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Company Registration No. 03791102 (England and Wales)
Mercury Developments Limited Unaudited accounts for the year ended 30 June 2023
Mercury Developments Limited Unaudited accounts Contents
Page
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Mercury Developments Limited Company Information for the year ended 30 June 2023
Director
S Sangha
Company Number
03791102 (England and Wales)
Registered Office
9 SWAN LANE LOUGHTON ESSEX IG10 4QW ENGLAND
Accountants
SA Ledgers Ltd 57 Canbury Park Road Kingston KT2 6LQ
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Mercury Developments Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,697 
3,409 
Current assets
Debtors
71,484 
103,604 
Cash at bank and in hand
(52,879)
(21,748)
18,605 
81,856 
Creditors: amounts falling due within one year
(16,167)
(42,641)
Net current assets
2,438 
39,215 
Total assets less current liabilities
4,135 
42,624 
Creditors: amounts falling due after more than one year
(35,694)
(38,759)
Net (liabilities)/assets
(31,559)
3,865 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
(31,579)
3,845 
Shareholders' funds
(31,559)
3,865 
For the year ending 30 June 2023 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 15 November 2023 and were signed on its behalf by
S Sangha Director Company Registration No. 03791102
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Mercury Developments Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Mercury Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 03791102. The registered office is 9 SWAN LANE, LOUGHTON, ESSEX, IG10 4QW, ENGLAND.
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:
Fixtures & fittings
4
Computer equipment
4
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
2,568 
18,478 
21,046 
At 30 June 2023
2,568 
18,478 
21,046 
Depreciation
At 1 July 2022
2,551 
15,086 
17,637 
Charge for the year
17 
1,695 
1,712 
At 30 June 2023
2,568 
16,781 
19,349 
Net book value
At 30 June 2023
- 
1,697 
1,697 
At 30 June 2022
17 
3,392 
3,409 
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Mercury Developments Limited Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
980 
- 
Amounts due from group undertakings etc.
28,050 
22,400 
Other debtors
42,454 
81,204 
71,484 
103,604 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
8,215 
Trade creditors
120 
120 
Taxes and social security
(4,001)
4,219 
Other creditors
19,848 
17,887 
Accruals
200 
12,200 
16,167 
42,641 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,620 
38,862 
Taxes and social security
1,074 
(103)
35,694 
38,759 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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