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REGISTERED NUMBER: 06091253 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

MERGE SERVICES LTD

MERGE SERVICES LTD (REGISTERED NUMBER: 06091253)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MERGE SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: C Morgan





SECRETARY:





REGISTERED OFFICE: Myrtle Hill
Five Roads
Llanelli
Carmarthenshire
SA15 5AJ





REGISTERED NUMBER: 06091253 (England and Wales)





ACCOUNTANTS: Charles & Co
Chartered Certified Accountants
3 Murray Street
Llanelli
Carmarthenshire
SA15 1AQ

MERGE SERVICES LTD (REGISTERED NUMBER: 06091253)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,000 2,500
Tangible assets 5 226,790 346,404
228,790 348,904

CURRENT ASSETS
Stocks 265,000 265,000
Debtors 6 336,991 374,911
Cash at bank and in hand 13,746 1,241
615,737 641,152
CREDITORS
Amounts falling due within one year 7 319,534 380,434
NET CURRENT ASSETS 296,203 260,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

524,993

609,622

CREDITORS
Amounts falling due after more than one
year

8

121,644

240,259
NET ASSETS 403,349 369,363

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 403,347 369,361
SHAREHOLDERS' FUNDS 403,349 369,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

MERGE SERVICES LTD (REGISTERED NUMBER: 06091253)

BALANCE SHEET - continued
28 FEBRUARY 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 director and authorised for issue on 12 September 2023 and were signed by:





C Morgan - Director


MERGE SERVICES LTD (REGISTERED NUMBER: 06091253)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Merge Services 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

MERGE SERVICES LTD (REGISTERED NUMBER: 06091253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 10,000
AMORTISATION
At 1 March 2022 7,500
Amortisation for year 500
At 28 February 2023 8,000
NET BOOK VALUE
At 28 February 2023 2,000
At 28 February 2022 2,500

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 77,169 387,736 91,778 2,080 558,763
Additions - - 19,040 - 19,040
Disposals (77,169 ) - - - (77,169 )
At 28 February 2023 - 387,736 110,818 2,080 500,634
DEPRECIATION
At 1 March 2022 - 177,087 33,545 1,727 212,359
Charge for year - 42,130 19,319 36 61,485
At 28 February 2023 - 219,217 52,864 1,763 273,844
NET BOOK VALUE
At 28 February 2023 - 168,519 57,954 317 226,790
At 28 February 2022 77,169 210,649 58,233 353 346,404

MERGE SERVICES LTD (REGISTERED NUMBER: 06091253)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 144,319 159,690
Other debtors 192,672 215,221
336,991 374,911

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 71,011
Trade creditors 194,488 190,209
Taxation and social security 76,092 99,711
Other creditors 48,954 19,503
319,534 380,434

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 32,587 98,687
Hire purchase contracts 89,057 141,572
121,644 240,259

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 55,261

Bank Loan