Mercia Facilities Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11816129 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Mercia Facilities Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Vuckovic

REGISTERED OFFICE:

169 Torrington Avenue

Coventry

CV4 9AP

REGISTERED NUMBER:

11816129 (England and Wales)

ACCOUNTANTS:

Newmans

Chartered Certified Accountants

DVS House

Suite 1, First Floor

4 Spring Villa Road

Edgware

Middlesex

HA8 7EB

FIXED ASSETS

Tangible assets

4

-

533

CURRENT ASSETS

Debtors

5

5,912,836

37,952

Cash at bank

79,411

58,792

5,992,247

96,744

CREDITORS

Amounts falling due within one year

6

5,910,780

57,171

NET CURRENT ASSETS

81,467

39,573

TOTAL ASSETS LESS CURRENT LIABILITIES

81,467

40,106

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

81,367

40,006

81,467

40,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 4 April 2024 and were signed by:

P Vuckovic - Director

1.	STATUTORY INFORMATION

Mercia Facilities 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.

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 7 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

1,203

DEPRECIATION

At 1 April 2022

670

Charge for year

533

At 31 March 2023

1,203

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

533

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

5,912,836

-

Other debtors

-

37,952

5,912,836

37,952

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

3,157,847

-

Taxation and social security

1,791,685

13,975

Other creditors

961,248

43,196

5,910,780

57,171