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REGISTERED NUMBER: 09739902 (England and Wales)















MERCHOID LIMITED

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2024






MERCHOID LIMITED (REGISTERED NUMBER: 09739902)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


MERCHOID LIMITED

Company Information
for the Year Ended 31 March 2024







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 Year Ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 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


17 September 2024

MERCHOID LIMITED (REGISTERED NUMBER: 09739902)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 94,620 93,601

CURRENT ASSETS
Stocks 674,653 683,244
Debtors 5 369,704 333,316
Cash at bank 362,289 165,476
1,406,646 1,182,036
CREDITORS
Amounts falling due within one year 6 530,343 218,908
NET CURRENT ASSETS 876,303 963,128
TOTAL ASSETS LESS CURRENT
LIABILITIES

970,923

1,056,729

CREDITORS
Amounts falling due after more than one
year

7

(56,321

)

(143,821

)

PROVISIONS FOR LIABILITIES (13,640 ) (12,206 )
NET ASSETS 900,962 900,702

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 899,962 899,702
SHAREHOLDERS' FUNDS 900,962 900,702

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 2024


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 17 September 2024 and were signed on its behalf by:





S M Ward - Director


MERCHOID LIMITED (REGISTERED NUMBER: 09739902)

Notes to the Financial Statements
for the Year Ended 31 March 2024

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 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.

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 Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and Computer
improvements machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 81,045 71,970 46,841 10,101 209,957
Additions 15,787 4,128 6,399 380 26,694
At 31 March 2024 96,832 76,098 53,240 10,481 236,651
DEPRECIATION
At 1 April 2023 3,500 59,036 46,284 7,536 116,356
Charge for year 9,521 11,622 2,442 2,090 25,675
At 31 March 2024 13,021 70,658 48,726 9,626 142,031
NET BOOK VALUE
At 31 March 2024 83,811 5,440 4,514 855 94,620
At 31 March 2023 77,545 12,934 557 2,565 93,601

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 306,009 255,205
Other debtors 31,421 45,511
Prepayments 32,274 32,600
369,704 333,316

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 87,500 87,500
Trade creditors 147,572 49,815
Social security and other taxes 4,079 4,393
Other creditors 120,980 26,437
Directors' current accounts - 1,980
Accrued expenses 170,212 48,783
530,343 218,908

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 56,321 87,500
Bank loans - 2-5 years - 56,321
56,321 143,821

MERCHOID LIMITED (REGISTERED NUMBER: 09739902)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £268,676 (2023: £218,372) by AAA Merchandise Ltd, which is a company in the same accounting group.

At the balance sheet date the company was owed £37,333 (2023: £36,833) by KW Merchandise Limited, which is the parent company.

At the balance sheet date the company owed £30,000 (2023: £Nil) to Bespin Property Ltd,
a company under common control.

At the balance sheet date the company owed £15,000 (2023: £Nil) to Stourdale Property Ltd,
a company under common control.

9. ULTIMATE CONTROLLING PARTY

Control of the company is split equally between the directors