Company registration number 15466100 (England and Wales)
HD - MERRY HILL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
HD - MERRY HILL LTD
COMPANY INFORMATION
Directors
Mr M A Syed
(Appointed 4 February 2024)
Mr K A Abbas
(Appointed 4 February 2024)
Mr Y R Mirza
(Appointed 4 February 2024)
Mrs S K Mirza
(Appointed 3 October 2024)
Company number
15466100
Registered office
Unit 32/32A
Merry Hill
Dudley
West Midlands
DY5 1QX
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Lloyds Bank Plc
25 Gresham Street
London
EC2V 7HN
HD - MERRY HILL LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 6
HD - MERRY HILL LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HD - MERRY HILL LTD FOR THE PERIOD ENDED 28 FEBRUARY 2025
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HD - Merry Hill Ltd for the period ended 28 February 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of HD - Merry Hill Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of HD - Merry Hill Ltd and state those matters that we have agreed to state to the board of directors of HD - Merry Hill Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than HD - Merry Hill Ltd and its board of directors as a body, for our work or for this report.
It is your duty to ensure that HD - Merry Hill Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of HD - Merry Hill Ltd. You consider that HD - Merry Hill Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of HD - Merry Hill Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ormerod Rutter Limited
27 May 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
HD - MERRY HILL LTD
BALANCE SHEET
AS AT 28 FEBRUARY 2025
28 February 2025
- 2 -
2025
Notes
£
£
Fixed assets
Intangible assets
3
18,000
Tangible assets
4
254,351
272,351
Current assets
Debtors
5
73,571
Cash at bank and in hand
90
73,661
Creditors: amounts falling due within one year
6
(231,608)
Net current liabilities
(157,947)
Total assets less current liabilities
114,404
Creditors: amounts falling due after more than one year
7
(143,334)
Net liabilities
(28,930)
Capital and reserves
Called up share capital
9
4
Profit and loss reserves
(28,934)
Total equity
(28,930)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 27 May 2025 and are signed on its behalf by:
Mrs S K Mirza
Director
Company registration number 15466100 (England and Wales)
HD - MERRY HILL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2025
- 3 -
1
Accounting policies
Company information
HD - Merry Hill Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 32/32A, Merry Hill, Dudley, West Midlands, DY5 1QX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.
1.3
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Licences
10% on cost
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
20% on reducing balance
Fixtures and fittings
15% on reducing balance
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
HD - MERRY HILL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 4 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.6
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2025
Number
Total
4
HD - MERRY HILL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
- 5 -
3
Intangible fixed assets
Licences
£
Cost
At 4 February 2024
Additions
20,000
At 28 February 2025
20,000
Amortisation and impairment
At 4 February 2024
Amortisation charged for the period
2,000
At 28 February 2025
2,000
Carrying amount
At 28 February 2025
18,000
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Total
£
£
£
Cost
At 4 February 2024
Additions
50,155
204,196
254,351
At 28 February 2025
50,155
204,196
254,351
Depreciation and impairment
At 4 February 2024 and 28 February 2025
Carrying amount
At 28 February 2025
50,155
204,196
254,351
5
Debtors
2025
Amounts falling due within one year:
£
Other debtors
69,295
Deferred tax asset
4,276
73,571
HD - MERRY HILL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 28 FEBRUARY 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
£
Bank loans and overdrafts
87,154
Trade creditors
7,131
Other creditors
137,323
231,608
7
Creditors: amounts falling due after more than one year
2025
£
Bank loans and overdrafts
143,334
8
Secured debts
The following secured debts are included within creditors:
2025
£
Bank overdrafts
39,655
Bank loans
190,833
230,488
Bank loans are secured by way of a fixed and floating charge over all assets of the company.
9
Called up share capital
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
4
4
4 Ordinary shares of £1 were allotted and fully paid for cash at par during the period.
10
Ultimate controlling party
There is no ultimate controlling party.
11
Comparatives
This is the company’s first period of trade, therefore there are no comparatives.