IRIS Accounts Production v23.2.0.158 01349222 director 1.6.22 31.5.23 31.5.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure013492222022-05-31013492222023-05-31013492222022-06-012023-05-31013492222021-05-31013492222021-06-012022-05-31013492222022-05-3101349222ns16:EnglandWales2022-06-012023-05-3101349222ns15:PoundSterling2022-06-012023-05-3101349222ns11:Director12022-06-012023-05-3101349222ns11:PrivateLimitedCompanyLtd2022-06-012023-05-3101349222ns11:SmallEntities2022-06-012023-05-3101349222ns11:AuditExempt-NoAccountantsReport2022-06-012023-05-3101349222ns11:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3101349222ns11:SmallCompaniesRegimeForAccounts2022-06-012023-05-3101349222ns11:FullAccounts2022-06-012023-05-3101349222ns11:RegisteredOffice2022-06-012023-05-3101349222ns6:CurrentFinancialInstruments2023-05-3101349222ns6:CurrentFinancialInstruments2022-05-3101349222ns6:Non-currentFinancialInstruments2023-05-3101349222ns6:Non-currentFinancialInstruments2022-05-3101349222ns6:ShareCapital2023-05-3101349222ns6:ShareCapital2022-05-3101349222ns6:RevaluationReserve2023-05-3101349222ns6:RevaluationReserve2022-05-3101349222ns6:CapitalRedemptionReserve2023-05-3101349222ns6:CapitalRedemptionReserve2022-05-3101349222ns6:RetainedEarningsAccumulatedLosses2023-05-3101349222ns6:RetainedEarningsAccumulatedLosses2022-05-3101349222ns6:OwnedOrFreeholdAssetsns6:LandBuildings2022-06-012023-05-3101349222ns6:PlantMachinery2022-06-012023-05-3101349222ns6:FurnitureFittings2022-06-012023-05-3101349222ns6:MotorVehicles2022-06-012023-05-3101349222ns6:LandBuildings2022-05-3101349222ns6:PlantMachinery2022-05-3101349222ns6:FurnitureFittings2022-05-3101349222ns6:MotorVehicles2022-05-3101349222ns6:LandBuildings2022-06-012023-05-3101349222ns6:LandBuildings2023-05-3101349222ns6:PlantMachinery2023-05-3101349222ns6:FurnitureFittings2023-05-3101349222ns6:MotorVehicles2023-05-3101349222ns6:LandBuildings2022-05-3101349222ns6:PlantMachinery2022-05-3101349222ns6:FurnitureFittings2022-05-3101349222ns6:MotorVehicles2022-05-3101349222ns6:CostValuation2022-05-3101349222ns6:WithinOneYearns6:CurrentFinancialInstruments2023-05-3101349222ns6:WithinOneYearns6:CurrentFinancialInstruments2022-05-3101349222ns6:Secured2023-05-3101349222ns6:Secured2022-05-3101349222ns6:RevaluationReserve2022-05-3101349222ns11:Director112022-05-3101349222ns11:Director112021-05-3101349222ns11:Director112022-06-012023-05-3101349222ns11:Director112021-06-012022-05-3101349222ns11:Director112023-05-3101349222ns11:Director112022-05-31
REGISTERED NUMBER: 01349222 (England and Wales)















Mercia Group Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 May 2023






Mercia Group Holdings Limited (Registered number: 01349222)






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 7


Mercia Group Holdings Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: W A Holland





REGISTERED OFFICE: Unit K2 Dudley Central Trading Estate
Dudley
West Midlands
DY2 8QX





BUSINESS ADDRESS:
Unit K1 Dudley Central Trading Estate
Shaw Road
Dudley
West Midlands
DY2 8QX





REGISTERED NUMBER: 01349222 (England and Wales)





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

Mercia Group Holdings Limited (Registered number: 01349222)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 530,172 563,712
Investments 5 101 101
530,273 563,813

CURRENT ASSETS
Debtors 6 133,378 92,833
Cash at bank 78,192 32,510
211,570 125,343
CREDITORS
Amounts falling due within one year 7 39,115 43,115
NET CURRENT ASSETS 172,455 82,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

702,728

646,041

CREDITORS
Amounts falling due after more than one
year

8

(164,866

)

(181,745

)

PROVISIONS FOR LIABILITIES (32,332 ) (39,537 )
NET ASSETS 505,530 424,759

Mercia Group Holdings Limited (Registered number: 01349222)

Balance Sheet - continued
31 May 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 301 301
Revaluation reserve 10 229,134 229,134
Capital redemption reserve (201,950 ) (201,950 )
Retained earnings 478,045 397,274
SHAREHOLDERS' FUNDS 505,530 424,759

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 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 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 10 October 2023 and were signed by:





W A Holland - Director


Mercia Group Holdings Limited (Registered number: 01349222)

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

1. STATUTORY INFORMATION

Mercia Group Holdings 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

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

Mercia Group Holdings Limited (Registered number: 01349222)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 June 2022 360,000 275,215 5,866 26,200 667,281
Additions - 9,844 - - 9,844
At 31 May 2023 360,000 285,059 5,866 26,200 677,125
DEPRECIATION
At 1 June 2022 - 89,496 3,600 10,473 103,569
Charge for year - 39,112 340 3,932 43,384
At 31 May 2023 - 128,608 3,940 14,405 146,953
NET BOOK VALUE
At 31 May 2023 360,000 156,451 1,926 11,795 530,172
At 31 May 2022 360,000 185,719 2,266 15,727 563,712

Cost or valuation at 31 May 2023 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2014 229,134 - - - 229,134
Cost 130,866 285,059 5,866 26,200 447,991
360,000 285,059 5,866 26,200 677,125

If Freehold Land and Property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 130,866 130,866

Value of land in freehold land and buildings 130,866 130,866

Freehold Land and Property were valued on an open market basis on 26 October 2016 by J N Dixon MRICS .

Mercia Group Holdings Limited (Registered number: 01349222)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 June 2022
and 31 May 2023 101
NET BOOK VALUE
At 31 May 2023 101
At 31 May 2022 101

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 68,546 76,512
Other debtors 64,832 16,321
133,378 92,833

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,877 17,848
Trade creditors 15,944 12,217
Amounts owed to group undertakings - 815
Taxation and social security 4,719 6,527
Other creditors 1,575 5,708
39,115 43,115

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 164,866 181,745

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 103,554 118,882

Mercia Group Holdings Limited (Registered number: 01349222)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 181,743 199,593

Lloyds Bank PLC hold a legal charge over the company Freehold Land and Property

10. RESERVES
Revaluation
reserve
£   
At 1 June 2022
and 31 May 2023 229,134

11. OFF-BALANCE SHEET ARRANGEMENTS

The company owns all the ordinary share capital in Mercia Architectural Ltd. During this financial year, Mercia Architectural Ltd entered into a finance agreement with Lloyds bank PLC in respect of plant owned by the company. The amount outstanding on this finance agreement which is not included in the these financial statements was £55,242 (2022 - £71,025).

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
W A Holland
Balance outstanding at start of year - -
Amounts advanced 49,238 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,238 -

Loan is interest free and repayable on demand