MERTON AGENCY LIMITED

Company Registration Number:
13071112 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

MERTON AGENCY LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MERTON AGENCY LIMITED

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

Merton Agency Limited specialises in the operation of enterprise solutions with decades of experience. We are experienced and knowledgeable professionals in the field of ERP implementation. We provide a wide range of features that enable accurate measurement of our client’s business processes. Our team provides the best enterprise software (ERP) technology, which can develop new markets, solve problems, and open the doors to new possibilities. Being a highly diversified group, our dedicated professionals are specialised in numerous technological fields and business sectors. With our long-established reputation and proven track record, we build on our strengths to provide full-spectrum solutions. These range from mid-to large-sized private and public sector organisations globally. The company was incorporated in 2020 and has, over the past 4 years, become a highly successful business. With years of experience, we have teams of sales and marketing experts to continue our fast-growing and expanding business. Although based in the North of England, the directors believe the company is well placed to serve their worldwide client base efficiently. The extensive experience that both they and their staff have in the industry is to the benefit of both the company and its clients. There has no doubt been an increase in demand for IT services due to the global supply chain issues and the growing awareness of sustainability.



Directors

The director shown below has held office during the whole of the period from
1 January 2024 to 31 December 2024

Mike Reinold


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
15 April 2025

And signed on behalf of the board by:
Name: Mike Reinold
Status: Director

MERTON AGENCY LIMITED

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 13,672,429 8,685,303
Cost of sales: ( 6,642,197 ) ( 4,012,247 )
Gross profit(or loss): 7,030,232 4,673,056
Distribution costs: ( 812,658 ) ( 718,370 )
Administrative expenses: ( 1,438,812 ) ( 1,093,926 )
Operating profit(or loss): 4,778,762 2,860,760
Profit(or loss) before tax: 4,778,762 2,860,760
Tax: ( 1,194,691 ) ( 715,190 )
Profit(or loss) for the financial year: 3,584,071 2,145,570

MERTON AGENCY LIMITED

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Called up share capital not paid: 680,000 680,000
Fixed assets
Tangible assets: 3 1,334,823 1,207,168
Total fixed assets: 1,334,823 1,207,168
Current assets
Stocks: 4 1,082,606 230,106
Debtors: 5 194,274 124,363
Cash at bank and in hand: 1,138,324 681,167
Total current assets: 2,415,204 1,035,636
Creditors: amounts falling due within one year: 6 ( 165,956 ) ( 97,234 )
Net current assets (liabilities): 2,249,248 938,402
Total assets less current liabilities: 4,264,071 2,825,570
Total net assets (liabilities): 4,264,071 2,825,570
Capital and reserves
Called up share capital: 680,000 680,000
Profit and loss account: 3,584,071 2,145,570
Total Shareholders' funds: 4,264,071 2,825,570

The notes form part of these financial statements

MERTON AGENCY LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 15 April 2025
and signed on behalf of the board by:

Name: Mike Reinold
Status: Director

The notes form part of these financial statements

MERTON AGENCY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    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 eamed from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

MERTON AGENCY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 48 41

MERTON AGENCY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 1,451,680 1,451,680
Additions 372,167 372,167
Disposals
Revaluations
Transfers
At 31 December 2024 1,823,847 1,823,847
Depreciation
At 1 January 2024 244,512 244,512
Charge for year 244,512 244,512
On disposals
Other adjustments
At 31 December 2024 489,024 489,024
Net book value
At 31 December 2024 1,334,823 1,334,823
At 31 December 2023 1,207,168 1,207,168

MERTON AGENCY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Stocks

2024 2023
£ £
Stocks 1,082,606 230,106
Total 1,082,606 230,106

MERTON AGENCY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

2024 2023
£ £
Trade debtors 194,274 124,363
Total 194,274 124,363

MERTON AGENCY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 165,956 97,234
Total 165,956 97,234