge IT Limited (Registered number: 12304305)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2023 2,153 12,107 14,260
Additions 331 2,110 2,441
At 30 November 2024 2,484 14,217 16,701
DEPRECIATION
At 1 December 2023 1,504 9,485 10,989
Charge for year 449 1,357 1,806
At 30 November 2024 1,953 10,842 12,795
NET BOOK VALUE
At 30 November 2024 531 3,375 3,906
At 30 November 2023 649 2,622 3,271

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 14,729 22,689
Other debtors 1,260 1,260
Directors' current accounts 8,961 11,863
Prepayments and accrued income 1,014 894
25,964 36,706

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 9,844 11,504
Trade creditors 3,807 9,764
Tax 2,160 1,742
Social security and other taxes - 662
Pension - 109
VAT 1,828 5,434
Other creditors 3,055 5,657
Accrued expenses 5,750 1,032
26,444 35,904

Merge IT Limited (Registered number: 12304305)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans - 1-2 years 2,685 2,685
Bank loans - 2-5 years 9,396 10,411
12,081 13,096