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REGISTERED NUMBER: 08490607 (England and Wales)











Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Mercury Communication & Strategy Limited

Mercury Communication & Strategy Limited (Registered number: 08490607)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Mercury Communication & Strategy Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: Dr H Garden





REGISTERED OFFICE: 3rd Floor
207 Regent Street
London
W1B 3HH





REGISTERED NUMBER: 08490607 (England and Wales)





ACCOUNTANTS: C D Nash Limited
11 Longwood Lane
Amersham
Buckinghamshire
HP7 9EN

Mercury Communication & Strategy Limited (Registered number: 08490607)

Report of the Director
for the Year Ended 31 March 2022

The director presents his report with the financial statements of the company for the year ended 31 March 2022.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Communication and Strategy Consultancy.

DIRECTOR
Dr H Garden held office during the whole of the period from 1 April 2021 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Dr H Garden - Director


21 July 2022

Mercury Communication & Strategy Limited (Registered number: 08490607)

Income Statement
for the Year Ended 31 March 2022

31.3.22 31.3.21
Notes £    £   

TURNOVER 156,272 168,628

Administrative expenses 61,512 60,202
OPERATING PROFIT and
PROFIT BEFORE TAXATION 94,760 108,426

Tax on profit 5 18,070 20,481
PROFIT FOR THE FINANCIAL YEAR 76,690 87,945

Mercury Communication & Strategy Limited (Registered number: 08490607)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 689 1,032

CURRENT ASSETS
Debtors 8 21,293 20,445
Cash at bank 224,951 198,318
246,244 218,763
CREDITORS
Amounts falling due within one year 9 33,273 34,325
NET CURRENT ASSETS 212,971 184,438
TOTAL ASSETS LESS CURRENT LIABILITIES 213,660 185,470

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 213,659 185,469
SHAREHOLDERS' FUNDS 213,660 185,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 21 July 2022 and were signed by:





Dr H Garden - Director


Mercury Communication & Strategy Limited (Registered number: 08490607)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Mercury Communication & Strategy 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.

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 cost
Computer equipment - 25% on cost

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 1 (2021 - 1 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.22 31.3.21
£    £   
Depreciation - owned assets 343 730

Mercury Communication & Strategy Limited (Registered number: 08490607)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.3.22 31.3.21
£    £   
Current tax:
UK corporation tax 18,070 20,481
Tax on profit 18,070 20,481

6. DIVIDENDS
31.3.22 31.3.21
£    £   
Ordinary share of 1
Final 48,500 35,000

7. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2021
and 31 March 2022 1,375 1,545 2,920
DEPRECIATION
At 1 April 2021 344 1,544 1,888
Charge for year 343 - 343
At 31 March 2022 687 1,544 2,231
NET BOOK VALUE
At 31 March 2022 688 1 689
At 31 March 2021 1,031 1 1,032

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 21,293 20,445

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Tax 18,070 20,481
VAT 10,450 9,082
Other creditors 1,153 1,152
Directors' current accounts 3,600 3,610
33,273 34,325

Mercury Communication & Strategy Limited (Registered number: 08490607)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
1 Ordinary 1 1 1

11. RESERVES
Retained
earnings
£   

At 1 April 2021 185,469
Profit for the year 76,690
Dividends (48,500 )
At 31 March 2022 213,659

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £48,500 (2021 - £35,000) were paid to the director .