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REGISTERED NUMBER: 08466887 (England and Wales)















Mertec (Kent) Limited

Unaudited Financial Statements for the Year Ended 30 April 2024






Mertec (Kent) Limited (Registered number: 08466887)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Mertec (Kent) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J D Watkins
Miss C S Harnett





REGISTERED OFFICE: 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: Unit 4 Oast Park
Spade lane
Hartlip
Sittingbourne
Kent
ME9 7TT





REGISTERED NUMBER: 08466887 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Mertec (Kent) Limited (Registered number: 08466887)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,870 6,812
5,870 6,812

CURRENT ASSETS
Inventories 6,550 6,075
Debtors 6 15,720 20,456
Cash at bank and in hand 200 16,100
22,470 42,631
CREDITORS
Amounts falling due within one year 7 45,382 46,609
NET CURRENT LIABILITIES (22,912 ) (3,978 )
TOTAL ASSETS LESS CURRENT LIABILITIES (17,042 ) 2,834

CREDITORS
Amounts falling due after more than one
year

8

36,764

43,996
NET LIABILITIES (53,806 ) (41,162 )

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings (53,956 ) (41,312 )
SHAREHOLDERS' FUNDS (53,806 ) (41,162 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Mertec (Kent) Limited (Registered number: 08466887)

Statement of Financial Position - continued
30 April 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 30 October 2024 and were signed on its behalf by:





J D Watkins - Director


Mertec (Kent) Limited (Registered number: 08466887)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Mertec (Kent) 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.

At the year end the company had net liabilities of £53,806. The company is expected to return to being profitable in the near future. On this basis the director considers it appropriate to prepare the financial statements on the going concern basis.

Income recognition
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year. Income is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

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 the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost.

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 statement of financial position date.

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.

Mertec (Kent) Limited (Registered number: 08466887)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 45,000
AMORTISATION
At 1 May 2023
and 30 April 2024 45,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 46,240
Additions 474
At 30 April 2024 46,714
DEPRECIATION
At 1 May 2023 39,428
Charge for year 1,416
At 30 April 2024 40,844
NET BOOK VALUE
At 30 April 2024 5,870
At 30 April 2023 6,812

Mertec (Kent) Limited (Registered number: 08466887)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 45
Other debtors 15,720 20,411
15,720 20,456

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,664 6,630
Trade creditors 16,177 17,256
Taxation and social security 11,199 15,254
Other creditors 3,342 7,469
45,382 46,609

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 36,764 43,996

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 7,835 15,067

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 7,432 -

Bank overdrafts are secured by personal guarantees from the director.