1 April 2024 false No description of principal activity Taxfiler 2024.6 13255375 business:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13255375 2024-03-31 13255375 2024-04-01 2025-03-31 13255375 business:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13255375 business:FilletedAccounts 2024-04-01 2025-03-31 13255375 2025-03-31 13255375 2024-03-31 13255375 core:WithinOneYear 2025-03-31 13255375 core:WithinOneYear 2024-03-31 13255375 core:AfterOneYear 2025-03-31 13255375 core:AfterOneYear 2024-03-31 13255375 core:ShareCapital core:PreviouslyStatedAmount 2025-03-31 13255375 core:ShareCapital core:PreviouslyStatedAmount 2024-03-31 13255375 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-03-31 13255375 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-03-31 13255375 core:PreviouslyStatedAmount 2025-03-31 13255375 core:PreviouslyStatedAmount 2024-03-31 13255375 business:SmallEntities 2024-04-01 2025-03-31 13255375 business:Director1 2024-04-01 2025-03-31 13255375 countries:EnglandWales 2024-04-01 2025-03-31 13255375 business:RegisteredOffice 2024-04-01 2025-03-31 13255375 core:FurnitureFittings 2024-03-31 13255375 core:FurnitureFittings 2025-03-31 13255375 core:FurnitureFittings 2024-04-01 2025-03-31 13255375 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 13255375 (England and Wales)
Merit Asian Market Ltd Unaudited accounts for the year ended 31 March 2025
Merit Asian Market Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
18,644
22,736
Current assets
Debtors
5
2,483
4,491
Cash at bank and in hand
784
1,033
3,267
5,524
Creditors: amounts falling due within one year
6
(85,395)
(71,814)
Net current liabilities
(82,128)
(66,290)
Total assets less current liabilities
(63,484)
(43,554)
Creditors: amounts falling due after more than one year
7
(12,380)
(5,025)
Net liabilities
(75,864)
(48,579)
Capital and reserves
Called up share capital
1
1
Profit and loss account
(75,865)
(48,580)
Shareholders' funds
(75,864)
(48,579)
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 October 2025 and were signed on its behalf by
Tuo Feng Director Company Registration No. 13255375
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Merit Asian Market Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Merit Asian Market Ltd is a private company, limited by shares, registered in England and Wales, registration number 13255375. The registered office is 67 QUAYSIDE DRIVE, COLCHESTER, ESSEX, CO2 8GE, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 April 2024
37,092
At 31 March 2025
37,092
Depreciation
At 1 April 2024
14,356
Charge for the year
4,092
At 31 March 2025
18,448
Net book value
At 31 March 2025
18,644
At 31 March 2024
22,736
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
386
443
Trade debtors
2,097
2,267
Accrued income and prepayments
-
1,781
2,483
4,491
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Merit Asian Market Ltd Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
14,692
2,265
Loans from directors
70,703
69,549
85,395
71,814
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
12,380
5,025
8
Average number of employees
During the year the average number of employees was 0 (2024: 4).
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