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STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS

All of the members of The Merit Badge & Regalia Company Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER: 02644046

THE MERIT BADGE & REGALIA COMPANY LIMITED

FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 August 2025

THE MERIT BADGE & REGALIA COMPANY LIMITED

REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF THE MERIT BADGE & REGALIA COMPANY LIMITED

YEAR ENDED 31 AUGUST 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of The Merit Badge & Regalia Company Limited for the year ended 31 August 2025, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.
LANGARD LIFFORD HALL LIMITED Accountants and Registered Auditors
Lifford Hall Lifford Lane Kings Norton Birmingham B30 3JN
8 October 2025

THE MERIT BADGE & REGALIA COMPANY LIMITED

ABRIDGED STATEMENT OF FINANCIAL POSITION

31 August 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 54,057 |  | 91,294

Current assets

Stocks | 21,099 |  | 15,983 |
Debtors | 43,960 |  | 228,994 |
Cash at bank and in hand | 300,483 |  | 194,440 |
| ------------ |  | ------------ |
| 365,542 |  | 439,417 |

Creditors: amounts falling due within one year | 212,193 |  | 243,007 |
| ------------ |  | ------------ |
Net current assets |  | 153,349 |  | 196,410
|  | ------------ |  | ------------
Total assets less current liabilities |  | 207,406 |  | 287,704
|  | ------------ |  | ------------
Net assets |  | 207,406 |  | 287,704
|  | ------------ |  | ------------

Capital and reserves

Called up share capital |  | 50,000 |  | 50,000
Other reserves |  | 12,500 |  | 12,500
Profit and loss account |  | 144,906 |  | 225,204
|  | ------------ |  | ------------
Shareholders funds |  | 207,406 |  | 287,704
|  | ------------ |  | ------------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

THE MERIT BADGE & REGALIA COMPANY LIMITED

ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)

31 August 2025
These abridged financial statements were approved by the board of directors and authorised for issue on 8 October 2025 , and are signed on behalf of the board by:

T D E Sabel |
Director |

Company registration number: 02644046

THE MERIT BADGE & REGALIA COMPANY LIMITED

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2025
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 George Baylis Road, Droitwich, Worcestershire, WR9 9RB.
2. Statement of Compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of preparation
The abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange rate differences are taken into account in arriving at the operating profit.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Leasehold property improvements | - | 5% straight line
| Plant and machinery | - | 10% straight line
| Motor vehicles | - | 25% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 8 (2024: 10 ).
5. Tangible Assets

| £
Cost |
At 1 September 2024 | 768,618
Additions | 6,505
| ------------
At 31 August 2025 | 775,123
| ------------
Depreciation |
At 1 September 2024 | 677,324
Charge for the year | 43,742
| ------------
At 31 August 2025 | 721,066
| ------------
Carrying amount |
At 31 August 2025 | 54,057
| ------------
At 31 August 2024 | 91,294
| ------------

6. Director's Advances, Credits and Guarantees
Amounts owed to the director at the year end are included in creditors and amounted to £76,900 (2024: £33,000).