2022-04-01 2023-03-31 false Capium Accounts Production 1.1 05305997 bus:FullAccounts 2022-04-01 2023-03-31 05305997 bus:FRS102 2022-04-01 2023-03-31 05305997 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05305997 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 05305997 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05305997 2022-04-01 2023-03-31 05305997 2023-03-31 05305997 bus:RegisteredOffice 2022-04-01 2023-03-31 05305997 core:WithinOneYear 2023-03-31 05305997 core:AfterOneYear 2023-03-31 05305997 bus:Director1 2022-04-01 2023-03-31 05305997 bus:Director1 2023-03-31 05305997 bus:Director1 2021-04-01 2022-03-31 05305997 2021-04-01 05305997 2021-04-01 2022-03-31 05305997 2022-03-31 05305997 core:WithinOneYear 2022-03-31 05305997 core:AfterOneYear 2022-03-31 05305997 bus:EntityAccountantsOrAuditors 2021-04-01 2022-03-31 05305997 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 05305997 bus:OrdinaryShareClass1 2023-03-31 05305997 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 05305997 bus:OrdinaryShareClass1 2022-03-31 05305997 core:PlantMachinery 2022-04-01 2023-03-31 05305997 core:PlantMachinery 2023-03-31 05305997 core:PlantMachinery 2022-03-31 05305997 core:ComputerEquipment 2022-04-01 2023-03-31 05305997 core:ComputerEquipment 2023-03-31 05305997 core:ComputerEquipment 2022-03-31 05305997 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 05305997 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-03-31 05305997 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 05305997 core:CostValuation core:Non-currentFinancialInstruments 2022-03-31 05305997 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-03-31 05305997 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 05305997 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 05305997 core:Non-currentFinancialInstruments 2023-03-31 05305997 core:Non-currentFinancialInstruments 2022-03-31 05305997 core:ShareCapital 2023-03-31 05305997 core:ShareCapital 2022-03-31 05305997 core:RetainedEarningsAccumulatedLosses 2023-03-31 05305997 core:RetainedEarningsAccumulatedLosses 2022-03-31 05305997 dpl:Item1 2022-04-01 05305997 dpl:Item1 2023-03-31 05305997 dpl:Item1 2021-04-01 05305997 dpl:Item1 2022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 05305997
England and Wales

 

 

 

MERCURY I T MANAGEMENT LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 1,202    1,549 
1,202    1,549 
Current assets      
Stocks 4 9,200   
Debtors 5 7,308    16,620 
Cash at bank and in hand 7,865    8,596 
24,373    25,216 
Creditors: amount falling due within one year 6 (2,308)   (6,063)
Net current assets 22,065    19,153 
 
Total assets less current liabilities 23,267    20,702 
Net assets 23,267    20,702 
 

Capital and reserves
     
Called up share capital 7 1    1 
Profit and loss account 23,266    20,701 
Shareholder's funds 23,267    20,702 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 11 October 2023 and were signed by:


-------------------------------
J Shone
Director
1
General Information
Mercury I T Management Limited is a private company, limited by shares, registered in England and Wales, registration number 05305997, registration address Whitfield Business Hub, 184-200 Pensby Road, Heswall, Wirral, CH60 7RJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants represent Covid-19 related funding received from HM Government in the form of furlough monies, recognised in the income statement on an accruals basis.
Taxation
Current tax is recognised at the amount of tax payable using tax rates and laws that have been enacted or substantively enacted at the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Straight Line
Plant and Machinery 25% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees


Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 April 2022 1,724    13,558    15,282 
Additions   1,090    1,090 
Disposals    
At 31 March 2023 1,724    14,648    16,372 
Depreciation
At 01 April 2022 1,344    12,389    13,733 
Charge for year 189    1,248    1,437 
On disposals    
At 31 March 2023 1,533    13,637    15,170 
Net book values
Closing balance as at 31 March 2023 191    1,011    1,202 
Opening balance as at 01 April 2022 380    1,169    1,549 


4.

Stocks

2023
£
  2022
£
Work in Progress 9,200   
9,200   

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors   11,040 
Other Debtors 2,842    2,842 
Directors' Current Accounts 4,466    2,738 
7,308    16,620 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 151    198 
VAT Control Account 634    2,887 
Corporation Tax 646    1,704 
PAYE & Social Security   373 
Accrued Expenses 877    901 
2,308    6,063 

7.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
1 Ordinary share of £1.00 each  
 

8.

Director’s loan

Director's Advance

As at the year-end the director owed the company £4,466 (2022 - £2,738). This advance is unsecured, interest free and with no formal repayment schedule.
Particulars   Current
£
  2022
£
As at 01 April 2022 2,738  3,482 
Advances 7,356 
Repayments (5,628) (744)
As at 31 March 2023 4,466  2,738 
2