15 September 2020 false No description of principal activity Taxfiler 2022.8.3 11257627business:PrivateLimitedCompanyLtd2020-09-152021-09-14 112576272020-09-14 112576272020-09-152021-09-14 11257627business:AuditExempt-NoAccountantsReport2020-09-152021-09-14 11257627business:FullAccounts2020-09-152021-09-14 112576272021-09-14 11257627business:Director12020-09-152021-09-14 11257627business:RegisteredOffice2020-09-152021-09-14 112576272020-09-14 11257627core:WithinOneYear2021-09-14 11257627core:WithinOneYear2020-09-14 11257627core:AfterOneYear2021-09-14 11257627core:AfterOneYear2020-09-14 11257627core:ShareCapital2021-09-14 11257627core:ShareCapital2020-09-14 11257627core:RetainedEarningsAccumulatedLosses2021-09-14 11257627core:RetainedEarningsAccumulatedLosses2020-09-14 11257627business:SmallEntities2020-09-152021-09-14 11257627countries:EnglandWales2020-09-152021-09-14 11257627core:MotorVehicles2020-09-152021-09-14 11257627core:ComputerEquipment2020-09-152021-09-14 11257627core:MotorVehicles2020-09-14 11257627core:ComputerEquipment2020-09-14 11257627core:MotorVehicles2021-09-14 11257627core:ComputerEquipment2021-09-14 112576272019-09-152020-09-14 iso4217:GBP xbrli:pure
Company Registration No. 11257627 (England and Wales)
Mercolux Cars Ltd Unaudited accounts for the year ended 14 September 2021
Mercolux Cars Ltd Unaudited accounts Contents
Page
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Mercolux Cars Ltd Company Information for the year ended 14 September 2021
Director
Georgios Voutsinos
Company Number
11257627 (England and Wales)
Registered Office
128 City Road London EC1V 2NX
Accountants
Wizz Accounting Ltd 128 City Road London EC1V 2NX
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Mercolux Cars Ltd Statement of financial position as at 14 September 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,077 
22,873 
Current assets
Debtors
402 
7,880 
Cash at bank and in hand
8 
635 
410 
8,515 
Creditors: amounts falling due within one year
(36)
- 
Net current assets
374 
8,515 
Total assets less current liabilities
15,451 
31,388 
Creditors: amounts falling due after more than one year
(50,000)
(50,000)
Net liabilities
(34,549)
(18,612)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(34,550)
(18,613)
Shareholders' funds
(34,549)
(18,612)
For the year ending 14 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 September 2022 and were signed on its behalf by
Georgios Voutsinos Director Company Registration No. 11257627
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Mercolux Cars Ltd Notes to the Accounts for the year ended 14 September 2021
1
Statutory information
Mercolux Cars Ltd is a private company, limited by shares, registered in England and Wales, registration number 11257627. The registered office is 128 City Road, London, EC1V 2NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
4 years
Computer equipment
3 years
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 15 September 2020
29,125 
1,544 
30,669 
At 14 September 2021
29,125 
1,544 
30,669 
Depreciation
At 15 September 2020
7,281 
515 
7,796 
Charge for the year
7,281 
515 
7,796 
At 14 September 2021
14,562 
1,030 
15,592 
Net book value
At 14 September 2021
14,563 
514 
15,077 
At 14 September 2020
21,844 
1,029 
22,873 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
402 
7,357 
Other debtors
- 
523 
402 
7,880 
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Mercolux Cars Ltd Notes to the Accounts for the year ended 14 September 2021
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Loans from directors
36 
- 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
50,000 
50,000 
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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