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REGISTERED NUMBER: 06448822 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Mercado Medic UK Limited

Mercado Medic UK Limited (Registered number: 06448822)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mercado Medic UK Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: S Van Bloemendaal





REGISTERED OFFICE: Innovation Centre
Gallows Hill
Warwick
Warwickshire
CV34 6UW





REGISTERED NUMBER: 06448822 (England and Wales)






Mercado Medic UK Limited (Registered number: 06448822)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,851 11,541

CURRENT ASSETS
Stocks 11,392 29,240
Debtors 5 112,738 67,238
Cash at bank 35,893 27,056
160,023 123,534
CREDITORS
Amounts falling due within one year 6 317,174 343,080
NET CURRENT LIABILITIES (157,151 ) (219,546 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(149,300

)

(208,005

)

CREDITORS
Amounts falling due after more than
one year

7

459,409

545,248
NET LIABILITIES (608,709 ) (753,253 )

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (618,709 ) (763,253 )
(608,709 ) (753,253 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Mercado Medic UK Limited (Registered number: 06448822)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





S Van Bloemendaal - Director


Mercado Medic UK Limited (Registered number: 06448822)

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

1. STATUTORY INFORMATION

Mercado Medic UK 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.

The accounts have been prepared on a going concern basis, which assumes that the company will continue to trade for at least one year from the date of approval of these financial statements by the director and thereafter for the foreseeable future. The director considers it appropriate to prepare the financial statements on this basis since the company's ultimate parent undertaking, Bloeman Invest AB, will provide sufficient funds to enable the company to meet its day to day working capital requirements. The financial statements do not include any adjustments that would result from a withdrawal of the support provided by the ultimate parent undertaking.

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 - 33% on cost and straight line over 3 years

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Mercado Medic UK Limited (Registered number: 06448822)

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

2. ACCOUNTING POLICIES - continued
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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 24,270
Additions 1,000
Disposals (11,115 )
At 31 December 2024 14,155
DEPRECIATION
At 1 January 2024 12,729
Charge for year 4,690
Eliminated on disposal (11,115 )
At 31 December 2024 6,304
NET BOOK VALUE
At 31 December 2024 7,851
At 31 December 2023 11,541

Mercado Medic UK Limited (Registered number: 06448822)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 107,128 60,508
Other debtors 5,610 6,730
112,738 67,238

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 74,777 38,273
Amounts owed to group undertakings 217,682 276,376
Taxation and social security 21,486 13,878
Other creditors 3,229 14,553
317,174 343,080

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed to group undertakings 459,409 545,248

8. ULTIMATE CONTROLLING PARTY

Mercado UK Limited is regarded by the director as being the company's immediate undertaking and Bloemen Invest AB is the ultimate parent undertaking.

The company address of Bloemen Invest AB is:
Box 1074
SE-181 22 Lidingö
Stockholm