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REGISTERED NUMBER: 06871124 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Merchant Technology Marketing Limited

Merchant Technology Marketing Limited (Registered number: 06871124)






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


Merchant Technology Marketing Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr G Hawes
Mr P H Jones





REGISTERED OFFICE: 12 West Links
Tollgate
Chandlers Ford
Eastleigh
Hampshire
SO53 3TG





REGISTERED NUMBER: 06871124 (England and Wales)





ACCOUNTANTS: Ledger Accounting Services Limited
12 West Links
Tollgate
Chandlers Ford
Southampton
Hampshire
SO53 3TG

Merchant Technology Marketing Limited (Registered number: 06871124)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 85,659 88,848
85,659 88,848

CURRENT ASSETS
Stocks 116,028 77,170
Debtors 6 1,363,740 1,474,194
Cash at bank 479,415 341,689
1,959,183 1,893,053
CREDITORS
Amounts falling due within one year 7 741,700 990,250
NET CURRENT ASSETS 1,217,483 902,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,303,142

991,651

CREDITORS
Amounts falling due after more than one
year

8

(12,500

)

(22,500

)

PROVISIONS FOR LIABILITIES (16,305 ) (15,723 )
NET ASSETS 1,274,337 953,428

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,274,237 953,328
1,274,337 953,428

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.

Merchant Technology Marketing Limited (Registered number: 06871124)

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 12 November 2024 and were signed on its behalf by:




Mr G Hawes - Director



Mr P H Jones - Director


Merchant Technology Marketing Limited (Registered number: 06871124)

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

1. STATUTORY INFORMATION

Merchant Technology Marketing 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 machinery etc - 50% on cost and 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

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 60 (2023 - 25 ) .

Merchant Technology Marketing Limited (Registered number: 06871124)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 8,000
AMORTISATION
At 1 April 2023
and 31 March 2024 8,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 206,602
Additions 65,230
Disposals (63,349 )
At 31 March 2024 208,483
DEPRECIATION
At 1 April 2023 117,754
Charge for year 62,536
Eliminated on disposal (57,466 )
At 31 March 2024 122,824
NET BOOK VALUE
At 31 March 2024 85,659
At 31 March 2023 88,848

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,070,718 1,389,163
Other debtors 293,022 85,031
1,363,740 1,474,194

Merchant Technology Marketing Limited (Registered number: 06871124)

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
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 126,079 223,073
Taxation and social security 562,566 612,491
Other creditors 43,055 144,686
741,700 990,250

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,500 22,500

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr G Hawes
Balance outstanding at start of year 6,109 23,700
Amounts advanced 242,073 148,912
Amounts repaid (249,000 ) (166,503 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (818 ) 6,109

Mr P H Jones
Balance outstanding at start of year (44,120 ) (21,106 )
Amounts advanced 158,000 82,986
Amounts repaid (122,000 ) (106,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,120 ) (44,120 )