Merit Accountants And Tax Advisors Ltd

Key Facts

Net Assets

Current: £35,891

Previous: £29,935

Change: +5,956 (+19.9%)

Comment: Healthy growth in net assets and liabilities.

Current Assets

Current: £37,854

Previous: £96,652

Change: -£58,798 (-60.8%)

Comment: Current assets dropped sharply, indicating reduced liquidity.

Cash

Current: £29,038

Previous: £95,762

Change: -£66,724 (-69.7%)

Comment: Cash dropped sharply, indicating a major decline in liquidity.

Creditors 1 Year

Current: £10,083

Previous: £66,717

Change: -£56,634 (-84.9%)

Comment: Short‑term creditors dropped sharply, improving the company's short‑term position.

Net Current Assets Liabilities

Current: £27,771

Previous: £29,935

Change: -£2,164 (-7.2%)

Comment: Net current assets decreased slightly.

Fixed Assets

Current: £838,615

Previous: Not reported

Comment: Not reported

Turnover

Current: Not reported

Previous: Not reported

Comment: Turnover not reported for either period, which is common for micro‑entity and small business.

Employees

Current: 5

Previous: 2

Change: +3 (+150%)

Comment: Growing the team by 3 people.