MERCAT FINANCE (AYRSHIRE) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
Company registration number SC417747 (Scotland)
PAGES FOR FILING WITH REGISTRAR
MERCAT FINANCE (AYRSHIRE) LTD
BALANCE SHEET
AS AT
31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
290,000
130,000
Current assets
297,114
451,061
Prepayments and accrued income
2,958
2,676
Creditors: amounts falling due within one year
(194,681)
(197,036)
Net current assets
105,391
256,701
Total assets less current liabilities
395,391
386,701
Net assets
395,391
386,701
Capital and reserves
395,391
386,701
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
1
1
2
Related party transactions
Included within 'Other debtors' at 31 January 2023 is an interest free loan of £7,200 (2022 - £7,200) owed by a connected company by virtue of common directorship. There is no set repayment date for this loan.
Included within 'Other creditors' at 31 January 2023 are amounts owed to the company directors of £188,251 (2022 - £188,041). This loan is interest free and there are no fixed terms for repayment.
Mercat Finance (Ayrshire) Ltd is a private company limited by shares incorporated in Scotland. The registered office is 45 Barrhill Road, Cumnock, Ayrshire, KA18 1PW.
For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
MERCAT FINANCE (AYRSHIRE) LTD
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2023
31 January 2023
- 2 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 19 April 2023 and are signed on its behalf by:
Mr James Thomson
Director
Company registration number SC417747 (Scotland)