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REGISTERED NUMBER: 04518057 (England and Wales)















Mercia Architectural Limited

Unaudited Financial Statements

for the Year Ended 31 May 2023






Mercia Architectural Limited (Registered number: 04518057)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


Mercia Architectural Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: W A Holland
S Adams





REGISTERED OFFICE: Unit K1 Dudley Central T/Estate
Shaw Road
Dudley
West Midlands
DY2 8QX





REGISTERED NUMBER: 04518057 (England and Wales)





ACCOUNTANTS: JMC Accountants & Tax Advisers Ltd
76 High Street
Brierley Hill
West Midlands
DY5 3AW

Mercia Architectural Limited (Registered number: 04518057)

Balance Sheet
31 May 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,875 99,637

CURRENT ASSETS
Stocks 41,730 59,000
Debtors 5 604,718 388,599
Cash at bank 63,764 178,385
710,212 625,984
CREDITORS
Amounts falling due within one year 6 270,003 303,599
NET CURRENT ASSETS 440,209 322,385
TOTAL ASSETS LESS CURRENT
LIABILITIES

520,084

422,022

CREDITORS
Amounts falling due after more than one
year

7

(105,263

)

(149,468

)

PROVISIONS FOR LIABILITIES (13,402 ) (16,867 )
NET ASSETS 401,419 255,687

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 401,319 255,587
SHAREHOLDERS' FUNDS 401,419 255,687

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

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

Mercia Architectural Limited (Registered number: 04518057)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:





W A Holland - Director


Mercia Architectural Limited (Registered number: 04518057)

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

1. STATUTORY INFORMATION

Mercia Architectural 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 25% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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 Income Statement, 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.

Mercia Architectural Limited (Registered number: 04518057)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Government grants
Government grants are recognised in profit and loss over a period of 10 years. Any amount not recognised are included under creditors as deferred income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 June 2022 5,654 57,172 33,310
Additions - 970 300
At 31 May 2023 5,654 58,142 33,610
DEPRECIATION
At 1 June 2022 2,000 8,575 27,238
Charge for year 226 9,913 956
At 31 May 2023 2,226 18,488 28,194
NET BOOK VALUE
At 31 May 2023 3,428 39,654 5,416
At 31 May 2022 3,654 48,597 6,072

Mercia Architectural Limited (Registered number: 04518057)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022 86,000 19,923 202,059
Additions - 540 1,810
At 31 May 2023 86,000 20,463 203,869
DEPRECIATION
At 1 June 2022 45,164 19,445 102,422
Charge for year 10,210 267 21,572
At 31 May 2023 55,374 19,712 123,994
NET BOOK VALUE
At 31 May 2023 30,626 751 79,875
At 31 May 2022 40,836 478 99,637

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 54,323 59,500 113,823
DEPRECIATION
At 1 June 2022 8,148 22,203 30,351
Charge for year 9,235 9,325 18,560
At 31 May 2023 17,383 31,528 48,911
NET BOOK VALUE
At 31 May 2023 36,940 27,972 64,912
At 31 May 2022 46,175 37,297 83,472

Mercia Architectural Limited (Registered number: 04518057)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 477,856 258,244
Amounts owed by group undertakings 101,098 116,851
Other debtors 25,764 13,504
604,718 388,599

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 12,000 12,262
Hire purchase contracts (see note 8) 30,964 33,066
Trade creditors 85,908 119,691
Amounts owed to group undertakings 59,632 72,945
Taxation and social security 77,047 51,416
Other creditors 4,452 14,219
270,003 303,599

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
as restated
£    £   
Bank loans 28,000 40,872
Hire purchase contracts (see note 8) 77,263 108,596
105,263 149,468

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
as restated
£    £   
Net obligations repayable:
Within one year 30,964 33,066
Between one and five years 77,263 108,596
108,227 141,662

Mercia Architectural Limited (Registered number: 04518057)

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

9. SECURED DEBTS

The bank loans and overdraft are secured by a charge created on 21.12.2010 with a fixed and floating charge over the company book debts.

10. RELATED PARTY DISCLOSURES

The company has entered into a finance agreement with Lloyds bank PLC to assist the holding company, Mercia Group Holdings Ltd, to purchase plant. The amount outstanding to Lloyds bank PLC in respect of this agreement at the balance sheet date was £55,242 (2022 £71,025).