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REGISTERED NUMBER: 09739902 (England and Wales)















MERCHOID LIMITED

Report of the Directors and

Unaudited Financial Statements

for the Period 1 January 2022 to 31 March 2023






MERCHOID LIMITED (REGISTERED NUMBER: 09739902)






Contents of the Financial Statements
for the Period 1 January 2022 to 31 March 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


MERCHOID LIMITED

Company Information
for the Period 1 January 2022 to 31 March 2023







DIRECTORS: C Kondal
S M Ward





REGISTERED OFFICE: KW House
11 Stourdale Road
Cradley Heath
West Midlands
B64 7BG





REGISTERED NUMBER: 09739902 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

MERCHOID LIMITED (REGISTERED NUMBER: 09739902)

Report of the Directors
for the Period 1 January 2022 to 31 March 2023

The directors present their report with the financial statements of the company for the period 1 January 2022 to 31 March 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2022 to the date of this report.

C Kondal
S M Ward

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S M Ward - Director


1 December 2023

MERCHOID LIMITED (REGISTERED NUMBER: 09739902)

Balance Sheet
31 March 2023

2023 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,601 53,441

CURRENT ASSETS
Stocks 683,244 587,628
Debtors 5 333,316 29,980
Cash at bank 165,476 1,564,324
1,182,036 2,181,932
CREDITORS
Amounts falling due within one year 6 218,908 1,069,124
NET CURRENT ASSETS 963,128 1,112,808
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,056,729

1,166,249

CREDITORS
Amounts falling due after more than one
year

7

(143,821

)

(252,572

)

PROVISIONS FOR LIABILITIES (12,206 ) (13,360 )
NET ASSETS 900,702 900,317

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 899,702 899,317
SHAREHOLDERS' FUNDS 900,702 900,317

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

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

MERCHOID LIMITED (REGISTERED NUMBER: 09739902)

Balance Sheet - continued
31 March 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 1 December 2023 and were signed on its behalf by:





S M Ward - Director


MERCHOID LIMITED (REGISTERED NUMBER: 09739902)

Notes to the Financial Statements
for the Period 1 January 2022 to 31 March 2023

1. STATUTORY INFORMATION

Merchoid 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 25% on cost
Fixtures and fittings - 33% 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 period 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 period 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.

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.

MERCHOID LIMITED (REGISTERED NUMBER: 09739902)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 15 (2021 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Computer
improvements machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2022 - 69,420 46,575 9,750 125,745
Additions 81,045 2,550 266 351 84,212
At 31 March 2023 81,045 71,970 46,841 10,101 209,957
DEPRECIATION
At 1 January 2022 - 36,163 32,714 3,427 72,304
Charge for period 3,500 22,873 13,570 4,109 44,052
At 31 March 2023 3,500 59,036 46,284 7,536 116,356
NET BOOK VALUE
At 31 March 2023 77,545 12,934 557 2,565 93,601
At 31 December 2021 - 33,257 13,861 6,323 53,441

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Amounts owed by group undertakings 255,205 -
Other debtors 45,511 -
Amounts owed by related party - 1,000
Prepayments 32,600 28,980
333,316 29,980

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Bank loans and overdrafts 87,500 78,272
Trade creditors 49,815 310,638
Amounts owed to group undertakings - 421,134
Social security and other taxes 4,393 28,091
Other creditors 26,437 89,334
Directors' current accounts 1,980 2,350
Accrued expenses 48,783 139,305
218,908 1,069,124

MERCHOID LIMITED (REGISTERED NUMBER: 09739902)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2021
£    £   
Bank loans - 1-2 years 87,500 85,004
Bank loans - 2-5 years 56,321 167,568
143,821 252,572

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £218,372 (2021: £-21,439) by AAA Merchandise Ltd, which is a company in the same accounting group.

At the balance sheet date the company was owed £36,833 (2021: £-399,695) by KW Merchandise Limited, which is the parent company.

9. ULTIMATE CONTROLLING PARTY

Control of the company is split equally between the directors