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REGISTERED NUMBER: 10436418 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Mercutio Leisure Ltd

Mercutio Leisure Ltd (Registered number: 10436418)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mercutio Leisure Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: S Montague





REGISTERED OFFICE: 21 Regent Circus
Swindon
Wilsthire
SN1 1PR





REGISTERED NUMBER: 10436418 (England and Wales)

Mercutio Leisure Ltd (Registered number: 10436418)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,100 37,013

CURRENT ASSETS
Stocks 7,914 10,053
Debtors 5 4,597 7,937
Cash at bank and in hand 17,163 67,171
29,674 85,161
CREDITORS
Amounts falling due within one year 6 112,702 127,539
NET CURRENT LIABILITIES (83,028 ) (42,378 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(44,928

)

(5,365

)

CREDITORS
Amounts falling due after more than one
year

7

15,834

25,833
NET LIABILITIES (60,762 ) (31,198 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (60,862 ) (31,298 )
(60,762 ) (31,198 )

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

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





S Montague - Director


Mercutio Leisure Ltd (Registered number: 10436418)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Mercutio Leisure 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 15 ) .

Mercutio Leisure Ltd (Registered number: 10436418)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 8,656 69,942 750 8,602 87,950
Additions 1,590 10,512 - 467 12,569
At 31 October 2023 10,246 80,454 750 9,069 100,519
DEPRECIATION
At 1 November 2022 4,818 41,221 617 4,281 50,937
Charge for year 1,263 8,720 33 1,466 11,482
At 31 October 2023 6,081 49,941 650 5,747 62,419
NET BOOK VALUE
At 31 October 2023 4,165 30,513 100 3,322 38,100
At 31 October 2022 3,838 28,721 133 4,321 37,013

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 4,597 7,937

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 31,517 34,871
Social security and other taxes 11,185 7,808
VAT 36,651 45,747
Other creditors 7,262 14,040
Directors' current accounts 8,046 9,114
Accruals and deferred income 8,041 5,959
112,702 127,539

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,834 15,833
15,834 25,833