REGISTERED NUMBER: 10193769 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2026

for

Mercury Carpets & Flooring Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R P Jenkins

S G Lewis

REGISTERED OFFICE:

29 Ystrad Road

Swansea

SA5 4LH

REGISTERED NUMBER:

10193769 (England and Wales)

ACCOUNTANTS:

DGL Accountancy Services Limited

Chartered Certified Accountants

35 Hen Parc Avenue

Upper Killay

Swansea

SA2 7HA

FIXED ASSETS

Tangible assets

4

2,694

3,593

CURRENT ASSETS

Stocks

43,860

37,587

Debtors

5

2,231

4,706

Cash at bank

30,629

66,275

76,720

108,568

CREDITORS

Amounts falling due within one year

6

28,577

47,630

NET CURRENT ASSETS

48,143

60,938

TOTAL ASSETS LESS CURRENT LIABILITIES

50,837

64,531

PROVISIONS FOR LIABILITIES

7

510

680

NET ASSETS

50,327

63,851

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

50,227

63,751

50,327

63,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2026 and were signed on its behalf by:

R P Jenkins - Director

S G Lewis - Director

1.	STATUTORY INFORMATION

Mercury Carpets & Flooring 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2025 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 June 2025

and 31 May 2026

1,079

13,595

934

15,608

DEPRECIATION

At 1 June 2025

968

10,343

704

12,015

Charge for year

28

813

58

899

At 31 May 2026

996

11,156

762

12,914

NET BOOK VALUE

At 31 May 2026

83

2,439

172

2,694

At 31 May 2025

111

3,252

230

3,593

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Trade debtors

1,417

3,837

Other debtors

814

869

2,231

4,706

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Trade creditors

5,370

5,857

Taxation and social security

12,554

31,657

Other creditors

10,653

10,116

28,577

47,630

7.	PROVISIONS FOR LIABILITIES

31.5.26

31.5.25

£

£

Deferred tax

510

680

Deferred

tax

£

Balance at 1 June 2025

680

Credit to Income Statement during year

(170

)

Balance at 31 May 2026

510

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2025 - £30,000) were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, R P Jenkins and S G Lewis.