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REGISTERED NUMBER: 03169381 (England and Wales)















Merlin Polyurethane Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Merlin Polyurethane Limited (Registered number: 03169381)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


Merlin Polyurethane Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S Hurst





SECRETARY: S Hurst





REGISTERED OFFICE: Camelot House
Clay Lake Industrial Estate
Spalding
Lincolnshire
PE12 6BL





REGISTERED NUMBER: 03169381 (England and Wales)





ACCOUNTANTS: Salway and Wright
22 Church Street
Holbeach
Lincolnshire
PE12 7LL

Merlin Polyurethane Limited (Registered number: 03169381)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 158,917 126,401

CURRENT ASSETS
Stocks 12,000 12,000
Debtors 5 379,519 210,584
Cash at bank 254,148 477,807
645,667 700,391
CREDITORS
Amounts falling due within one year 6 298,137 390,167
NET CURRENT ASSETS 347,530 310,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

506,447

436,625

CREDITORS
Amounts falling due after more than one
year

7

20,006

30,103
NET ASSETS 486,441 406,522

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 486,439 406,520
SHAREHOLDERS' FUNDS 486,441 406,522

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 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.

Merlin Polyurethane Limited (Registered number: 03169381)

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 director and authorised for issue on 4 October 2024 and were signed by:





S Hurst - Director


Merlin Polyurethane Limited (Registered number: 03169381)

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

1. STATUTORY INFORMATION

Merlin Polyurethane 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
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 equipment - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

Merlin Polyurethane Limited (Registered number: 03169381)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 April 2023 318,029 87,255 405,284
Additions 35,000 28,495 63,495
At 31 March 2024 353,029 115,750 468,779
DEPRECIATION
At 1 April 2023 201,640 77,243 278,883
Charge for year 23,278 7,701 30,979
At 31 March 2024 224,918 84,944 309,862
NET BOOK VALUE
At 31 March 2024 128,111 30,806 158,917
At 31 March 2023 116,389 10,012 126,401

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 379,519 209,545
Other debtors - 1,039
379,519 210,584

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 84,807 29,969
Taxation and social security 41,961 30,324
Other creditors 171,369 329,874
298,137 390,167

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 20,006 30,103