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Company Registration No. 14292628 (England and Wales)
The Mermaid Sherborne Ltd Unaudited accounts for the year ended 31 August 2025
The Mermaid Sherborne Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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The Mermaid Sherborne Ltd Company Information for the year ended 31 August 2025
Directors
Jaime Howell
Company Number
14292628 (England and Wales)
Registered Office
The Mermaid Bristol Road Sherborne Dorset DT9 4JT United Kingdom
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The Mermaid Sherborne Ltd Statement of financial position as at 31 August 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
13,716 
14,249 
Current assets
Inventories
11,609 
12,577 
Debtors
5
6,055 
5,181 
Cash at bank and in hand
4,789 
5,008 
22,453 
22,766 
Creditors: amounts falling due within one year
6
(150,414)
(118,871)
Net current liabilities
(127,961)
(96,105)
Net liabilities
(114,245)
(81,856)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(114,247)
(81,858)
Shareholders' funds
(114,245)
(81,856)
For the year ending 31 August 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 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 of Directors and authorised for issue on 31 May 2026 and were signed on its behalf by
Jaime Howell Director Company Registration No. 14292628
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The Mermaid Sherborne Ltd Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
The Mermaid Sherborne Ltd is a private company, limited by shares, registered in England and Wales, registration number 14292628. The registered office is The Mermaid, Bristol Road, Sherborne, Dorset, DT9 4JT, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2024
10,690 
6,000 
2,395 
19,085 
Additions
968 
688 
- 
1,656 
At 31 August 2025
11,658 
6,688 
2,395 
20,741 
Depreciation
At 1 September 2024
2,912 
1,140 
784 
4,836 
Charge for the year
1,312 
555 
322 
2,189 
At 31 August 2025
4,224 
1,695 
1,106 
7,025 
Net book value
At 31 August 2025
7,434 
4,993 
1,289 
13,716 
At 31 August 2024
7,778 
4,860 
1,611 
14,249 
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The Mermaid Sherborne Ltd Notes to the Accounts for the year ended 31 August 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,055 
181 
Other debtors
5,000 
5,000 
6,055 
5,181 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
9,124 
7,763 
VAT
27,118 
18,254 
Trade creditors
1,165 
13,532 
Taxes and social security
13,179 
4,537 
Other creditors
67,293 
- 
Loans from directors
22,584 
67,896 
Accruals
9,951 
6,889 
150,414 
118,871 
7
Average number of employees
During the year the average number of employees was 6 (2024: 8).
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