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REGISTERED NUMBER: 04581741 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

MERLIN INTERNATIONAL TRADING LIMITED

MERLIN INTERNATIONAL TRADING LIMITED (REGISTERED NUMBER: 04581741)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MERLIN INTERNATIONAL TRADING LIMITED

Company Information
for the year ended 31 March 2023







DIRECTORS: Mrs T J Milner
J M Milner





SECRETARY: Mrs T J Milner





REGISTERED OFFICE: South Grange
Pocklington Lane
Huggate
York
YO42 1YS





REGISTERED NUMBER: 04581741 (England and Wales)





ACCOUNTANTS: Morrell Middleton
Wellington House
Aviator Court
Clifton Moor
York
North Yorkshire
YO30 4UZ

MERLIN INTERNATIONAL TRADING LIMITED (REGISTERED NUMBER: 04581741)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 546,982 564,715

CURRENT ASSETS
Stocks 36,000 58,983
Debtors 5 144,056 86,301
Cash at bank and in hand 54,028 66,693
234,084 211,977
CREDITORS
Amounts falling due within one year 6 297,213 181,449
NET CURRENT (LIABILITIES)/ASSETS (63,129 ) 30,528
TOTAL ASSETS LESS CURRENT
LIABILITIES

483,853

595,243

CREDITORS
Amounts falling due after more than one
year

7

(241,768

)

(319,211

)

PROVISIONS FOR LIABILITIES 9 (8,774 ) (11,640 )
NET ASSETS 233,311 264,392

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 233,309 264,390
SHAREHOLDERS' FUNDS 233,311 264,392

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

MERLIN INTERNATIONAL TRADING LIMITED (REGISTERED NUMBER: 04581741)

Balance Sheet - continued
31 March 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2023 and were signed on its behalf by:





Mrs T J Milner - Director


MERLIN INTERNATIONAL TRADING LIMITED (REGISTERED NUMBER: 04581741)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Merlin International Trading 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.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

MERLIN INTERNATIONAL TRADING LIMITED (REGISTERED NUMBER: 04581741)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 605,322 319,242 36,762 82,238 1,043,564
Additions - 5,429 13,060 3,933 22,422
Disposals - - - (64,753 ) (64,753 )
At 31 March 2023 605,322 324,671 49,822 21,418 1,001,233
DEPRECIATION
At 1 April 2022 114,099 269,261 34,472 61,017 478,849
Charge for year 12,175 9,002 981 6,472 28,630
Eliminated on disposal - - - (53,228 ) (53,228 )
At 31 March 2023 126,274 278,263 35,453 14,261 454,251
NET BOOK VALUE
At 31 March 2023 479,048 46,408 14,369 7,157 546,982
At 31 March 2022 491,223 49,981 2,290 21,221 564,715

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 88,303 75,716
Other debtors 55,753 10,585
144,056 86,301

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 68,671 63,703
Hire purchase contracts 6,441 9,579
Trade creditors 89,502 59,208
Taxation and social security 64,460 30,887
Other creditors 68,139 18,072
297,213 181,449

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 234,706 305,709
Hire purchase contracts 7,062 13,502
241,768 319,211

MERLIN INTERNATIONAL TRADING LIMITED (REGISTERED NUMBER: 04581741)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,000 31,667

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loan 130,000 150,000

A bank loan is secured by fixed and floating charges on the Company’s assets.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 8,774 11,640

Deferred
tax
£   
Balance at 1 April 2022 11,640
Provided during year (2,866 )
Increase/decrease in provision
Balance at 31 March 2023 8,774

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors is a balance of £10,362 (2022 - £10,362), owed to the company's parent undertaking Milner Holdings Limited.