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Mercator Logistics Ltd
Registered Number:05531107
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2023
Mercator Logistics Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
05531107
As at 31 August 2023
Mercator Logistics Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
12,377
15,470
2
12,377
15,470
Current assets
Trade and other receivables
67,631
65,002
3
91,914
Cash and cash equivalents
64,531
129,533
159,545
Trade and other payables: amounts falling due within one year
(141,346)
(72,807)
4
18,199
56,726
Net current assets
Total assets less current liabilities
69,103
33,669
Trade and other payables: amounts falling due after more than
one year
-
(54,647)
5
14,456
Net assets
33,669
Capital and reserves
Called up share capital
2
2
Retained earnings
14,454
33,667
14,456
33,669
Shareholders' funds
For the year ended 31 August 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Shane Potter Director
These financial statements were approved and authorised for issue by the Board on 14 February 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2023
Mercator Logistics Ltd
Notes to the Financial Statements
Statutory Information
Mercator Logistics Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
05531107.
Registered address:
5 Saint Augustine Crescent
Scunthorpe
Nth Lincs
DN16 3JP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20 Straight line
20 Straight line
Motor vehicles
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or valuation
At 01 September 2022
55,435
52,523
2,912
At 31 August 2023
2,912
52,523
55,435
Provision for depreciation and impairment
At 01 September 2022
39,965
37,879
2,086
Charge for year
3,093
2,928
165
At 31 August 2023
43,058
40,807
2,251
At 31 August 2023
Net book value
661
11,716
12,377
At 31 August 2022
826
14,644
15,470
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5
For the year ended 31 August 2023
Mercator Logistics Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Trade debtors
65,002
67,631
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
35,833
45,833
Trade creditors
-
62,350
Taxation and social security
6,561
2,750
Other creditors
30,413
30,413
72,807
141,346
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Trade creditors
54,647
-
6. Average number of persons employed
During the year the average number of employees was 0
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