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REGISTERED NUMBER: 09587715 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

MEPCOM LTD

MEPCOM LTD (Registered number: 09587715)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Report of the Director 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


MEPCOM LTD

Company Information
for the Year Ended 31 March 2023







DIRECTOR: T MAXFIELD





SECRETARY: MERLIN BUSINESS SERVICES UK LTD





REGISTERED OFFICE: STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE





REGISTERED NUMBER: 09587715 (England and Wales)





ACCOUNTANTS: MERLIN ACCOUNTANCY & PAYROLE SERVICES LTD
STAFFORDSHIRE KNOT
PINFOLD STREET
WEDNESBURY
WS10 8TE

MEPCOM LTD (Registered number: 09587715)

Report of the Director
for the Year Ended 31 March 2023

The director presents his report with the financial statements of the company for the year ended 31 March 2023.

DIRECTOR
T MAXFIELD held office during the whole of the period from 1 April 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





T MAXFIELD - Director


1 November 2023

MEPCOM LTD (Registered number: 09587715)

Statement of Income and Retained Earnings
for the Year Ended 31 March 2023

31/3/23 31/3/22
Notes £    £   

TURNOVER 36,690 35,665

Cost of sales 23,784 20,283
GROSS PROFIT 12,906 15,382

Administrative expenses 7,387 5,903
5,519 9,479

Other operating income - 3,536
OPERATING PROFIT 5,519 13,015

Interest receivable and similar income - 50
PROFIT BEFORE TAXATION 5,519 13,065

Tax on profit 1,049 227
PROFIT FOR THE FINANCIAL YEAR 4,470 12,838

Retained earnings at beginning of year 17,893 17,055

Dividends 4 (4,000 ) (12,000 )

RETAINED EARNINGS AT END OF YEAR 18,363 17,893

MEPCOM LTD (Registered number: 09587715)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 21,467 21,467

CURRENT ASSETS
Debtors 6 18,509 11,171
Cash at bank and in hand 4,667 6,469
23,176 17,640
CREDITORS
Amounts falling due within one year 7 26,279 6,811
NET CURRENT (LIABILITIES)/ASSETS (3,103 ) 10,829
TOTAL ASSETS LESS CURRENT LIABILITIES 18,364 32,296

CREDITORS
Amounts falling due after more than one year 8 - 14,402
NET ASSETS 18,364 17,894

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 18,363 17,893
SHAREHOLDERS' FUNDS 18,364 17,894

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 director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 1 November 2023 and were signed by:





T MAXFIELD - Director


MEPCOM LTD (Registered number: 09587715)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

MEPCOM LTD 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. DIVIDENDS
31/3/23 31/3/22
£    £   
ORDINARY share of 1.00
Final 4,000 12,000

MEPCOM LTD (Registered number: 09587715)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 67,517
DEPRECIATION
At 1 April 2022
and 31 March 2023 46,050
NET BOOK VALUE
At 31 March 2023 21,467
At 31 March 2022 21,467

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
CIS Tax suffered 18,509 11,171

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 7 7
Tax 1,008 227
VAT 5,262 5,138
Directors' current accounts 19,042 48
Accrued expenses 960 1,391
26,279 6,811

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/23 31/3/22
£    £   
Hire purchase contracts - 14,402