Company Registration No. 12883485 (England and Wales)
Merit Accounting Limited
Unaudited accounts
for the year ended 30 September 2026
Merit Accounting Limited
Unaudited accounts
Contents
Merit Accounting Limited
Statement of financial position
as at 30 September 2026
Intangible assets
83,000
86,150
Tangible assets
41,020
12,332
Cash at bank and in hand
35,805
50,453
Creditors: amounts falling due within one year
(6,372)
(6,302)
Net current assets
33,798
58,955
Net assets
157,818
157,437
Called up share capital
90,000
90,000
Profit and loss account
67,818
67,437
Shareholders' funds
157,818
157,437
For the year ending 30 September 2026 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 1 October 2026 and were signed on its behalf by
Mr M A Meredith
Director
Company Registration No. 12883485
Merit Accounting Limited
Notes to the Accounts
for the year ended 30 September 2026
Merit Accounting Limited is a private company, limited by shares, registered in England and Wales, registration number 12883485. The registered office is Unit 18, Pebble Close, Tamworth, B77 4RD, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Merit Accounting Limited
Notes to the Accounts
for the year ended 30 September 2026
4
Intangible fixed assets
Goodwill
At 30 September 2026
102,000
At 30 September 2026
19,000
At 30 September 2026
83,000
At 30 September 2025
86,150
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2025
8,877
-
4,574
10,480
23,931
Additions
3,200
30,026
-
1,399
34,625
Disposals
(4,135)
-
(2,223)
(5,241)
(11,599)
At 30 September 2026
7,942
30,026
2,351
6,638
46,957
At 1 October 2025
4,135
-
2,223
5,241
11,599
Charge for the year
1,142
3,006
451
1,338
5,937
On disposals
(4,135)
-
(2,223)
(5,241)
(11,599)
At 30 September 2026
1,142
3,006
451
1,338
5,937
At 30 September 2026
6,800
27,020
1,900
5,300
41,020
At 30 September 2025
4,742
-
2,351
5,239
12,332
Amounts falling due within one year
Trade debtors
4,365
14,804
7
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
6,068
5,974
Loans from directors
304
328
Merit Accounting Limited
Notes to the Accounts
for the year ended 30 September 2026
Allotted, called up and fully paid:
90,000 Ordinary shares of £1 each
90,000
90,000
9
Average number of employees
During the year the average number of employees was 2 (2025: 2).