REGISTERED NUMBER: 03099975 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

MERITUS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

Mrs D E R Riding

Mrs L M Ruthven

Mr D W Wilkinson

REGISTERED OFFICE:

Hambleton Pharmacy Kiln Lane

Hambleton

Poulton-Le-Fylde

Lancashire

FY6 9AH

REGISTERED NUMBER:

03099975 (England and Wales)

ACCOUNTANTS:

Miller Roskell Limited

Chartered Certified Accountants

17 Victoria Road East

Thornton Cleveleys

Lancashire

FY5 5HT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

214,002

226,268

214,002

226,268

CURRENT ASSETS

Stocks

83,967

84,368

Debtors

251,312

304,871

Cash at bank and in hand

258,704

265,206

593,983

654,445

CREDITORS

Amounts falling due within one year

279,728

360,309

NET CURRENT ASSETS

314,255

294,136

TOTAL ASSETS LESS CURRENT LIABILITIES

528,257

520,404

PROVISIONS FOR LIABILITIES

7,172

9,015

NET ASSETS

521,085

511,389

CAPITAL AND RESERVES

Called up share capital

120

120

Revaluation reserve

6

133,460

133,460

Retained earnings

387,505

377,809

SHAREHOLDERS' FUNDS

521,085

511,389

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

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 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 November 2025 and were signed on its behalf by:

Mrs D E R Riding - Director

1.	STATUTORY INFORMATION

Meritus 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 as modified by the revaluation of certain assets.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

83,000

AMORTISATION

At 1 April 2024

and 31 March 2025

83,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

Cost or valuation at 31 March 2025 is represented by:

Totals

£

Cost

83,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

477,788

DEPRECIATION

At 1 April 2024

251,520

Charge for year

12,266

At 31 March 2025

263,786

NET BOOK VALUE

At 31 March 2025

214,002

At 31 March 2024

226,268

Cost or valuation at 31 March 2025 is represented by:

Totals

£

Valuation in 2021

133,460

Cost

344,328

477,788

If Freehold property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

111,282

111,282

Aggregate depreciation

44,472

44,472

Value of land in freehold land and buildings

40,000

40,000

Freehold property was valued on an open market basis on 16 September 2020 by Pinders .

6.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

133,460

7.	RELATED PARTY DISCLOSURES

The directors operated a loan accounts with the company. The balance owed to the directors at 31 March 2025 was £Nil. (2024 - £-).

8.	ULTIMATE CONTROLLING PARTY

The company is owned by "Meritus DDL Limited" and is therefore controlled by the directors.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Meritus Limited for the year ended 31 March 2025 which comprise the Abridged Income Statement, Abridged 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Meritus Limited, 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 Meritus Limited and state those matters that we have agreed to state to the Board of Directors of Meritus Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Meritus Limited 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 profit of Meritus Limited. You consider that Meritus Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Meritus Limited. 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.

Miller Roskell Limited

Chartered Certified Accountants

17 Victoria Road East

Thornton Cleveleys

Lancashire

FY5 5HT

17 November 2025