Registered number: 04692887 | ||||||||
FOR THE YEAR ENDED 31 MARCH 2023 | ||||||||
Prepared By: | ||||||||
Brieley Grimsdell Falconer Ltd | ||||||||
Chartered Tax Advisers and Accountants | ||||||||
The Surgery | ||||||||
14 Regent Street | ||||||||
Kimberley | ||||||||
Nottinghamshire | ||||||||
NG16 2LW |
Merkam Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
Mr C Meredith | ||||||||
REGISTERED OFFICE | ||||||||
Nottinghamshire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 04692887 | ||||||||
BANKERS | ||||||||
Natwest plc, 51 Market Place, Long Eaton, Nottingham | ||||||||
ACCOUNTANTS | ||||||||
Brieley Grimsdell Falconer Ltd | ||||||||
Chartered Tax Advisers and Accountants | ||||||||
The Surgery | ||||||||
14 Regent Street | ||||||||
Kimberley | ||||||||
Nottinghamshire | ||||||||
NG16 2LW |
Merkam Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 MARCH 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Merkam Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 3 | |||||||||
Cash at bank and in hand | ||||||||||
1,669,526 | 2,011,373 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | |||||||||
NET CURRENT ASSETS | 980,316 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 5 | 176,861 | 177,784 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 1,174,490 | 1,259,375 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Merkam Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 MARCH 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Commercial Vehicles | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 15% | |||||||
Equipment | reducing balance 20% |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
2. TANGIBLE FIXED ASSETS | ||||||||
Commercial | Fixtures | |||||||
Vehicles | and Fittings | Equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 April 2022 | 300,494 | 46,015 | 890,665 | 1,237,174 | ||||
Additions | 112,536 | 5,187 | 76,500 | 194,223 | ||||
Disposals | (19,533) | - | (28,500) | (48,033) | ||||
At 31 March 2023 | 393,497 | 51,202 | 938,665 | 1,383,364 | ||||
Depreciation | ||||||||
At 1 April 2022 | 140,648 | 26,713 | 498,734 | 666,095 | ||||
Disposals | (14,394) | - | (13,355) | (27,749) | ||||
For the year | 46,306 | 3,174 | 80,045 | 129,525 | ||||
At 31 March 2023 | 172,560 | 29,887 | 565,424 | 767,871 | ||||
Net Book Amounts | ||||||||
At 31 March 2023 | 615,493 | |||||||
At 31 March 2022 | 571,079 | |||||||
Merkam Limited | ||||||||
3. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 266,884 | 868,367 | ||||||
Other debtors | 4,108 | 5,091 | ||||||
VAT | 124,505 | 190,622 | ||||||
395,497 | 1,064,080 | |||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 49,464 | 9,243 | ||||||
Other tax | 71,412 | 175,329 | ||||||
Directors current account | 611 | 611 | ||||||
Obligations under finance leases and hire purchase contracts | 92,500 | 116,773 | ||||||
Trade creditors | 447,139 | 599,702 | ||||||
Other creditors | 132,346 | 126,599 | ||||||
Accruals | 17,077 | 2,800 | ||||||
810,549 | 1,031,057 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 36,214 | 46,063 | ||||||
Obligations under finance leases and hire purchase contracts >1yr | 140,647 | 131,721 | ||||||
176,861 | 177,784 | |||||||
6. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 5 | |||||
Merkam Limited | ||||||||
7. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 123,099 | 114,216 | ||||||
123,099 | 114,216 | |||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
20 | 20 | |||||||
20 | 20 | |||||||
9. CONTROLLING PARTY | ||||||||
The company is controlled by the two directors, C Meredith and M Kirkham, who between them own all of the issued share capital of the company. | ||||||||
10. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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