MERXIN LTD

Company Registration Number:
09906813 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

MERXIN LTD

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

MERXIN LTD

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Called up share capital not paid: 1 1
Fixed assets
Tangible assets: 3 227,706 153,884
Investments: 4 68,000 0
Total fixed assets: 295,706 153,884
Current assets
Debtors:   444,036 633,594
Cash at bank and in hand: 3,308,899 5,336,071
Total current assets: 3,752,935 5,969,665
Creditors: amounts falling due within one year:   (2,582,568) (4,153,433)
Net current assets (liabilities): 1,170,367 1,816,232
Total assets less current liabilities: 1,466,074 1,970,117
Total net assets (liabilities): 1,466,074 1,970,117
Capital and reserves
Called up share capital: 11 11
Profit and loss account: 1,466,063 1,970,106
Shareholders funds: 1,466,074 1,970,117

The notes form part of these financial statements

MERXIN LTD

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2025
and signed on behalf of the board by:

Name: Graham Purkins
Status: Director

The notes form part of these financial statements

MERXIN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant & Machinery 20% RB Computer Equipment 33% RB

MERXIN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 15 12

MERXIN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 391,413
Additions 145,066
Disposals (4,570)
At 31 December 2024 531,909
Depreciation
At 01 January 2024 237,529
Charge for year 70,083
On disposals (3,409)
At 31 December 2024 304,203
Net book value
At 31 December 2024 227,706
At 31 December 2023 153,884

MERXIN LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Fixed investments

5. Investments Unlisted Cost or Valuation As at 1 January 2024 - 0 Additions 68,000 As at 31 December 2024 68,000