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REGISTERED NUMBER: 06970896 (England and Wales)











Mercia Retail Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2025






Mercia Retail Ltd (Registered number: 06970896)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Mercia Retail Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTOR: G E B Morrell





SECRETARY: N S Morrell





REGISTERED OFFICE: 1 Tenbury Road
Cleobury Mortimer
Kidderminster
Worcestershire
DY14 8RB





REGISTERED NUMBER: 06970896 (England and Wales)





ACCOUNTANTS: Streets Dyke Ruscoe Ltd
110 Corve Street
Ludlow
SHROPSHIRE
SY8 1DJ

Mercia Retail Ltd (Registered number: 06970896)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 38,350 46,872
Tangible assets 5 29,453 32,542
67,803 79,414

CURRENT ASSETS
Stocks 60,780 65,157
Debtors 6 180,103 100,039
Cash at bank and in hand 35,956 28,001
276,839 193,197
CREDITORS
Amounts falling due within one year 7 156,945 184,694
NET CURRENT ASSETS 119,894 8,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,697

87,917

CREDITORS
Amounts falling due after more than one
year

8

(136,044

)

(28,619

)

PROVISIONS FOR LIABILITIES 9 - (488 )
NET ASSETS 51,653 58,810

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 51,553 58,710
SHAREHOLDERS' FUNDS 51,653 58,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Mercia Retail Ltd (Registered number: 06970896)

Balance Sheet - continued
31 March 2025


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 director and authorised for issue on 3 August 2025 and were signed by:





G E B Morrell - Director


Mercia Retail Ltd (Registered number: 06970896)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Mercia Retail Ltd 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 2009, is being amortised evenly over its estimated useful life of twenty 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 - 15% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

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 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.

Mercia Retail Ltd (Registered number: 06970896)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

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 13 (2024 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 170,445
AMORTISATION
At 1 April 2024 123,573
Charge for year 8,522
At 31 March 2025 132,095
NET BOOK VALUE
At 31 March 2025 38,350
At 31 March 2024 46,872

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2024 26,791 12,105 85,272
Additions - 995 -
Disposals (5,750 ) (84 ) -
At 31 March 2025 21,041 13,016 85,272
DEPRECIATION
At 1 April 2024 16,840 6,875 72,908
Charge for year 337 1,198 2,473
Eliminated on disposal (5,750 ) (42 ) -
At 31 March 2025 11,427 8,031 75,381
NET BOOK VALUE
At 31 March 2025 9,614 4,985 9,891
At 31 March 2024 9,951 5,230 12,364

Mercia Retail Ltd (Registered number: 06970896)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 10,947 3,193 138,308
Additions - 1,327 2,322
Disposals - - (5,834 )
At 31 March 2025 10,947 4,520 134,796
DEPRECIATION
At 1 April 2024 7,483 1,660 105,766
Charge for year 866 495 5,369
Eliminated on disposal - - (5,792 )
At 31 March 2025 8,349 2,155 105,343
NET BOOK VALUE
At 31 March 2025 2,598 2,365 29,453
At 31 March 2024 3,464 1,533 32,542

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 2,596 17,096
Other debtors 159,648 68,982
Prepayments 17,859 13,961
180,103 100,039

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 31,196 53,890
Trade creditors 84,637 82,169
Social security and other taxes 5,736 5,973
VAT 5,253 9,444
Other creditors 5,580 7,694
Directors' current accounts 16,732 13,537
Accrued expenses 7,811 11,987
156,945 184,694

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 2-5 years 136,044 28,619

Mercia Retail Ltd (Registered number: 06970896)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax - 488

Deferred
tax
£   
Balance at 1 April 2024 488
Credit to Income Statement during year (488 )
Balance at 31 March 2025 -

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Mercia Retail Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mercia Retail Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Mercia Retail Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mercia Retail Ltd and state those matters that we have agreed to state to the director of Mercia Retail Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Mercia Retail Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mercia Retail Ltd. You consider that Mercia Retail Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mercia Retail Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Streets Dyke Ruscoe Ltd
110 Corve Street
Ludlow
SHROPSHIRE
SY8 1DJ


3 August 2025