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Registered number: 04692887

Merkam Limited

ACCOUNTS
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
Mr C Meredith
Mr M Kirkham
SECRETARY
Mr C Meredith
REGISTERED OFFICE
35 Carlton Hill
Carlton
Nottingham
Nottinghamshire
NG4 1BG
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 Sheet3
Notes To The Accounts4
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 31 March 2023
20232022
Notes££
FIXED ASSETS
Tangible assets2615,493571,079
CURRENT ASSETS
Debtors3395,4971,064,080
Cash at bank and in hand1,274,029947,293
1,669,5262,011,373
CREDITORS: Amounts falling due within one year4810,5491,031,057
NET CURRENT ASSETS858,977980,316
TOTAL ASSETS LESS CURRENT LIABILITIES1,474,4701,551,395
CREDITORS: Amounts falling due after more than one year5176,861177,784
PROVISIONS FOR LIABILITIES AND CHARGES7123,099114,216
NET ASSETS1,174,5101,259,395
CAPITAL AND RESERVES
Called up share capital82020
Profit and loss account1,174,4901,259,375
SHAREHOLDERS' FUNDS1,174,5101,259,395
For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 19 October 2023 and signed on their behalf by
.............................
Mr C Meredith
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing 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
CommercialFixtures
Vehiclesand FittingsEquipmentTotal
££££
Cost
At 1 April 2022300,49446,015890,6651,237,174
Additions112,5365,18776,500194,223
Disposals(19,533)-(28,500)(48,033)
At 31 March 2023393,49751,202938,6651,383,364
Depreciation
At 1 April 2022140,64826,713498,734666,095
Disposals(14,394)-(13,355)(27,749)
For the year46,3063,17480,045129,525
At 31 March 2023172,56029,887565,424767,871
Net Book Amounts
At 31 March 2023220,93721,315373,241615,493
At 31 March 2022159,84619,302391,931571,079

Merkam Limited

3. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors266,884868,367
Other debtors4,1085,091
VAT124,505190,622
395,4971,064,080
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax49,4649,243
Other tax71,412175,329
Directors current account611611
Obligations under finance leases and hire purchase contracts92,500116,773
Trade creditors447,139599,702
Other creditors132,346126,599
Accruals17,0772,800
810,5491,031,057
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr36,21446,063
Obligations under finance leases and hire purchase contracts >1yr140,647131,721
176,861177,784
6. EMPLOYEES
20232022
No.No.
Average number of employees55

Merkam Limited

7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation123,099114,216
123,099114,216
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
20 Ordinary shares of £1 each2020
2020
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
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.