Acorah Software Products - Accounts Production 16.8.310 false true true 31 January 2024 1 February 2023 true No description of principal activity 1 February 2024 31 January 2025 31 January 2025 04143968 Mr Sassan Alavi Mr Javid Alavi Mr Sassan Alavi iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04143968 2024-01-31 04143968 2025-01-31 04143968 2024-02-01 2025-01-31 04143968 frs-core:CurrentFinancialInstruments 2025-01-31 04143968 frs-core:Non-currentFinancialInstruments 2025-01-31 04143968 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-31 04143968 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-01 2025-01-31 04143968 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-31 04143968 frs-core:MotorVehicles 2025-01-31 04143968 frs-core:MotorVehicles 2024-02-01 2025-01-31 04143968 frs-core:MotorVehicles 2024-01-31 04143968 frs-core:PlantMachinery 2025-01-31 04143968 frs-core:PlantMachinery 2024-02-01 2025-01-31 04143968 frs-core:PlantMachinery 2024-01-31 04143968 frs-core:ShareCapital 2025-01-31 04143968 frs-core:RetainedEarningsAccumulatedLosses 2024-02-01 2025-01-31 04143968 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 04143968 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 04143968 frs-bus:FullAccounts 2024-02-01 2025-01-31 04143968 frs-bus:SmallEntities 2024-02-01 2025-01-31 04143968 frs-bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 04143968 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 04143968 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-02-01 2025-01-31 04143968 frs-bus:Director1 2024-02-01 2025-01-31 04143968 frs-bus:Director2 2024-02-01 2025-01-31 04143968 frs-bus:CompanySecretary1 2024-02-01 2025-01-31 04143968 frs-countries:EnglandWales 2024-02-01 2025-01-31 04143968 2023-01-31 04143968 2024-01-31 04143968 2023-02-01 2024-01-31 04143968 frs-core:CurrentFinancialInstruments 2024-01-31 04143968 frs-core:Non-currentFinancialInstruments 2024-01-31 04143968 frs-core:ShareCapital 2023-01-31 04143968 frs-core:ShareCapital 2024-01-31 04143968 frs-core:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 04143968 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-01-31 04143968 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 04143968
Merc Clothing Limited
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 January 2025
Merc Clothing Limited
Contents
Contents

| Page
--- | ---
Company Information | 1
Directors' Report | 2
Accountant's Report | 3
Profit and Loss Account | 4
Balance Sheet | 5
Statement of Changes in Equity | 6
Notes to the Financial Statements | 7—10

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Merc Clothing Limited
Company Information
For The Year Ended 31 January 2025
Company Information

Directors | Mr Sassan Alavi
| Mr Javid Alavi
Secretary | Mr Sassan Alavi
Company Number | 04143968
Registered Office | 15 Hanover Street
| London
| London
| W1S 1YJ
Business | c/o Yellow Storage
| 380 Richmond Road
| Kingston Upon Thanes
| Surrey
| KT2 5PR
Accountants | BEFREE GLOBAL LIMITED
| 86-90 Paul Street
| London
| EC2A 4NE
Bankers | Royal Bank of Scotland
| 49 Charing Cross
| London
| SW1A 2DX

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Merc Clothing Limited
Company No. 04143968
Directors' Report For The Year Ended 31 January 2025
Directors' Report
The directors present their report and the financial statements for the year ended 31 January 2025.
Directors
The directors who held office during the year were as follows:

Mr Sassan Alavi
Mr Javid Alavi

Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board

Mr Sassan Alavi Director
06/03/2026

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Merc Clothing Limited
Accountant's Report
For The Year Ended 31 January 2025
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 January 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Jignesh Kanabar
06/03/2026

86-90 Paul Street
London
EC2A 4NE
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Merc Clothing Limited
Profit and Loss Account
For The Year Ended 31 January 2025
Profit and Loss Account

| 2025 |  | 2024
--- | --- | --- | ---
| Notes | £ |  | £
TURNOVER |  | 785,835 |  | 900,453
Cost of sales |  | (296,384 ) |  | (428,482 )
GROSS PROFIT |  | 489,451 |  | 471,971
Distribution costs |  | (107,013 ) |  | (99,566 )
Administrative expenses |  | (369,478 ) |  | (554,987 )
OPERATING PROFIT/(LOSS) |  | 12,960 |  | (182,582 )
Profit on disposal of fixed assets |  | 917 |  | -
Interest payable and similar charges |  | (16,329 ) |  | (9,059 )
LOSS FOR THE FINANCIAL YEAR |  | (2,452 ) |  | (191,641 )

