REGISTERED NUMBER: 02623184 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

MERCATOR CARGO SYSTEMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S A Milnes

Mr G W Goehlert

REGISTERED OFFICE:

10 St. Georges Business Centre

St. Georges Square

Portsmouth

Hampshire

PO1 3EZ

REGISTERED NUMBER:

02623184 (England and Wales)

ACCOUNTANTS:

Gibson Whitter

Chartered Accountants

and Chartered Tax Advisers

Larch House

Parklands Business Park

Denmead

Hampshire

PO7 6XP

FIXED ASSETS

Tangible assets

4

7,552

5,316

CURRENT ASSETS

Debtors

5

292,220

499,372

Cash at bank and in hand

420,838

303,485

713,058

802,857

CREDITORS

Amounts falling due within one year

6

562,309

585,445

NET CURRENT ASSETS

150,749

217,412

TOTAL ASSETS LESS CURRENT LIABILITIES

158,301

222,728

PROVISIONS FOR LIABILITIES

9

1,269

741

NET ASSETS

157,032

221,987

CAPITAL AND RESERVES

Called up share capital

10

100

100

Capital redemption reserve

10

10

Retained earnings

156,922

221,877

SHAREHOLDERS' FUNDS

157,032

221,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 and authorised for issue by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

Mr G W Goehlert - Director

1.	STATUTORY INFORMATION

Mercator Cargo Systems Limited 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.

Related party exemption

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.

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.

Plant and machinery etc

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

26,021

Additions

4,753

At 31 May 2025

30,774

DEPRECIATION

At 1 June 2024

20,705

Charge for year

2,517

At 31 May 2025

23,222

NET BOOK VALUE

At 31 May 2025

7,552

At 31 May 2024

5,316

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

257,261

396,742

Amounts owed by group undertakings

-

60,957

Other debtors

34,959

41,673

292,220

499,372

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

-

22,568

Trade creditors

211,529

243,814

Taxation and social security

56,291

30,121

Other creditors

294,489

288,942

562,309

585,445

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.5.25

31.5.24

£

£

Within one year

14,950

1,246

Between one and five years

56,062

-

71,012

1,246

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

£

Bank loans and overdrafts

-

22,568

The bank loans and overdrafts are secured against a fixed and floating charge over the company assets.

9.	PROVISIONS FOR LIABILITIES

31.5.25

31.5.24

£

£

Deferred tax

1,269

741

Deferred

tax

£

Balance at 1 June 2024

741

Provided during year

528

Balance at 31 May 2025

1,269

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.25

31.5.24

value:

£

£

50

Ordinary A

1

50

50

50

Ordinary B

1

50

50

100

100

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mercator Cargo Holdings Limited.

No individual owns a controlling interest and there is therefore no ultimate controlling party.