MERCHASYLUM LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07769098

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		115,044		144,290

			115,044		144,290
CURRENT ASSETS
Stocks	5	2,050		2,050
Debtors	6	3,265		1,816
Cash at bank and in hand		1,302,172		1,287,696

		1,307,487		1,291,562
Creditors: Amounts Falling Due Within One Year	7	(169,681 )		(186,761 )

NET CURRENT ASSETS (LIABILITIES)			1,137,806		1,104,801

TOTAL ASSETS LESS CURRENT LIABILITIES			1,252,850		1,249,091

NET ASSETS			1,252,850		1,249,091

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			1,252,750		1,248,991

SHAREHOLDERS' FUNDS			1,252,850		1,249,091

Page 1

Page 2

MERCHASYLUM LTD

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit 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.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Jason Jones Director	Mr Daniel Rawle Director
16/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

MERCHASYLUM LTD Registered number 07769098 is a limited by shares company incorporated in England & Wales. The Registered Office is Unit E Llantrisant Business Park, Llantrisant, Pontyclun, RCT, CF72 8LF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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% reducing balance
Motor Vehicles	25% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2024	2023
Office and administration	2	2
Manufacturing	7	7

	9	9

Page 3

Page 4

MERCHASYLUM LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 January 2024	306,815	65,769	372,584
Additions	1,709	-	1,709

As at 31 December 2024	308,524	65,769	374,293

Depreciation
As at 1 January 2024	198,399	29,895	228,294
Provided during the period	21,987	8,968	30,955

As at 31 December 2024	220,386	38,863	259,249

Net Book Value
As at 31 December 2024	88,138	26,906	115,044

As at 1 January 2024	108,416	35,874	144,290

5. Stocks

	2024	2023
	£	£
Materials	2,050	2,050

6. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	2,265	1,816
Other debtors	1,000	-

	3,265	1,816

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	4,255	179
Corporation tax	26,384	66,679
Other taxes and social security	1,691	2,984
VAT	22,773	21,347
Net wages	10	-
Credit card payable	496	2,218
Pensions payable	920	738
Accruals and deferred income	43,695	28,443
Directors' loan accounts	69,457	64,173

	169,681	186,761

Page 4

Page 5

MERCHASYLUM LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Share Capital

	2024	2023
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

9. Dividends

	2024	2023
	£	£
On equity shares:
Final dividend paid	75,000	75,000

10. Ultimate Controlling Party

The company is controlled by Jason Jones and Daniel Rawle who own 100% of the issued share capital in the company.