The notes on pages 7 to 10 form part of these financial statements.
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Merc Clothing Limited
Balance Sheet
As At 31 January 2025
Balance Sheet

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 1,312 |  | 1,749
|  |  | 1,312 |  | 1,749
CURRENT ASSETS
Stocks | 6 | 664,717 |  | 678,814 |
Debtors | 7 | 95,664 |  | 159,825 |
Cash at bank and in hand |  | 12,450 |  | 39,541 |
|  | 772,831 |  | 878,180 |
Creditors: Amounts Falling Due Within One Year | 8 | (261,883 ) |  | (335,088 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 510,948 |  | 543,092
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 512,260 |  | 544,841
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (562,211 ) |  | (592,340 )
NET LIABILITIES |  |  | (49,951 ) |  | (47,499 )
CAPITAL AND RESERVES
Called up share capital | 10 |  | 794,139 |  | 794,139
Profit and Loss Account |  |  | (844,090 ) |  | (841,638 )
SHAREHOLDERS' FUNDS |  |  | (49,951) |  | (47,499)

For the year ending 31 January 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board

Mr Sassan Alavi Director
06/03/2026

The notes on pages 7 to 10 form part of these financial statements.
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Merc Clothing Limited
Statement of Changes in Equity
For The Year Ended 31 January 2025
Statement of Changes in Equity

| Share Capital | Profit and Loss Account | Total
--- | --- | --- | ---
| £ | £ | £
As at 1 February 2023 | 794,139 | (649,997 ) | 144,142
Loss for the year and total comprehensive income | - | (191,641 ) | (191,641)
As at 31 January 2024 and 1 February 2024 | 794,139 | (841,638 ) | (47,499)
Loss for the year and total comprehensive income | - | (2,452 ) | (2,452)
As at 31 January 2025 | 794,139 | (844,090 ) | (49,951)

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Merc Clothing Limited
Notes to the Financial Statements
For The Year Ended 31 January 2025
Notes to the Financial Statements
1. General Information
Merc Clothing Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04143968 . The registered office is 15 Hanover Street, London, London, W1S 1YJ.
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.
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Going Concern Disclosure
The financial statements have been prepared on the going concern basis. Despite the company's current Financial position, the directors and shareholders have committed to providing ongoing financial support. This support includes:
Deferral of Liabilities: Certain liabilities, including loans and trade payables, will be deferred or renegotiated to alleviate immediate financial pressures.
Operational Adjustments: The company will implement cost-saving measures and operational efficiencies to improve its financial position.
The directors have assessed the company's financial forecasts and believe that, with this support, the company will be able to continue its operations for the foreseeable future.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets was Websit Development. It is amortised to the profit and loss account over its estimated economic life of 4 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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 | 25% reducing balance

2.6. 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.
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Merc Clothing Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
2.7. Financial Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 6)
4 6
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Merc Clothing Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
4. Intangible Assets

| Development Costs
--- | ---
| £
Cost
As at 1 February 2024 | 35,325
As at 31 January 2025 | 35,325
Amortisation
As at 1 February 2024 | 35,325
As at 31 January 2025 | 35,325
Net Book Value
As at 31 January 2025 | -
As at 1 February 2024 | -

5. Tangible Assets

| Plant & Machinery | Motor Vehicles | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 February 2024 | 80,853 | 4,500 | 85,353
Disposals | - | (4,500 ) | (4,500 )
As at 31 January 2025 | 80,853 | - | 80,853
Depreciation
As at 1 February 2024 | 79,104 | 4,500 | 83,604
Provided during the period | 437 | - | 437
Disposals | - | (4,500 ) | (4,500 )
As at 31 January 2025 | 79,541 | - | 79,541
Net Book Value
As at 31 January 2025 | 1,312 | - | 1,312
As at 1 February 2024 | 1,749 | - | 1,749

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 664,717 |  | 678,814

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 94,486 |  | 134,882
Other debtors | 1,178 |  | 24,943
| 95,664 |  | 159,825

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Merc Clothing Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | (3,127 ) |  | 84,672
Bank loans and overdrafts | 52,447 |  | 97,824
Other loans | 57,149 |  | 2,448
Other creditors | 73,015 |  | 68,658
Taxation and social security | 82,399 |  | 81,486
| 261,883 |  | 335,088

9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 17,622 |  | 51,878
Other creditors | 544,589 |  | 540,462
| 562,211 |  | 592,340

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 794,139 |  | 794,139

11. Related Party Transactions
As at the balance sheet date a balance of £544,589 was owed to Merc Investments Limited (formerly Crownwest Limited) (2024 - £540,462), a Company registered in England and Wales, of which Mr Javid Alavi is a Director.
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