Merchants Cars & Finance Limited
Registered number: 10976540
Balance Sheet
as at 29 September 2023
2023 2022
£ £
Fixed assets 1,214 1,638
Current assets 61,739 44,965
Creditors: amounts falling due within one year (32,120) (16,194)
Net current assets 29,619 28,771
Total assets less current liabilities 30,833 30,409
Creditors: amounts falling due after more than one year (36,655) (30,012)
Net (liabilities)/assets (5,822) 397
Capital and reserves (5,822) 397
Number Number
Average number of employees 2 2
Loan to director
During the year under review the company advanced £18,851 (net) (2022: £Nil) to the director. The maximum amount outstanding during the year was £38,427. The amount outstanding on 30 September 2023 was £18,851 (2022: £Nil).

The company charged the director interest of £652 at the Official rate of interest on this loan.
The company is a private company limited by shares and incorporated in England. Its registered office is 171 High Street, Kimpton, Hitchin, SG4 8QN.
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Merchant
Director
Approved by the board on 9 June 2025
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