MERCOL ENGINEERING LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T J Johnsen

V K Mehan

A M Otter

REGISTERED OFFICE:

Regent House

Lenton Street

Sandiacre

Nottingham

Nottinghamshire

NG10 5DJ

REGISTERED NUMBER:

05661393 (England and Wales)

SENIOR STATUTORY AUDITOR:

Hari Vasdev MEng FCA

AUDITORS:

Sibbalds Limited

Chartered Accountants and Statutory Auditor

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

CURRENT ASSETS

Debtors

4

26,185

30,643

Cash at bank

360

-

26,545

30,643

CREDITORS

Amounts falling due within one year

5

26,353

62,220

NET CURRENT ASSETS/(LIABILITIES)

192

(31,577

)

TOTAL ASSETS LESS CURRENT LIABILITIES

192

(31,577

)

CAPITAL AND RESERVES

Called up share capital

6

50

50

Retained earnings

142

(31,627

)

SHAREHOLDERS' FUNDS

192

(31,577

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

A M Otter - Director

1.	STATUTORY INFORMATION

Mercol Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

As explained in the Going Concern accounting policy note on page 9 to the financial statements, the company ceased trading in the prior year and the financial statements have been prepared on a basis other than the going concern basis. This basis included, where applicable, writing the company's assets down to net realisable value and re-classifying it's fixed assets to current assets held for sale. No provisions have been made for the future costs of terminating the business unless such costs were committed at the reporting date.

Related party exemption

The company is a wholly owned subsidiary. The company has taken advantage of the exemption within the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" not to disclose related party transactions entered into between fellow group members that are also wholly owned within the group.

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.

Going concern

The company ceased trading in the prior year and is therefore not a going concern and, as explained in the Basis of Preparation note above, the financial statements have been prepared on a basis other than the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

26,185

30,643

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

2,816

Trade creditors

3,001

4,080

Taxation and social security

16,139

51,824

Other creditors

7,213

3,500

26,353

62,220

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

Ordinary shares

£1

50

50

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

We draw your attention to the Going Concern accounting policy note to the financial statements which explains that the company has ceased trading therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements.Accordingly the financial statements have been prepared on the basis other than going concern as explained in the note.

Our opinion is not modified in respect of this matter.

Hari Vasdev MEng FCA (Senior Statutory Auditor)

for and on behalf of Sibbalds Limited

8.	OTHER FINANCIAL COMMITMENTS

The company has an undertaking to its bankers for full group security incorporating debentures and corporate guarantees for the group's borrowings dated 10 January 2017. The net amount outstanding to the bank in respect of the undertaking at 31 March 2025 was £NIL (2024 - £NIL).

The bank borrowings are secured by a fixed and floating charge over the assets of the group.

9.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Cooper Research Technology Limited. The company's ultimate parent company is Eagle Scientific Limited. Copies of the consolidated financial statements of Eagle Scientific Limited are available from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF4 3UZ. All three companies share the same registered office.