REGISTERED NUMBER: 06091253 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

MERGE SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Morgan

SECRETARY:

REGISTERED OFFICE:

Myrtle Hill

Five Roads

Llanelli

Carmarthenshire

SA15 5AJ

REGISTERED NUMBER:

06091253 (England and Wales)

ACCOUNTANTS:

Charles & Co

Chartered Certified Accountants

3 Murray Street

Llanelli

Carmarthenshire

SA15 1AQ

FIXED ASSETS

Intangible assets

4

1,000

1,500

Tangible assets

5

256,046

182,699

257,046

184,199

CURRENT ASSETS

Stocks

295,000

265,000

Debtors

6

343,975

374,142

Cash at bank

542

12,284

639,517

651,426

CREDITORS

Amounts falling due within one year

7

380,416

373,960

NET CURRENT ASSETS

259,101

277,466

TOTAL ASSETS LESS CURRENT LIABILITIES

516,147

461,665

CREDITORS

Amounts falling due after more than one year

8

99,182

60,397

NET ASSETS

416,965

401,268

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

416,963

401,266

SHAREHOLDERS' FUNDS

416,965

401,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 14 July 2025 and were signed by:

C Morgan - Director

1.	STATUTORY INFORMATION

Merge Services 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 19 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

10,000

AMORTISATION

At 1 March 2024

8,500

Amortisation for year

500

At 28 February 2025

9,000

NET BOOK VALUE

At 28 February 2025

1,000

At 29 February 2024

1,500

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

-

351,354

110,818

2,080

464,252

Additions

40,018

63,880

67,825

-

171,723

Disposals

-

-

(75,690

)

-

(75,690

)

At 28 February 2025

40,018

415,234

102,953

2,080

560,285

DEPRECIATION

At 1 March 2024

-

212,407

67,352

1,794

281,553

Charge for year

4,002

40,565

19,171

29

63,767

Eliminated on disposal

-

-

(41,081

)

-

(41,081

)

At 28 February 2025

4,002

252,972

45,442

1,823

304,239

NET BOOK VALUE

At 28 February 2025

36,016

162,262

57,511

257

256,046

At 29 February 2024

-

138,947

43,466

286

182,699

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

108,506

173,384

Other debtors

235,469

200,758

343,975

374,142

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

82

20

Trade creditors

149,959

142,473

Taxation and social security

172,561

137,130

Other creditors

57,814

94,337

380,416

373,960

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

24,266

25,154

Hire purchase contracts

74,916

35,243

99,182

60,397

Bank Loan