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REGISTERED NUMBER: 14102959 (England and Wales)















MERCH MILL LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






MERCH MILL LIMITED (REGISTERED NUMBER: 14102959)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MERCH MILL LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: T Elvins





REGISTERED OFFICE: 59-61 Charlotte Street
Birmingham
B3 1PX





REGISTERED NUMBER: 14102959 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

MERCH MILL LIMITED (REGISTERED NUMBER: 14102959)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,334 3,193

CURRENT ASSETS
Debtors 5 22,861 20,094
Cash at bank 33,870 26,264
56,731 46,358
CREDITORS
Amounts falling due within one year 6 31,371 25,228
NET CURRENT ASSETS 25,360 21,130
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,694

24,323

PROVISIONS FOR LIABILITIES 2,084 798
NET ASSETS 31,610 23,525

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 31,510 23,425
31,610 23,525

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.

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 20 June 2024 and were signed by:




T Elvins - Director


MERCH MILL LIMITED (REGISTERED NUMBER: 14102959)

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

1. STATUTORY INFORMATION

Merch Mill 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 - 20% on cost
Computer equipment - 25% on 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

MERCH MILL LIMITED (REGISTERED NUMBER: 14102959)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,873 460 1,499 3,832
Additions 5,818 820 - 6,638
At 31 March 2024 7,691 1,280 1,499 10,470
DEPRECIATION
At 1 April 2023 335 23 281 639
Charge for year 872 250 375 1,497
At 31 March 2024 1,207 273 656 2,136
NET BOOK VALUE
At 31 March 2024 6,484 1,007 843 8,334
At 31 March 2023 1,538 437 1,218 3,193

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,618 16,851
Other debtors 3,243 3,243
22,861 20,094

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes 12,790 23,328
Other creditors 6 -
Directors' current accounts 10,000 -
Accrued expenses 8,575 1,900
31,371 25,228