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REGISTERED NUMBER: 05288588 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

M. E. R. SERVICES LIMITED

M. E. R. SERVICES LIMITED (REGISTERED NUMBER: 05288588)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company information 1

Statement of financial position 2 to 3

Notes to the financial statements 4 to 6


M. E. R. SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mr P Bitson
Mrs J Bitson



REGISTERED OFFICE: 16 Victoria Square
Droitwich Spa
Worcestershire
WR9 8DS



REGISTERED NUMBER: 05288588 (England and Wales)



ACCOUNTANTS: Total Bookkeeping Limited
16 Victoria Square
Droitwich Spa
Worcestershire
WR9 8DS



BANKERS: Lloyds TSB
112 High Street
Bromsgrove
Worcestershire
B61 8EZ

M. E. R. SERVICES LIMITED (REGISTERED NUMBER: 05288588)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 106,267 122,133

CURRENT ASSETS
Inventories 182,644 208,299
Debtors 5 130,714 162,032
Cash at bank and in hand 49,769 3,698
363,127 374,029
CREDITORS
Amounts falling due within one year 6 335,254 352,329
NET CURRENT ASSETS 27,873 21,700
TOTAL ASSETS LESS CURRENT LIABILITIES 134,140 143,833

CREDITORS
Amounts falling due after more than one
year

7

(62,750

)

(101,366

)

PROVISIONS FOR LIABILITIES (6,716 ) (11,585 )
NET ASSETS 64,674 30,882

CAPITAL AND RESERVES
Called up share capital 6 6
Share premium 4,999 4,999
Capital redemption reserve 3 3
Retained earnings 59,666 25,874
SHAREHOLDERS' FUNDS 64,674 30,882

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

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

M. E. R. SERVICES LIMITED (REGISTERED NUMBER: 05288588)

STATEMENT OF FINANCIAL POSITION - continued
31ST DECEMBER 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th March 2024 and were signed on its behalf by:





Mr P Bitson - Director


M. E. R. SERVICES LIMITED (REGISTERED NUMBER: 05288588)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

M. E. R. Services 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
Revenue 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories 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 inventories to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

M. E. R. SERVICES LIMITED (REGISTERED NUMBER: 05288588)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 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 16 (2022 - 15 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2023 193,852 56,035 18,268 18,992 287,147
Additions 592 - 9,150 541 10,283
Disposals - - (18,268 ) - (18,268 )
At 31st December 2023 194,444 56,035 9,150 19,533 279,162
DEPRECIATION
At 1st January 2023 98,997 38,598 12,488 14,931 165,014
Charge for year 14,317 2,615 2,287 1,150 20,369
Eliminated on disposal - - (12,488 ) - (12,488 )
At 31st December 2023 113,314 41,213 2,287 16,081 172,895
NET BOOK VALUE
At 31st December 2023 81,130 14,822 6,863 3,452 106,267
At 31st December 2022 94,855 17,437 5,780 4,061 122,133

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 48,678 121,028
Other debtors 82,036 41,004
130,714 162,032

M. E. R. SERVICES LIMITED (REGISTERED NUMBER: 05288588)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 37,000 37,000
Hire purchase contracts 1,616 21,102
Trade creditors 164,800 133,797
Taxation and social security 67,738 117,556
Other creditors 64,100 42,874
335,254 352,329

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 62,750 99,750
Hire purchase contracts - 1,616
62,750 101,366