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REGISTERED NUMBER: 08142849 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 December 2024

for

Marchant Schmidt Europe Limited

Marchant Schmidt Europe Limited (Registered number: 08142849)






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


Marchant Schmidt Europe Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R F Schmidt
P Bevan





REGISTERED OFFICE: Unit D3
Sapphire Court
Isidore Road
Bromsgrove
Worcestershire
B60 3FL





REGISTERED NUMBER: 08142849 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Marchant Schmidt Europe Limited (Registered number: 08142849)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 159,887 206,044
159,887 206,044

CURRENT ASSETS
Stocks 382,239 1,132,560
Debtors 6 484,089 975,184
Cash at bank and in hand 1,193,685 571,487
2,060,013 2,679,231
CREDITORS
Amounts falling due within one year 7 869,459 1,771,731
NET CURRENT ASSETS 1,190,554 907,500
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,350,441

1,113,544

CREDITORS
Amounts falling due after more than one year 8 7,844 40,121
NET ASSETS 1,342,597 1,073,423

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 149,000 149,000
Retained earnings 1,192,597 923,423
SHAREHOLDERS' FUNDS 1,342,597 1,073,423

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 directors acknowledge their 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.

Marchant Schmidt Europe Limited (Registered number: 08142849)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:





R F Schmidt - Director


Marchant Schmidt Europe Limited (Registered number: 08142849)

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

1. STATUTORY INFORMATION

Marchant Schmidt Europe 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 6 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Marchant Schmidt Europe Limited (Registered number: 08142849)

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

2. ACCOUNTING POLICIES - continued

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.

Deferred government grants
Deferred government grants in respect of capital expenditure are treated as deferred income and are released to the profit and loss account over the estimated life of the assets to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 70,000
AMORTISATION
At 1 January 2024
and 31 December 2024 70,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 108,442 266,088 57,405
Additions - 1,230 2,907
Disposals - - -
At 31 December 2024 108,442 267,318 60,312
DEPRECIATION
At 1 January 2024 100,946 107,371 36,229
Charge for year 7,495 31,744 4,816
Eliminated on disposal - - -
At 31 December 2024 108,441 139,115 41,045
NET BOOK VALUE
At 31 December 2024 1 128,203 19,267
At 31 December 2023 7,496 158,717 21,176

Marchant Schmidt Europe Limited (Registered number: 08142849)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 41,572 41,786 515,293
Additions - 4,019 8,156
Disposals (19,670 ) - (19,670 )
At 31 December 2024 21,902 45,805 503,779
DEPRECIATION
At 1 January 2024 37,871 26,832 309,249
Charge for year 731 8,749 53,535
Eliminated on disposal (18,892 ) - (18,892 )
At 31 December 2024 19,710 35,581 343,892
NET BOOK VALUE
At 31 December 2024 2,192 10,224 159,887
At 31 December 2023 3,701 14,954 206,044

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 384,614 886,881
Other debtors 99,475 88,303
484,089 975,184

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 32,277 32,277
Trade creditors 110,365 107,947
Taxation and social security 165,748 151,115
Other creditors 561,069 1,480,392
869,459 1,771,731

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 7,844 40,121

9. OTHER FINANCIAL COMMITMENTS

As at 31st December 2024 the company had commitments under leases totalling £122,011 (2023: £93,844)

Marchant Schmidt Europe Limited (Registered number: 08142849)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
R F Schmidt
Balance outstanding at start of year 40,501 -
Amounts advanced 53,586 40,501
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 94,087 40,501