Merripet Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08004977

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		156,216		-
Investments	5		268,837		271,851

			425,053		271,851
CURRENT ASSETS
Debtors	6	481,421		424,347
Cash at bank and in hand		177,926		292,633

		659,347		716,980
Creditors: Amounts Falling Due Within One Year	7	(448,212 )		(629,660 )

NET CURRENT ASSETS (LIABILITIES)			211,135		87,320

TOTAL ASSETS LESS CURRENT LIABILITIES			636,188		359,171

Creditors: Amounts Falling Due After More Than One Year	8		(105,153 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation			(17,015 )		-

NET ASSETS			514,020		359,171

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			514,018		359,169

SHAREHOLDERS' FUNDS			514,020		359,171

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Merripet Ltd

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 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 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr S A Merrick

Director

18 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Merripet Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08004977 . The registered office is 550 Valley Road, Basford, Nottingham, NG5 1JJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	20% Reducing Balance
Fixtures & Fittings	20% Reducing Balance
Computer Equipment	33% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Merripet Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 August 2024	-	1,425	6,271	7,696
Additions	189,610	-	-	189,610

As at 31 July 2025	189,610	1,425	6,271	197,306

Depreciation
As at 1 August 2024	-	1,425	6,271	7,696
Provided during the period	33,394	-	-	33,394

As at 31 July 2025	33,394	1,425	6,271	41,090

Net Book Value
As at 31 July 2025	156,216	-	-	156,216

As at 1 August 2024	-	-	-	-

5. Investments

	Listed
	£
Cost or Valuation
As at 1 August 2024	271,851
Additions	45,001
Disposals	(48,015 )

As at 31 July 2025	268,837

Provision
As at 1 August 2024	-

As at 31 July 2025	-

Net Book Value
As at 31 July 2025	268,837

As at 1 August 2024	271,851

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Merripet Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	437,479	417,383
VAT	9,880	6,819
Other taxes and social security	-	145
Directors' loan accounts	34,062	-

	481,421	424,347

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	7,312	-
Corporation tax	71,414	74,360
Other taxes and social security	381	-
Accruals and deferred income	369,105	554,807
Directors' loan accounts	-	493

	448,212	629,660

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	105,153	-

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	7,312	-
Later than one year and not later than five years	105,153	-

	112,465	-

	112,465	-

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

11. Related Party Transactions

At the balance sheet date the directors owed the company £34,062 (2024: £493 owed by the company to the directors). The directors have fully repaid the balance within 9 months of the balance sheet date. The amount is unsecured.

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