Mere Commercial Limited - Accounts

Mere Commercial Limited - Accounts

MERE COMMERCIAL LIMITED - Company Information

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Registered Number: 09396267
England and Wales

 

 

 

MERE COMMERCIAL LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

Mere Commercial Limited
Contents Page
For the year ended 31 March 2020
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2020 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Shaun Brown Accountants Ltd
31 March 2020



....................................................
Shaun Brown Accountants Ltd
14A Hartness Road
Gilwilly Industrial Estate
Penrith
Cumbria
CA11 9BD
30 March 2021
1
 
 		 Notes
 		 2020
£		   2019
£
Fixed assets      
Tangible fixed assets 2 727    970 
727    970 
Current assets      
Debtors 2,126    3,285 
Cash at bank and in hand 34,931    40,555 
37,057    43,840 
Creditors: amount falling due within one year (11,689)   (19,949)
Net current assets 25,368    23,891 
 
Total assets less current liabilities 26,095    24,861 
Provisions for liabilities (138)   (184)
Net assets 25,957    24,677 
 

Capital and reserves 		     
Called up share capital 3 100    100 
Profit and loss account 25,857    24,577 
Shareholders funds 25,957    24,677 
 


For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 30 March 2021 and were signed by:


--------------------------------
Duncan Young
Director
2
General Information
Mere Commercial Limited is a private company, limited by shares , registered in England and Wales , registration number 09396267 , registration address 14A Hartness Road, Gilwilly Industrial Estate, Penrith, Cumbria, CA11 9BD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 April 2019 1,540    1,526    3,066 
Additions -    -    - 
Disposals -    -    - 
At 31 March 2020 1,540    1,526    3,066 
Depreciation
At 01 April 2019 1,053    1,043    2,096 
Charge for year 122    121    243 
On disposals -    -    - 
At 31 March 2020 1,175    1,164    2,339 
Net book values
Closing balance as at 31 March 2020 365    362    727 
Opening balance as at 01 April 2019 487    483    970 


3.

Share Capital

Allotted, called up and fully paid
2020
£		   2019
£
100 shares of £1.00 each 100    100 
100    100 

4.

Average number of employees

Average number of employees during the year was 2 (2019 : 2)
3