2023-04-012024-03-312024-03-31false04161597MERLIN FINANCIAL SERVICES LTD2024-11-20iso4217:GBPxbrli:pure041615972023-04-01041615972024-03-31041615972023-04-012024-03-31041615972022-04-01041615972023-03-31041615972022-04-012023-03-3104161597bus:SmallEntities2023-04-012024-03-3104161597bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3104161597bus:FullAccounts2023-04-012024-03-3104161597bus:PrivateLimitedCompanyLtd2023-04-012024-03-3104161597core:WithinOneYear2024-03-3104161597core:AfterOneYear2024-03-3104161597core:WithinOneYear2023-03-3104161597core:AfterOneYear2023-03-3104161597core:ShareCapital2024-03-3104161597core:SharePremium2024-03-3104161597core:RevaluationReserve2024-03-3104161597core:OtherReservesSubtotal2024-03-3104161597core:RetainedEarningsAccumulatedLosses2024-03-3104161597core:ShareCapital2023-03-3104161597core:SharePremium2023-03-3104161597core:RevaluationReserve2023-03-3104161597core:OtherReservesSubtotal2023-03-3104161597core:RetainedEarningsAccumulatedLosses2023-03-3104161597core:LandBuildings2024-03-3104161597core:PlantMachinery2024-03-3104161597core:Vehicles2024-03-3104161597core:FurnitureFittings2024-03-3104161597core:OfficeEquipment2024-03-3104161597core:NetGoodwill2024-03-3104161597core:IntangibleAssetsOtherThanGoodwill2024-03-3104161597core:ListedExchangeTraded2024-03-3104161597core:UnlistedNon-exchangeTraded2024-03-3104161597core:LandBuildings2023-03-3104161597core:PlantMachinery2023-03-3104161597core:Vehicles2023-03-3104161597core:FurnitureFittings2023-03-3104161597core:OfficeEquipment2023-03-3104161597core:NetGoodwill2023-03-3104161597core:IntangibleAssetsOtherThanGoodwill2023-03-3104161597core:ListedExchangeTraded2023-03-3104161597core:UnlistedNon-exchangeTraded2023-03-3104161597core:LandBuildings2023-04-012024-03-3104161597core:PlantMachinery2023-04-012024-03-3104161597core:Vehicles2023-04-012024-03-3104161597core:FurnitureFittings2023-04-012024-03-3104161597core:OfficeEquipment2023-04-012024-03-3104161597core:NetGoodwill2023-04-012024-03-3104161597core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104161597core:ListedExchangeTraded2023-04-012024-03-3104161597core:UnlistedNon-exchangeTraded2023-04-012024-03-3104161597core:MoreThanFiveYears2023-04-012024-03-3104161597core:Non-currentFinancialInstruments2024-03-3104161597core:Non-currentFinancialInstruments2023-03-3104161597dpl:CostSales2023-04-012024-03-3104161597dpl:DistributionCosts2023-04-012024-03-3104161597core:LandBuildings2023-04-012024-03-3104161597core:PlantMachinery2023-04-012024-03-3104161597core:Vehicles2023-04-012024-03-3104161597core:FurnitureFittings2023-04-012024-03-3104161597core:OfficeEquipment2023-04-012024-03-3104161597dpl:AdministrativeExpenses2023-04-012024-03-3104161597core:NetGoodwill2023-04-012024-03-3104161597core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104161597dpl:GroupUndertakings2023-04-012024-03-3104161597dpl:ParticipatingInterests2023-04-012024-03-3104161597dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3104161597core:ListedExchangeTraded2023-04-012024-03-3104161597dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3104161597core:UnlistedNon-exchangeTraded2023-04-012024-03-3104161597dpl:CostSales2022-04-012023-03-3104161597dpl:DistributionCosts2022-04-012023-03-3104161597core:LandBuildings2022-04-012023-03-3104161597core:PlantMachinery2022-04-012023-03-3104161597core:Vehicles2022-04-012023-03-3104161597core:FurnitureFittings2022-04-012023-03-3104161597core:OfficeEquipment2022-04-012023-03-3104161597dpl:AdministrativeExpenses2022-04-012023-03-3104161597core:NetGoodwill2022-04-012023-03-3104161597core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3104161597dpl:GroupUndertakings2022-04-012023-03-3104161597dpl:ParticipatingInterests2022-04-012023-03-3104161597dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3104161597core:ListedExchangeTraded2022-04-012023-03-3104161597dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3104161597core:UnlistedNon-exchangeTraded2022-04-012023-03-3104161597core:NetGoodwill2024-03-3104161597core:IntangibleAssetsOtherThanGoodwill2024-03-3104161597core:LandBuildings2024-03-3104161597core:PlantMachinery2024-03-3104161597core:Vehicles2024-03-3104161597core:FurnitureFittings2024-03-3104161597core:OfficeEquipment2024-03-3104161597core:AfterOneYear2024-03-3104161597core:WithinOneYear2024-03-3104161597core:ListedExchangeTraded2024-03-3104161597core:UnlistedNon-exchangeTraded2024-03-3104161597core:ShareCapital2024-03-3104161597core:SharePremium2024-03-3104161597core:RevaluationReserve2024-03-3104161597core:OtherReservesSubtotal2024-03-3104161597core:RetainedEarningsAccumulatedLosses2024-03-3104161597core:NetGoodwill2023-03-3104161597core:IntangibleAssetsOtherThanGoodwill2023-03-3104161597core:LandBuildings2023-03-3104161597core:PlantMachinery2023-03-3104161597core:Vehicles2023-03-3104161597core:FurnitureFittings2023-03-3104161597core:OfficeEquipment2023-03-3104161597core:AfterOneYear2023-03-3104161597core:WithinOneYear2023-03-3104161597core:ListedExchange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MERLIN FINANCIAL SERVICES LTD

Registered Number
04161597
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

MERLIN FINANCIAL SERVICES LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

COLLYER, Andrew Peter
COYNE, David Richard
SMITH, Peter Martyn
STANTON, Alan Norman

Company Secretary

COYNE, David Richard

Registered Address

Camelot House, 60 Barbourne Road
Worcester
Worcestershire
WR1 1JA

Registered Number

04161597 (England and Wales)
MERLIN FINANCIAL SERVICES LTD
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,2662,003
1,2662,003
Current assets
Debtors429,05734,443
Cash at bank and on hand231,603266,613
260,660301,056
Creditors amounts falling due within one year5(71,537)(101,577)
Net current assets (liabilities)189,123199,479
Total assets less current liabilities190,389201,482
Net assets190,389201,482
Capital and reserves
Called up share capital100100
Profit and loss account190,289201,382
Shareholders' funds190,389201,482
The financial statements were approved and authorised for issue by the Board of Directors on 20 November 2024, and are signed on its behalf by:
SMITH, Peter Martyn
Director
Registered Company No. 04161597
MERLIN FINANCIAL SERVICES LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Fixtures and fittings25-
Office Equipment-3
2.Average number of employees

20242023
Average number of employees during the year67
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 April 238,57827,02435,602
Additions-1,0401,040
Disposals-(1)(1)
At 31 March 248,57828,06336,641
Depreciation and impairment
At 01 April 238,23925,36033,599
Charge for year851,6911,776
At 31 March 248,32427,05135,375
Net book value
At 31 March 242541,0121,266
At 31 March 233391,6642,003
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables13,86834,443
Other debtors15,189-
Total29,05734,443
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables71,537101,577
Total71,537101,577