Mercia Export Enterprises Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02465123 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

MERCIA EXPORT ENTERPRISES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Sahil Aggarwal

Mr Rajan Aggarwal

Mr Keval Krishnan Aggarwal

SECRETARY:

Mr Rajan Aggarwal

REGISTERED OFFICE:

76 St.Nicolas Park Drive

Nuneaton

Warwickshire

CV11 6DJ

REGISTERED NUMBER:

02465123 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

6,221

10,594

Investments

6

650,000

656,221

660,594

CURRENT ASSETS

Debtors

7

231,731

302,218

Cash at bank

50,067

12,410

281,798

314,628

CREDITORS

Amounts falling due within one year

8

452,998

481,522

NET CURRENT LIABILITIES

(171,200

)

(166,894

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

485,021

493,700

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

484,021

492,700

SHAREHOLDERS' FUNDS

485,021

493,700

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 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 and authorised for issue by the Board of Directors and authorised for issue on 9 October 2025 and were signed on its behalf by:

Mr Rajan Aggarwal - Director

1.	STATUTORY INFORMATION

Mercia Export Enterprises 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below

Preparation of consolidated financial statements

The financial statements contain information about Mercia Export Enterprises Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents the net invoiced sales of goods excluding value added tax where appropriate. The Company exports goods to various countries and the sale becomes valid at the point of despatch.

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.

Trademark costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Office equipment

-

15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Trademark

costs

£

COST

At 1 March 2024

and 28 February 2025

2,524

AMORTISATION

At 1 March 2024

and 28 February 2025

2,524

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

-

5.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 March 2024

and 28 February 2025

32,713

DEPRECIATION

At 1 March 2024

22,119

Charge for year

4,373

At 28 February 2025

26,492

NET BOOK VALUE

At 28 February 2025

6,221

At 29 February 2024

10,594

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 March 2024

and 28 February 2025

650,000

NET BOOK VALUE

At 28 February 2025

650,000

At 29 February 2024

650,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors-exports ....

200,751

279,696

Directors' current accounts

53

52

VAT

14,333

22,470

Prepayments

16,594

-

231,731

302,218

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other loans

17,627

21,500

Trade creditors

28,604

53,528

Amounts owed to group undertakings

402,386

Social security and other taxes

1,330

1,333

Other creditors

186

-

Directors' current accounts

1

-

Accrued expenses

2,864

2,775

452,998

481,522

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed its wholly owned subsidiary £402,386 (2024: £402,386).