Shilling Mergers Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 07046876

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		45,440		57,971
Investments	5		2		2

			45,442		57,973
CURRENT ASSETS
Debtors	6	3,573,308		2,727,723
Cash at bank and in hand		72,939		575,418

		3,646,247		3,303,141
Creditors: Amounts Falling Due Within One Year	7	(3,238,129 )		(2,986,471 )

NET CURRENT ASSETS (LIABILITIES)			408,118		316,670

TOTAL ASSETS LESS CURRENT LIABILITIES			453,560		374,643

Creditors: Amounts Falling Due After More Than One Year	8		(2,252 )		(22,479 )

NET ASSETS			451,308		352,164

CAPITAL AND RESERVES
Called up share capital			6		6
Profit and Loss Account			451,302		352,158

SHAREHOLDERS' FUNDS			451,308		352,164

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Shilling Mergers Limited

Balance Sheet (continued)

As At 23 September 2025

For the year ending 23 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr C J Carter

Director

22 September 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Shilling Mergers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07046876 . The registered office is 1st Floor Falcon Point Park Plaza, Heath Hayes, Cannock, WS12 2DE.

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.

2.2. 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.

2.3. 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	20% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	20% reducing balance
Computer Equipment	20% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Work in progress is valued at the lower of cost and net realisable value. 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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Shilling Mergers Limited

Notes to the Financial Statements (continued)

For The Year Ended 23 September 2025

2.6. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 7)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 25 September 2024	13,423	73,805	87,228
Additions	3,030	-	3,030
Disposals	(1,084 )	-	(1,084 )

As at 23 September 2025	15,369	73,805	89,174

Depreciation
As at 25 September 2024	8,804	20,453	29,257
Provided during the period	1,356	13,338	14,694
Disposals	(217 )	-	(217 )

As at 23 September 2025	9,943	33,791	43,734

Net Book Value
As at 23 September 2025	5,426	40,014	45,440

As at 25 September 2024	4,619	53,352	57,971

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 25 September 2024	2

As at 23 September 2025	2

Provision
As at 25 September 2024	-

As at 23 September 2025	-

...CONTINUED

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Shilling Mergers Limited

Notes to the Financial Statements (continued)

For The Year Ended 23 September 2025

Net Book Value
As at 23 September 2025	2

As at 25 September 2024	2

The company holds more than 20% of the share capital of the following companies:

Apress Investments Ltd

Colliers Truck Investments Ltd

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	585,576	350,819
Amounts owed by group undertakings	2,656,143	2,024,054
Other debtors	331,589	352,850

	3,573,308	2,727,723

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	13,557	13,553
Trade creditors	4,706	17,969
Bank loans and overdrafts	6,667	10,000
Amounts owed to participating interests	2,525,609	2,563,491
Other creditors	575,573	337,607
Taxation and social security	112,017	43,851

	3,238,129	2,986,471

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	2,252	15,812
Bank loans	-	6,667

	2,252	22,479

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	13,557	13,553
Later than one year and not later than five years	2,252	15,812

	15,809	29,365

	15,809	29,365

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Shilling Mergers Limited

Notes to the Financial Statements (continued)

For The Year Ended 23 September 2025

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	21,466	39,316
Later than one year and not later than five years	6,023	27,489

	27,489	66,805

11. Related Party Transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.

12. Ultimate Controlling Party

The company is controlled by its director and shareholders.

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