REGISTERED NUMBER: 05951586 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

MERLIN ACCOUNTANCY & PAYROLL

SERVICES LTD

Page

Company Information

1

Report of the Directors

2

Statement of Income and Retained Earnings

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

S GITTUS

MRS E A THORNE

SECRETARY:

S GITTUS

REGISTERED OFFICE:

STAFFORDSHIRE KNOT

PINFOLD STREET

WEDNESBURY

WS10 8TE

REGISTERED NUMBER:

05951586 (England and Wales)

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

S GITTUS

MRS E A THORNE

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

S GITTUS - Director

1 June 2025

TURNOVER

321,568

327,016

Cost of sales

89,125

76,134

GROSS PROFIT

232,443

250,882

Administrative expenses

206,080

207,734

OPERATING PROFIT

4

26,363

43,148

Interest receivable and similar income

3,565

3,012

29,928

46,160

Interest payable and similar expenses

-

100

PROFIT BEFORE TAXATION

29,928

46,060

Tax on profit

9,474

8,737

PROFIT FOR THE FINANCIAL YEAR

20,454

37,323

Retained earnings at beginning of year

143,366

119,043

Dividends

5

(3,000

)

(13,000

)

RETAINED EARNINGS AT END OF YEAR

160,820

143,366

FIXED ASSETS

Intangible assets

6

-

20,000

CURRENT ASSETS

Debtors

7

197,782

186,071

Cash at bank and in hand

237,727

219,496

435,509

405,567

CREDITORS

Amounts falling due within one year

8

274,687

282,199

NET CURRENT ASSETS

160,822

123,368

TOTAL ASSETS LESS CURRENT LIABILITIES

160,822

143,368

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

160,820

143,366

SHAREHOLDERS' FUNDS

160,822

143,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 1 June 2025 and were signed on its behalf by:

S GITTUS - Director

1.	STATUTORY INFORMATION

MERLIN ACCOUNTANCY & PAYROLL SERVICES LTD 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being fully amortised in the current year.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2024 - 3 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31/3/25

31/3/24

£

£

Goodwill amortisation

20,000

-

5.

DIVIDENDS

31/3/25

31/3/24

£

£

ordinary shares of 1.00 each

Final

-

13,000

ORDINARY B share of 1.00

Final

3,000

-

3,000

13,000

6.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

20,000

Disposals

(20,000

)

At 31 March 2025

-

AMORTISATION

Amortisation for year

20,000

Eliminated on disposal

(20,000

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

20,000

7.

DEBTORS

31/3/25

31/3/24

£

£

Amounts falling due within one year:

Trade debtors

151,782

186,071

Amounts falling due after more than one year:

Allens bar loan

46,000

-

Aggregate amounts

197,782

186,071

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

13

10

Tax

9,474

8,737

VAT

9,266

8,998

HMRC - Client refunds

61,984

56,062

Directors' current accounts

193,950

208,392

274,687

282,199