2024-04-01 07927633 2025-03-31 07927633 2024-04-01 2025-03-31 07927633 2024-03-31 07927633 2023-04-01 2024-03-31 07927633 uk-core:WithinOneYear 2024-03-31 07927633 uk-core:WithinOneYear 2025-03-31 07927633 uk-core:ShareCapital 2025-03-31 07927633 uk-core:ShareCapital 2024-03-31 07927633 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 07927633 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 07927633 uk-bus:Director1 2024-04-01 2025-03-31 07927633 uk-core:OfficeEquipment 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure 07927633 uk-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07927633 uk-bus:FRS102 2024-04-01 2025-03-31 07927633 uk-bus:FilletedAccounts 2024-04-01 2025-03-31 07927633 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31
Merit Engineering Resources Limited
Registered Number:07927633
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
2
Registered Number :
07927633
As at 31 March 2025
Merit Engineering Resources Limited
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Property, plant and equipment
-
95
2
-
95
Current assets
Trade and other receivables
8,574
8,496
3
43,130
Cash and cash equivalents
59,136
67,632
51,704
Trade and other payables: amounts falling due within one
year
(8,323)
(17,697)
4
43,381
49,935
Net current assets
Total assets less current liabilities
49,935
43,476
49,935
Net assets
43,476
Capital and reserves
Called up share capital
100
100
Retained earnings
49,835
43,376
49,935
43,476
Shareholders' funds
For the year ended 31 March 2025 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 31 March 2025 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.
Gary B Taylor Director
These financial statements were approved and authorised for issue by the Board on 21 July 2025 and were signed by:
The notes form part of these financial statements
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3
For the year ended 31 March 2025
Merit Engineering Resources Limited
Notes to the Financial Statements
Statutory Information
Merit Engineering Resources Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07927633.
Registered address:
10a Witham Road
Skelmersdale
Lancashire
WN8 8HW
The presentation currency is £ sterling.
1. Accounting policies
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.
Property, plant and equipment
Property, plant and equipment, 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:
33% Straight line
Computer Equipment
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
2. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
At 01 April 2024
747
At 31 March 2025
747
Provision for depreciation and impairment
At 01 April 2024
652
Charge for year
95
At 31 March 2025
747
At 31 March 2025
Net book value
-
At 31 March 2024
95
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4
For the year ended 31 March 2025
Merit Engineering Resources Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2024
2025
£
£
Trade debtors
450
8,525
Prepayments and accrued income
45
45
Amounts owed by directors
8,001
-
Taxation and social security
-
4
8,574
8,496
4. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Taxation and social security
16,496
7,070
Accruals and deferred income
1,201
1,139
Directors' loan accounts
-
114
17,697
8,323
5. Average number of persons employed
During the year the average number of employees was 2 (2024 : 2)
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