REGISTERED NUMBER: 09989143 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Mersey Tape Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr John Garner

REGISTERED OFFICE:

22 Thingwall Lane

Liverpool

L14 7NX

REGISTERED NUMBER:

09989143 (England and Wales)

ACCOUNTANTS:

LJS Accounting Services (UK) Ltd

Unit 5, 1st Floor

Connect Business Village

24 Derby Road

Liverpool

Merseyside

L5 9PR

FIXED ASSETS

Tangible assets

4

10,015

13,353

CURRENT ASSETS

Debtors

5

1,600

2,621

Cash at bank

1,701

4,075

3,301

6,696

CREDITORS

Amounts falling due within one year

6

(277

)

(3,569

)

NET CURRENT ASSETS

3,578

10,265

TOTAL ASSETS LESS CURRENT LIABILITIES

13,593

23,618

PROVISIONS FOR LIABILITIES

7

-

2,537

NET ASSETS

13,593

21,081

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

13,493

20,981

SHAREHOLDERS' FUNDS

13,593

21,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 15 August 2025 and were signed by:

Mr John Garner - Director

1.	STATUTORY INFORMATION

Mersey Tape 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.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 March 2024

and 28 February 2025

1,536

17,599

19,135

DEPRECIATION

At 1 March 2024

1,382

4,400

5,782

Charge for year

38

3,300

3,338

At 28 February 2025

1,420

7,700

9,120

NET BOOK VALUE

At 28 February 2025

116

9,899

10,015

At 29 February 2024

154

13,199

13,353

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

VAT

1,600

2,621

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Tax

-

5,421

Social security and other taxes

(13,796

)

(18,894

)

Directors' current accounts

12,829

9,229

Accrued expenses

690

675

(277

)

(3,569

)

7.	PROVISIONS FOR LIABILITIES

28.2.25

29.2.24

£

£

Deferred tax

-

2,537

Deferred

tax

£

Balance at 1 March 2024

2,537

Provided during year

(2,537

)

Balance at 28 February 2025

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 March 2024

20,981

Deficit for the year

(7,488

)

At 28 February 2025

13,493