Merit Electricals Limited

Merit Electricals Limited

MERIT ELECTRICALS LIMITED - Company Information

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1 January 2021 false No description of principal activity Taxfiler 2022.6 06769426business:PrivateLimitedCompanyLtd2021-01-012021-12-31 067694262020-12-31 067694262021-01-012021-12-31 06769426business:AuditExempt-NoAccountantsReport2021-01-012021-12-31 06769426business:FullAccounts2021-01-012021-12-31 067694262021-12-31 06769426business:Director12021-01-012021-12-31 06769426business:RegisteredOffice2021-01-012021-12-31 067694262020-12-31 06769426core:WithinOneYear2021-12-31 06769426core:WithinOneYear2020-12-31 06769426core:ShareCapital2021-12-31 06769426core:ShareCapital2020-12-31 06769426core:RetainedEarningsAccumulatedLosses2021-12-31 06769426core:RetainedEarningsAccumulatedLosses2020-12-31 06769426business:SmallEntities2021-01-012021-12-31 06769426countries:EnglandWales2021-01-012021-12-31 06769426core:PlantMachinery2021-01-012021-12-31 06769426core:ComputerEquipment2021-01-012021-12-31 06769426core:PlantMachinery2020-12-31 06769426core:ComputerEquipment2020-12-31 06769426core:PlantMachinery2021-12-31 06769426core:ComputerEquipment2021-12-31 06769426business:OrdinaryShareClass12021-01-012021-12-31 06769426business:OrdinaryShareClass12020-01-012020-12-31 067694262020-01-012020-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 06769426 (England and Wales)
Merit Electricals Limited Unaudited accounts for the year ended 31 December 2021
Merit Electricals Limited Unaudited accounts Contents
Page
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Merit Electricals Limited Company Information for the year ended 31 December 2021
Director
Gbenga Olatunji AYENI
Company Number
06769426 (England and Wales)
Registered Office
FLAT 8 ARNOLD HOUSE DODDINGTON GROVE LONDON SE17 3SU
Accountants
Fanla & Co Unit 10 Warwick House Overton Road London SW9 7JP
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Merit Electricals Limited Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
20 
20 
Current assets
Cash at bank and in hand
122 
1,500 
Creditors: amounts falling due within one year
5
98 
(1,185)
Net current assets
220 
315 
Net assets
240 
335 
Capital and reserves
Called up share capital
6
1 
1 
Profit and loss account
239 
334 
Shareholders' funds
240 
335 
For the year ending 31 December 2021 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 24 June 2022 and were signed on its behalf by
Gbenga Olatunji AYENI Director Company Registration No. 06769426
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Merit Electricals Limited Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Merit Electricals Limited is a private company, limited by shares, registered in England and Wales, registration number 06769426. The registered office is FLAT 8 ARNOLD HOUSE, DODDINGTON GROVE, LONDON, SE17 3SU.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Computer equipment
25%
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2021
380 
570 
950 
At 31 December 2021
380 
570 
950 
Depreciation
At 1 January 2021
370 
560 
930 
At 31 December 2021
370 
560 
930 
Net book value
At 31 December 2021
10 
10 
20 
At 31 December 2020
10 
10 
20 
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Merit Electricals Limited Notes to the Accounts for the year ended 31 December 2021
5
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Taxes and social security
- 
349 
Loans from directors
(2,224)
(1,027)
Accruals
2,126 
1,863 
(98)
1,185 
6
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Average number of employees
During the year the average number of employees was 1 (2020: 1).
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