Merit Group Holdings Limited in Rochester, ME2 4WS

Description

Data updated on: 01-11-2023

Merit Group Holdings came into being in 2015 as a company enlisted under no 09579112, located at ME2 4WS Rochester at Merit House, Units 1-4 Whitewall Road. The firm has been in business for nine years and its current status is active. The company's SIC and NACE codes are 74990 meaning Non-trading company. Merit Group Holdings Ltd reported its latest accounts for the financial period up to 2022/08/31. The business latest confirmation statement was submitted on 2023/04/12.

The limited company owes its accomplishments and permanent growth to exactly three directors, namely Jamie A., Richard A. and Roy A., who have been presiding over the company for nine years. Moreover, the managing director's assignments are often helped with by a secretary - Steven W., who was selected by the following limited company in May 2015.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2015-08-31	2017-08-31	2018-08-31	2019-08-31	2020-08-31
Currency
Net Worth	980

Balance Sheet
Cash Bank On Hand		64	24	64	2 773
Current Assets	1 788	7 409	167 291	183 300	271 698
Debtors		7 345	167 267	183 236	268 925
Net Assets Liabilities		5 797	135 439	128 239	202 922
Other Debtors		358	167 267	167 267	171 244
Total Inventories				192 272	729 931

Capital & Reserves
Called Up Share Capital	1 430
Profit Loss Account Reserve	-450
Shareholder Funds	980

Other Financial Data
Accrued Liabilities Deferred Income				1 008	1 200
Accumulated Amortisation Impairment Intangible Assets				12 962	19 424
Accumulated Depreciation Impairment Property Plant Equipment				132 181	992 348
Additional Provisions Increase From New Provisions Recognised					30 421
Additions Other Than Through Business Combinations Property Plant Equipment					484 473
Administration Support Average Number Employees				23	26
Administrative Expenses				2 912 595	3 307 611
Amortisation Expense Intangible Assets				6 463	6 462
Amortisation Government Grants					-272 575
Amortisation Rate Used For Intangible Assets					10
Amounts Owed By Group Undertakings				15 969	70 469
Amounts Owed By Group Undertakings Participating Interests		6 987		15 969
Amounts Owed To Directors				15 705	10 005
Amounts Owed To Group Undertakings				39 581	34 377
Amounts Owed To Group Undertakings Participating Interests			75	39 581
Applicable Tax Rate				19	19
Average Number Employees During Period				74	88
Balances Amounts Owed By Related Parties		6 987	166 909	15 969	70 469
Balances Amounts Owed To Related Parties				39 581	34 377
Bank Borrowings Overdrafts				2 292 680	1 984 333
Bank Overdrafts				2 222 254	1 877 946
Cash Cash Equivalents				-1 989 821	-1 493 994
Cash Cash Equivalents Cash Flow Value				-1 989 821	-1 493 994
Comprehensive Income Expense				259 350	505 906
Corporation Tax Payable			31 518	262 936	344
Cost Sales				9 066 056	12 862 468
Creditors		2 472	32 667	56 294	70 060
Current Tax For Period				262 936	271 086
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences				45 990	30 421
Deferred Tax Liabilities				175 134	205 555
Depreciation Expense Property Plant Equipment				236 633	326 897
Depreciation Rate Used For Property Plant Equipment					20
Disposals Decrease In Depreciation Impairment Property Plant Equipment					61 925
Disposals Property Plant Equipment					113 998
Distribution Average Number Employees				39	45
Dividends Paid				266 550	431 223
Dividends Paid Classified As Financing Activities				751 170	1 000 269
Dividends Paid On Shares				751 170	1 000 269
Finance Lease Liabilities Present Value Total				572 728	565 772
Finance Lease Payments Owing Minimum Gross				572 728	565 772
Fixed Assets		860	815	1 233	1 418 588
Future Minimum Lease Payments Under Non-cancellable Operating Leases				147 736	1 295 187
Gain Loss In Cash Flows From Change In Accrued Items				-414 597	-188 166
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables				-360 837	778 937
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables				-1 731 684	-795 085
Gain Loss In Cash Flows From Change In Inventories				-192 272	-537 659
Gain Loss On Disposals Property Plant Equipment				-16 536	-10 092
Gain Loss On Non-financing Activities Due To Foreign Exchange Differences Recognised In Profit Or Loss				54	5 775
Government Grant Income					18 164
Gross Profit Loss				4 462 431	-11 208
Income Expense Recognised Directly In Equity				-266 550	-431 223
Income From Related Parties				39 581	250 000
Income Taxes Paid Refund Classified As Operating Activities				136 447	247 486
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation				-2 028 071	495 827
Increase Decrease In Current Tax From Adjustment For Prior Periods				9 120	-12 788
Increase Decrease In Net Debt From Cash Flows					1 493 788
Increase From Amortisation Charge For Year Intangible Assets					6 462
Increase From Depreciation Charge For Year Property Plant Equipment					326 897
Intangible Assets				51 663	45 201
Intangible Assets Gross Cost					64 625
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings				4 875	5 261
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts				34 213	52 327
Interest Income On Bank Deposits					18
Interest Paid Classified As Operating Activities				41 881	58 446
Interest Payable Similar Charges Finance Costs				41 881	58 446
Interest Received Classified As Operating Activities					1 338
Investments		860	815	1 233	1 284
Investments Fixed Assets	830	860	815	1 233	1 284
Investments In Group Undertakings				1 233	1 284
Investments In Group Undertakings Participating Interests		860	815	1 233
Issue Equity Instruments					9
Net Cash Flows From Used In Financing Activities				-359 682	1 261 930
Net Cash Flows From Used In Investing Activities				-600 139	-442 492
Net Cash Flows From Used In Operating Activities				-1 068 250	-323 611
Net Cash Generated From Operations				-889 922	-19 017
Net Current Assets Liabilities	150	4 937	134 624	127 006	201 638
Net Debt Funds				2 995 583	4 489 371
Net Deferred Tax Liability Asset				175 134	205 555
Number Shares Issued Fully Paid				1 430	1 430
Operating Profit Loss				-1 066	3 807
Other Creditors		2 280	1 074	16 713	2 868
Other Distributions To Owners Decrease Increase In Equity				180 071	174 874
Other Finance Costs				2 793	858
Other Finance Income					1 320
Other Interest Receivable Similar Income Finance Income					1 338
Other Operating Income Format1					272 575
Other Taxation Social Security Payable				314 907	18 026
Par Value Share	1				1
Payments Finance Lease Liabilities Classified As Financing Activities				-277 981	44 456
Payments Received On Account				5 000
Payments To Related Parties				15 969	5 204
Pension Costs Defined Contribution Plan				24 388	36 181
Pension Other Post-employment Benefit Costs Other Pension Costs				24 388	36 181
Prepayments Accrued Income				521 542	1 055 264
Proceeds From Borrowings Classified As Financing Activities				113 507	2 034 071
Proceeds From Government Grants Classified As Financing Activities					272 575
Proceeds From Issuing Shares					9
Proceeds From Sales Property Plant Equipment				7 249	41 981
Production Average Number Employees					3
Profit Loss				259 350	505 906
Profit Loss Attributable To Non-controlling Interests				-213 237	176 708
Profit Loss Attributable To Owners Parent				976 672	482 961
Profit Loss On Ordinary Activities Before Tax				1 507 955	594 972
Property Plant Equipment Gross Cost				1 995 260	2 365 735
Provisions				175 134	205 555
Provisions For Liabilities Balance Sheet Subtotal				175 134	205 555
Purchase Property Plant Equipment				607 388	484 473
Raw Materials				192 272	728 850
Revenue From Rendering Services				11 057 445	11 526 667
Revenue From Sale Goods				2 471 042	5 022 917
Social Security Costs				151 510	188 611
Staff Costs Employee Benefits Expense				2 649 037	4 160 126
Tax Decrease From Utilisation Tax Losses				142	15 618
Tax Decrease Increase From Effect Revenue Exempt From Taxation				49 499	95 464
Tax Expense Credit Applicable Tax Rate				336 014	208 505
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit					23 988
Tax Increase Decrease From Effect Capital Allowances Depreciation				5 529	-29 550
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss				9 711	11 112
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward				7 314	185 745
Tax Tax Credit On Profit Or Loss On Ordinary Activities				318 046	288 719
Total Assets Less Current Liabilities		5 797	135 439	128 239	202 922
Total Current Tax Expense Credit				272 056	258 298
Total Operating Lease Payments				98 025	98 560
Trade Creditors Trade Payables		192		1 260 067	3 240
Trade Debtors Trade Receivables				3 747 368	27 212
Turnover Revenue				13 528 487	16 549 584
Wages Salaries				2 473 139	3 935 334
Work In Progress					1 081
Creditors Due Within One Year	1 638
Advances Credits Directors		1 368	114	15 705	13 224
Advances Credits Made In Period Directors		27 462	14 154	15 591	4 270
Advances Credits Repaid In Period Directors		24 000	12 900
Company Contributions To Money Purchase Plans Directors					800
Director Remuneration				81 104	79 213
Director Remuneration Benefits Excluding Payments To Third Parties				147 587	243 018
Net Assets Liability Excluding Pension Asset Liability	980
Number Shares Allotted	1 430
Share Capital Allotted Called Up Paid	1 430

