REGISTERED NUMBER: 05354236 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

MerMec UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Pepe

A Petrosillo

SECRETARY:

P R Angelillo

REGISTERED OFFICE:

The Mills

Canal Street

Derby

Derbyshire

DE1 2RJ

REGISTERED NUMBER:

05354236 (England and Wales)

AUDITORS:

Bates Weston Audit Ltd

Statutory Auditors

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

1,085

-

CURRENT ASSETS

Debtors

5

66,443

37,550

Cash at bank

182,211

235,819

248,654

273,369

CREDITORS

Amounts falling due within one year

6

217,348

103,741

NET CURRENT ASSETS

31,306

169,628

TOTAL ASSETS LESS CURRENT LIABILITIES

32,391

169,628

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

32,390

169,627

SHAREHOLDERS' FUNDS

32,391

169,628

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

D Pepe - Director

1.	STATUTORY INFORMATION

MerMec UK 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.

Going concern

MerMec UK Ltd is part of a large group in Europe and as is normal the Group continues to review the structure on an ongoing basis meaning there is the potential for group reorganisations in the future. The current and future funding sources will be more than adequate for the company's needs. Accordingly, the going concern basis has been adopted in the financial statements.

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of services to customers during the year. Income from contracts is recognised on a straight-line basis across the length of the contract.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment loss. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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

Computer Equipment

- 20% on cost

The assets' residual values, useful lives and the depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administrative expenses' in the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax arises from timing differences between taxable total profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences and losses can be deducted.

Provision is made at current rates for taxation deferred in respect of all material timing differences.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as an expense when they fall due. Amounts not paid are shown in accruals on the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Related parties

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned entities within the group.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

1,257

At 31 December 2024

1,257

DEPRECIATION

Charge for year

172

At 31 December 2024

172

NET BOOK VALUE

At 31 December 2024

1,085

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

22,147

25,049

Other debtors

1,425

1

Prepayments and accrued income

1,871

-

25,443

25,050

Amounts falling due after more than one year:

Deferred tax

41,000

12,500

Aggregate amounts

66,443

37,550

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

2,420

305

Amounts owed to group undertakings

164,159

74,195

Social security and other taxes

20,553

18,380

Other creditors

25,668

-

Accrued expenses

4,548

10,861

217,348

103,741

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Wayne Thomas FCA (Senior Statutory Auditor)

for and on behalf of Bates Weston Audit Ltd

8.	PARENT COMPANY

MER MEC S.p.A is the parent of the smallest group for which consolidated financial statements are prepared. Its registered address is Via Oberdan, 70, 70043 Monopoli (BA), Italy.