Merkko Group Limited - Period Ending 2021-09-30
Merkko Group Limited - Period Ending 2021-09-30
Registration number:
Merkko Group Limited
for the Year Ended 30 September 2021
1st Floor Offices
2 Whitebridge Lane
Stone
Staffordshire
ST15 8LQ
Merkko Group Limited
Contents
Company Information |
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
Merkko Group Limited
Company Information
Directors |
Ian Duckitt C4C Ownership Partners Limited |
Registered office |
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Accountants |
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Page 1 |
Merkko Group Limited
(Registration number: 9790890)
Abridged Balance Sheet as at 30 September 2021
Note |
2021 |
2020 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
186 |
186 |
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Share premium reserve |
149,981 |
149,981 |
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Capital redemption reserve |
200,000 |
200,000 |
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Profit and loss account |
141 |
(111,153) |
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Total equity |
350,308 |
239,014 |
For the financial year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
.........................................
Ian Duckitt
Director
Page 2 |
Merkko Group Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2021
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
The principal place of business is:
Unit S12-S12a
Kingston Business Park
Kingston Bagpuize
Abingdon
Oxfordshire
OX13 5AS
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Page 3 |
Merkko Group Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2021
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investments |
Page 4 |
Merkko Group Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2021
Total |
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Cost or valuation |
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At 1 October 2020 |
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Provision |
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Carrying amount |
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At 30 September 2021 |
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At 30 September 2020 |
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2021 |
2020 |
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2021 |
2020 |
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Subsidiary undertakings |
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Unit S12 - S12A
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Unit S12 - S12A
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Unit S12 - S12A
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Page 5 |
Merkko Group Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2021
Subsidiary undertakings |
Merkko Builders Merchants (Oxford) Limited The principal activity of Merkko Builders Merchants (Oxford) Limited is |
Merkko Builders Merchants (Reading) Limited The principal activity of Merkko Builders Merchants (Reading) Limited is |
Merkko LED Lighting Limited The principal activity of Merkko LED Lighting Limited is |
Share capital |
Allotted, called up and fully paid shares
2021 |
2020 |
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No. |
£ |
No. |
£ |
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185.60 |
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185.60 |
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- |
- |
- |
- |
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Dividends |
2021 |
2020 |
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£ |
£ |
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Page 6 |