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REGISTERED NUMBER: 03286015 (England and Wales)











Unaudited Financial Statements

for the Year Ended 25 November 2023

for

Mersea Trailers Limited

Mersea Trailers Limited (Registered number: 03286015)






Contents of the Financial Statements
for the year ended 25 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mersea Trailers Limited

Company Information
for the year ended 25 November 2023







DIRECTOR: M H Corduff





SECRETARY: S A Corduff





REGISTERED OFFICE: Bosco House Harwich Road
Great Bromley
Colchester
Essex
CO7 7UL





REGISTERED NUMBER: 03286015 (England and Wales)





ACCOUNTANTS: Tile & Co
Warden House
37 Manor Road
Colchester
Essex
CO3 3LX

Mersea Trailers Limited (Registered number: 03286015)

Balance Sheet
25 November 2023

25.11.23 25.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,432 2,007
Tangible assets 5 101,773 81,064
103,205 83,071

CURRENT ASSETS
Stocks 124,500 137,000
Debtors 6 184,032 233,736
Cash at bank and in hand 308,555 241,911
617,087 612,647
CREDITORS
Amounts falling due within one year 7 147,872 170,644
NET CURRENT ASSETS 469,215 442,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

572,420

525,074

CREDITORS
Amounts falling due after more than one
year

8

(19,061

)

(29,095

)

PROVISIONS FOR LIABILITIES (17,612 ) (13,309 )
NET ASSETS 535,747 482,670

CAPITAL AND RESERVES
Called up share capital 180,000 180,000
Retained earnings 355,747 302,670
SHAREHOLDERS' FUNDS 535,747 482,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 November 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.

Mersea Trailers Limited (Registered number: 03286015)

Balance Sheet - continued
25 November 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 21 August 2024 and were signed by:





M H Corduff - Director


Mersea Trailers Limited (Registered number: 03286015)

Notes to the Financial Statements
for the year ended 25 November 2023

1. STATUTORY INFORMATION

Mersea Trailers 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.

Goodwill
Goodwill, being the amounts paid in connection with the acquisitions of businesses in 2000 and 2008, 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.
Land and buildings - Straight line over the term of the lease
Plant and machinery etc - 25% on reducing balance and 10% 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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

Mersea Trailers Limited (Registered number: 03286015)

Notes to the Financial Statements - continued
for the year ended 25 November 2023

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 13 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 26 November 2022
and 25 November 2023 57,995
AMORTISATION
At 26 November 2022 55,988
Charge for year 575
At 25 November 2023 56,563
NET BOOK VALUE
At 25 November 2023 1,432
At 25 November 2022 2,007

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 26 November 2022 8,381 1,055,973 1,064,354
Additions - 35,350 35,350
At 25 November 2023 8,381 1,091,323 1,099,704
DEPRECIATION
At 26 November 2022 8,381 974,909 983,290
Charge for year - 14,641 14,641
At 25 November 2023 8,381 989,550 997,931
NET BOOK VALUE
At 25 November 2023 - 101,773 101,773
At 25 November 2022 - 81,064 81,064

Mersea Trailers Limited (Registered number: 03286015)

Notes to the Financial Statements - continued
for the year ended 25 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
25.11.23 25.11.22
£    £   
Trade debtors 166,170 227,390
Other debtors 17,862 6,346
184,032 233,736

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
25.11.23 25.11.22
£    £   
Bank loans and overdrafts 10,035 9,788
Trade creditors 137,427 152,377
Taxation and social security 46,431 42,152
Other creditors (46,021 ) (33,673 )
147,872 170,644

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
25.11.23 25.11.22
£    £   
Bank loans 19,061 29,095

9. SECURED DEBTS

The following secured debts are included within creditors:

25.11.23 25.11.22
£    £   
Bank loans 29,096 38,883

10. RELATED PARTY DISCLOSURES

At the year end £48 was due to an owner (also a director) that holds a participating interest in the shares of the company (2022 £1,321 was due to the same individual).

The loans are unsecured, interest free and repayable on demand.