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REGISTERED NUMBER: 07297324 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

The Mercmedics (German Car Specialist)
Limited

The Mercmedics (German Car Specialist)
Limited (Registered number: 07297324)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Mercmedics (German Car Specialist)
Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: G Proctor





REGISTERED OFFICE: 4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX





REGISTERED NUMBER: 07297324 (England and Wales)





ACCOUNTANTS: Bristow Burrell
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

The Mercmedics (German Car Specialist)
Limited (Registered number: 07297324)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 11,879 6,612

CURRENT ASSETS
Stocks 4,046 2,926
Debtors 6 36,257 51,862
Cash at bank 7,769 48,331
48,072 103,119
CREDITORS
Amounts falling due within one
year

7

49,226

47,906
NET CURRENT (LIABILITIES)/ASSETS (1,154 ) 55,213
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,725

61,825

CREDITORS
Amounts falling due after more
than one year

8

10,506

20,753
NET ASSETS 219 41,072

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 119 40,972
SHAREHOLDERS' FUNDS 219 41,072

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2024 and were signed by:





G Proctor - Director


The Mercmedics (German Car Specialist)
Limited (Registered number: 07297324)

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

1. STATUTORY INFORMATION

The Mercmedics (German Car Specialist) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 13,997 4,735 6,768 3,520 29,020
Additions 4,280 3,356 500 1,555 9,691
At 30 June 2024 18,277 8,091 7,268 5,075 38,711
DEPRECIATION
At 1 July 2023 11,641 1,874 5,770 3,123 22,408
Charge for year 1,392 2,170 271 591 4,424
At 30 June 2024 13,033 4,044 6,041 3,714 26,832
NET BOOK VALUE
At 30 June 2024 5,244 4,047 1,227 1,361 11,879
At 30 June 2023 2,356 2,861 998 397 6,612

The Mercmedics (German Car Specialist)
Limited (Registered number: 07297324)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 6,720 18,305
Other debtors 29,537 33,557
36,257 51,862

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,247 9,994
Trade creditors 17,811 6,321
Taxation and social security 15,360 27,027
Other creditors 5,808 4,564
49,226 47,906

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 10,506 20,753

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100