Mercylink Care Services Ltd

Mercylink Care Services Ltd
Contents Page
For the year ended 31 March 2025

Statement of financial position	1
Notes to the financial statements	2

Mercylink Care Services Ltd
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	238,384	189,409
		238,384	189,409
Current assets
Stocks		10,082	10,082
Debtors: amounts falling due within one year		653,519	533,650
Cash at bank and in hand		267,967	184,590
		931,568	728,322
Creditors: amount falling due within one year		(758,987)	(552,531)
Net current assets		172,581	175,791

Total assets less current liabilities		410,965	365,200
Creditors: amount falling due after more than one year		0	(9,992)
Net assets		410,965	355,208

Capital and reserves
Called up share capital	4	2	2
Profit and loss account		410,963	355,206
Shareholders' funds		410,965	355,208

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

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

The financial statements were approved by the board of directors on 09 December 2025 and were signed on its behalf by:

-------------------------------
Pius Olarewaju
Director

1

Mercylink Care Services Ltd
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

Mercylink Care Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 11243763, registration address 1048 High Road, Romford, Essex, RM6 4BB.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	20% Straight Line
Fixtures and Fittings	20% Straight Line
Computer Equipment	20% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 184 (2024 : 120).

3.

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 01 April 2024	222,921	40,047	17,117	280,085
Additions	112,820	959	17,462	131,241
Disposals	-	-	-	-
At 31 March 2025	335,741	41,006	34,579	411,326
Depreciation
At 01 April 2024	72,484	14,769	3,423	90,676
Charge for year	67,149	8,201	6,916	82,266
On disposals	-	-	-	-
At 31 March 2025	139,633	22,970	10,339	172,942
Net book values
Closing balance as at 31 March 2025	196,108	18,036	24,240	238,384
Opening balance as at 01 April 2024	150,437	25,278	13,694	189,409

4.

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
2 Class A shares of £1.00 each	2		2
	2		2

2

Registered Number: 11243763
England and Wales
MERCYLINK CARE SERVICES LTD

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025