Company staff

Jamie A.

Role: Director

Appointed: 07 May 2015

Latest update: 16 February 2024

Richard A.

Role: Director

Appointed: 07 May 2015

Latest update: 16 February 2024

Roy A.

Role: Director

Appointed: 07 May 2015

Latest update: 16 February 2024

Steven W.

Role: Secretary

Appointed: 07 May 2015

Latest update: 16 February 2024

People with significant control

Executives with significant control over this firm are: Jamie A. owns 1/2 or less of company shares and has 1/2 or less of voting rights. Richard A. owns 1/2 or less of company shares and has 1/2 or less of voting rights. Roy A. owns 1/2 or less of company shares and has 1/2 or less of voting rights.

Jamie A.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Richard A.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Roy A.

Notified on 6 April 2016

Nature of control:

1/2 or less of voting rights

1/2 or less of shares

Accounts Documents

Account next due date	31 May 2024
Account last made up date	31 August 2022
Confirmation statement next due date	26 April 2024
Confirmation statement last made up date	12 April 2023

Annual Accounts
Start Date For Period Covered By Report	2015-01-01
End Date For Period Covered By Report	2015-08-31
Annual Accounts
Start Date For Period Covered By Report	2017-09-01
End Date For Period Covered By Report	31/08/2018
Annual Accounts
Start Date For Period Covered By Report	2018-09-01
End Date For Period Covered By Report	31/08/2019
Annual Accounts
Start Date For Period Covered By Report	2019-09-01
End Date For Period Covered By Report	31 August 2020

Merit Group Holdings Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Jamie A.

Richard A.

Roy A.

Steven W.

People with significant control

Jamie A.

Richard A.

Roy A.

Accounts Documents

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