Mere (UK) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 07270271 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2023

for

Mere (UK) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T Moran

Mr P Foster

SECRETARY:

REGISTERED OFFICE:

Peter Street Centre

Peter Street

ST HELENS

Merseyside

WA10 2EQ

REGISTERED NUMBER:

07270271 (England and Wales)

ACCOUNTANTS:

GR Taylor & Co Accountants

54-56 Ormskirk Street

ST HELENS

Merseyside

WA10 2TF

FIXED ASSETS

Tangible assets

4

108,958

43,629

CURRENT ASSETS

Debtors

158,365

135,305

Cash at bank and in hand

74,483

104,817

232,848

240,122

CREDITORS

Amounts falling due within one year

51,178

83,680

NET CURRENT ASSETS

181,670

156,442

TOTAL ASSETS LESS CURRENT LIABILITIES

290,628

200,071

CREDITORS

Amounts falling due after more than one year

165,350

79,592

NET ASSETS

125,278

120,479

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

125,276

120,477

SHAREHOLDERS' FUNDS

125,278

120,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by:

Mr T Moran - Director

Mr P Foster - Director

1.	STATUTORY INFORMATION

Mere (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Office equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2022

104,417

Additions

106,463

Disposals

(13,923

)

At 31 May 2023

196,957

DEPRECIATION

At 1 June 2022

60,788

Charge for year

36,728

Eliminated on disposal

(9,517

)

At 31 May 2023

87,999

NET BOOK VALUE

At 31 May 2023

108,958

At 31 May 2022

43,629