REGISTERED NUMBER: 01033933 (England and Wales)

Unaudited Financial Statements

for the Year Ended

30 September 2024

for

Mercian Preservation Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K A Murray

A J Murray

D Whitehouse

REGISTERED OFFICE:

Cinder Bank

Netherton

Dudley

West Midlands

DY2 9BH

REGISTERED NUMBER:

01033933 (England and Wales)

ACCOUNTANTS:

Nicklin Accountancy Services Limited

Chartered Accountants

Church Court

Stourbridge Road

Halesowen

West Midlands

B63 3TT

FIXED ASSETS

Tangible assets

4

115,707

110,025

CURRENT ASSETS

Stocks

2,291

14,950

Debtors

5

189,808

154,107

Cash at bank and in hand

63,307

78,683

255,406

247,740

CREDITORS

Amounts falling due within one year

6

58,134

64,897

NET CURRENT ASSETS

197,272

182,843

TOTAL ASSETS LESS CURRENT LIABILITIES

312,979

292,868

CAPITAL AND RESERVES

Called up share capital

1,500

1,500

Revaluation reserve

7

20,932

20,932

Retained earnings

290,547

270,436

SHAREHOLDERS' FUNDS

312,979

292,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 19 August 2025 and were signed on its behalf by:

A J Murray - Director

1.	STATUTORY INFORMATION

Mercian Preservation 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

(see below)

Plant and machinery

-

33% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

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.

Pension costs and other post-retirement benefits

Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme.

Freehold property

No depreciation is provided on freehold buildings as it is the company's policy to maintain its property in good condition to preserve its residual value such that any depreciation is immaterial. Maintenance is regularly undertaken and charged to profit and loss account.

The company has followed the transitional provisions to retain the book value of Land and buildings which were revalued in 1996, but not to adopt the policy of revaluation in the future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST OR VALUATION

At 1 October 2023

67,532

48,209

48,104

105,879

269,724

Additions

-

-

-

33,197

33,197

Disposals

-

-

-

(42,195

)

(42,195

)

At 30 September 2024

67,532

48,209

48,104

96,881

260,726

DEPRECIATION

At 1 October 2023

-

48,209

48,104

63,386

159,699

Charge for year

-

-

-

19,376

19,376

Eliminated on disposal

-

-

-

(34,056

)

(34,056

)

At 30 September 2024

-

48,209

48,104

48,706

145,019

NET BOOK VALUE

At 30 September 2024

67,532

-

-

48,175

115,707

At 30 September 2023

67,532

-

-

42,493

110,025

Cost or valuation at 30 September 2024 is represented by:

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Cost

67,532

48,209

48,104

96,881

260,726

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

46,600

46,600

Value of land in freehold land and buildings

22,532

22,532

Land and buildings were valued on open market basis basis on 30 September 1996 by Mr K A Murray .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

181,622

152,302

Other debtors

8,186

1,805

189,808

154,107

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

13,441

32,282

Taxation and social security

36,087

23,658

Other creditors

8,606

8,957

58,134

64,897

7.

RESERVES

Revaluation

reserve

£

At 1 October 2023

and 30 September 2024

20,932