Company Registration No. 06769426 (England and Wales)
Merit Electricals Limited
Unaudited accounts
for the year ended 31 December 2017
Merit Electricals Limited
Unaudited accounts
Contents
Merit Electricals Limited
Company Information
for the year ended 31 December 2017
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
Merit Electricals Limited
Statement of financial position
as at 31 December 2017
Cash at bank and in hand
1,295
228
Creditors: amounts falling due within one year
(826)
(425)
Net current assets/(liabilities)
469
(197)
Called up share capital
1
1
Profit and loss account
905
382
Shareholders' funds
906
383
For the year ending 31 December 2017 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.
Approved by the Board on 29 September 2018.
Gbenga Olatunji AYENI
Director
Company Registration No. 06769426
Merit Electricals Limited
Notes to the Accounts
for the year ended 31 December 2017
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2017
380
570
950
At 31 December 2017
380
570
950
At 1 January 2017
370
-
370
Charge for the year
-
143
143
At 31 December 2017
370
143
513
At 31 December 2017
10
427
437
At 31 December 2016
10
570
580
Merit Electricals Limited
Notes to the Accounts
for the year ended 31 December 2017
5
Creditors: amounts falling due within one year
2017
2016
Taxes and social security
159
75
Loans from directors
(183)
-
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 0 (2016: 0).
