Mersey Vent Limited

Mersey Vent Limited
Statement of Financial Position
As at 31 March 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	64,646	85,949
		64,646	85,949
Current assets
Stocks	4	457,250	452,250
Debtors	5	1,793,816	1,942,881
Cash at bank and in hand		6,524	281
		2,257,590	2,395,412
Creditors: amount falling due within one year	6	(1,932,131)	(2,071,053)
Net current assets		325,459	324,359

Total assets less current liabilities		390,105	410,308
Creditors: amount falling due after more than one year	7	(16,669)	(87,192)
Provisions for liabilities	8	(21,564)	(21,564)
Net assets		351,872	301,552

Capital and reserves
Called up share capital	9	400	400
Profit and loss account		351,472	301,152
Shareholders' funds		351,872	301,552

For the year ended 31 March 2026 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 financial statements were approved by the board of directors on 21 April 2026 and were signed on its behalf by:

-------------------------------
Victoria Bennett
Director

Mersey Vent Limited
Notes to the Financial Statements
For the year ended 31 March 2026

General Information

Mersey Vent Limited is a private company, limited by shares, registered in England and Wales, registration number 07221990, registration address Mersey View Road, Halebank, Widnes, Cheshire, WA8 8LP.

The presentation currency is £ sterling.

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.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

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:

Plant and Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance

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.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 18 (2025 : 18).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£	£
At 01 April 2025	131,110	123,952	333,732	588,794
Additions	245	-	-	245
Disposals	-	-	-	-
At 31 March 2026	131,355	123,952	333,732	589,039
Depreciation
At 01 April 2025	128,935	88,518	285,392	502,845
Charge for year	605	8,858	12,085	21,548
On disposals	-	-	-	-
At 31 March 2026	129,540	97,376	297,477	524,393
Net book values
Closing balance as at 31 March 2026	1,815	26,576	36,255	64,646
Opening balance as at 01 April 2025	2,175	35,434	48,340	85,949

Stocks

	2026 £		2025 £
Stocks	457,250		452,250
	457,250		452,250

Debtors: amounts falling due within one year

	2026 £	2025 £
Trade Debtors	1,108,505	1,215,660
Other Debtors	685,311	727,221
	1,793,816	1,942,881

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	598,838	606,417
Bank Loans & Overdrafts	-	37,617
PAYE & Social Security	-	130,916
Accrued Expenses	3,320	3,320
Other Creditors	861,346	871,718
Directors' Current Accounts	391,306	365,712
VAT	77,321	55,353
	1,932,131	2,071,053

Creditors: amount falling due after more than one year

	2026 £		2025 £
Bank Loans & Overdrafts	16,669		87,192
	16,669		87,192

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	21,564		21,564
	21,564		21,564

Share Capital

Authorised
60 Ordinary shares of £1.00 each
30 Ordinary-A shares of £1.00 each
5 Ordinary-B shares of £1.00 each
5 Ordinary-C shares of £1.00 each
300 Ordinary D shares of £1.00 each

Allotted, called up and fully paid	2026 £	2025 £
60 Ordinary shares of £1.00 each	60	60
30 Ordinary-A shares of £1.00 each	30	30
5 Ordinary-B shares of £1.00 each	5	5
5 Ordinary-C shares of £1.00 each	5	5
300 Ordinary D shares of £1.00 each	300	300
	400	400

Registered Number: 07221990
England and Wales
Filleted Accounts

for the year ended 31 March 2026
for
MERSEY VENT LIMITED