Acorah Software Products - Accounts Production 16.6.950 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 03045576 Mr Z Ozel Mrs K J Ozel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03045576 2024-03-31 03045576 2025-03-31 03045576 2024-04-01 2025-03-31 03045576 frs-core:CurrentFinancialInstruments 2025-03-31 03045576 frs-core:FurnitureFittings 2025-03-31 03045576 frs-core:FurnitureFittings 2024-04-01 2025-03-31 03045576 frs-core:FurnitureFittings 2024-03-31 03045576 frs-core:ShareCapital 2025-03-31 03045576 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 03045576 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03045576 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 03045576 frs-bus:SmallEntities 2024-04-01 2025-03-31 03045576 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03045576 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03045576 frs-bus:Director1 2024-04-01 2025-03-31 03045576 frs-bus:Director2 2024-04-01 2025-03-31 03045576 frs-countries:EnglandWales 2024-04-01 2025-03-31 03045576 2023-03-31 03045576 2024-03-31 03045576 2023-04-01 2024-03-31 03045576 frs-core:CurrentFinancialInstruments 2024-03-31 03045576 frs-core:ShareCapital 2024-03-31 03045576 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 03045576
Merlot Tekstil Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03045576
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 107 142
107 142
CURRENT ASSETS
Stocks 5 5,000 13,069
Debtors 6 511,301 75,288
Cash at bank and in hand 189,080 660,038
705,381 748,395
Creditors: Amounts Falling Due Within One Year 7 (240,659 ) (262,314 )
NET CURRENT ASSETS (LIABILITIES) 464,722 486,081
TOTAL ASSETS LESS CURRENT LIABILITIES 464,829 486,223
PROVISIONS FOR LIABILITIES
Deferred Taxation - (8 )
NET ASSETS 464,829 486,215
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 464,729 486,115
SHAREHOLDERS' FUNDS 464,829 486,215
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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 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 Z Ozel
Director
26 September 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Merlot Tekstil Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03045576 . The registered office is 7 Prestwick Close, Tytherington, Macclesfield, Cheshire, SK10 2TH.
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. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information in making their assessment. In particular, in response to the COVID-19 pandemic, the directors have taken into account the effects on the company and have reviewed a period of exceeding 12 months from the date of approval of these financial statements, the directors have a reasonable expectation that it has adequate resources to continue operational existence and for this reason will continue to adopt the going concern basis in the preparation of its financial statements
2.3. 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.
2.4. 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:
Fixtures & Fittings 20% on a reducing balance basis
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
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. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2025 2024
Office and administration 2 2
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2024 42,754
As at 31 March 2025 42,754
Depreciation
As at 1 April 2024 42,612
Provided during the period 35
As at 31 March 2025 42,647
...CONTINUED
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Net Book Value
As at 31 March 2025 107
As at 1 April 2024 142
5. Stocks
2025 2024
£ £
Returns Stock 5,000 13,069
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 505,828 75,288
VAT 5,473 -
511,301 75,288
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,584 3,576
Corporation tax - 1,726
VAT - 9,937
Weltex (UK) 236,964 246,964
Directors' loan accounts 111 111
240,659 262,314
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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