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REGISTERED NUMBER: 04681970 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Merctech Limited

Merctech Limited (Registered number: 04681970)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Merctech Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G P Evans
Mrs H E Evans





SECRETARY: Mrs H E Evans





REGISTERED OFFICE: 138 Heol y Gors
Cwmbwrla
Swansea
SA5 8LT





REGISTERED NUMBER: 04681970 (England and Wales)





ACCOUNTANTS: DGL Accountancy Services Limited
Chartered Certified Accountants
35 Hen Parc Avenue
Upper Killay
Swansea
SA2 7HA

Merctech Limited (Registered number: 04681970)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 117,468 120,193
117,468 120,193

CURRENT ASSETS
Stocks 45,985 36,805
Debtors 6 54,935 69,431
Prepayments and accrued income 1,958 1,958
Cash at bank and in hand 889,171 783,443
992,049 891,637
CREDITORS
Amounts falling due within one year 7 161,361 126,055
NET CURRENT ASSETS 830,688 765,582
TOTAL ASSETS LESS CURRENT
LIABILITIES

948,156

885,775

PROVISIONS FOR LIABILITIES 8 1,550 2,070
NET ASSETS 946,606 883,705

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 946,604 883,703
SHAREHOLDERS' FUNDS 946,606 883,705

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.

Merctech Limited (Registered number: 04681970)

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 7 October 2024 and were signed on its behalf by:





G P Evans - Director


Merctech Limited (Registered number: 04681970)

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

1. STATUTORY INFORMATION

Merctech 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised evenly over its estimated useful life of ten 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.
Freehold property - not provided
Plant and equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.


Merctech Limited (Registered number: 04681970)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 60,000
AMORTISATION
At 1 April 2023
and 31 March 2024 60,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Merctech Limited (Registered number: 04681970)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property equipment fittings
£    £    £   
COST
At 1 April 2023
and 31 March 2024 109,294 32,654 479
DEPRECIATION
At 1 April 2023 - 23,328 477
Charge for year - 2,332 1
At 31 March 2024 - 25,660 478
NET BOOK VALUE
At 31 March 2024 109,294 6,994 1
At 31 March 2023 109,294 9,326 2

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 9,850 5,044 157,321
DEPRECIATION
At 1 April 2023 9,671 3,652 37,128
Charge for year 44 348 2,725
At 31 March 2024 9,715 4,000 39,853
NET BOOK VALUE
At 31 March 2024 135 1,044 117,468
At 31 March 2023 179 1,392 120,193

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 50,935 65,431
Other debtors 4,000 4,000
54,935 69,431

Merctech Limited (Registered number: 04681970)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 24,099 39,694
Taxation and social security 53,559 41,478
Other creditors 83,703 44,883
161,361 126,055

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 1,550 2,070

Deferred
tax
£   
Balance at 1 April 2023 2,070
Credit to Income Statement during year (520 )
Balance at 31 March 2024 1,550

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 (2023 - £60,000) were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr G P Evans and Mrs H E Evans.