Mercel Ltd SC711440 true 2022-11-01 2023-12-31 2023-12-31 The principal activity of the company is Research and Experimental Development on biotechnology Digita Accounts Production Advanced 6.30.9574.0 true A T Kennedy D F O'Rourke M Dorris true SC711440 2022-11-01 2023-12-31 SC711440 2023-12-31 SC711440 bus:OrdinaryShareClass1 bus:OtherShareType 2023-12-31 SC711440 core:ShareCapital 2023-12-31 SC711440 core:CurrentFinancialInstruments 2023-12-31 SC711440 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 SC711440 bus:FRS102 2022-11-01 2023-12-31 SC711440 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-12-31 SC711440 bus:FullAccounts 2022-11-01 2023-12-31 SC711440 bus:RegisteredOffice 2022-11-01 2023-12-31 SC711440 bus:Director1 2022-11-01 2023-12-31 SC711440 bus:Director2 2022-11-01 2023-12-31 SC711440 bus:Director3 2022-11-01 2023-12-31 SC711440 bus:OrdinaryShareClass1 bus:OtherShareType 2022-11-01 2023-12-31 SC711440 bus:EntityHasNeverTraded 2022-11-01 2023-12-31 SC711440 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-12-31 SC711440 countries:Scotland 2022-11-01 2023-12-31 SC711440 2022-10-31 SC711440 bus:OrdinaryShareClass1 bus:OtherShareType 2022-10-31 SC711440 core:ShareCapital 2022-10-31 SC711440 core:CurrentFinancialInstruments 2022-10-31 SC711440 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 SC711440 bus:OrdinaryShareClass1 bus:OtherShareType 2021-10-06 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Mercel Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 November 2022 to 31 December 2023

 

Mercel Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Mercel Ltd

(Registration number: SC711440)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

3

3

2

Capital and reserves

 

Called up share capital

4

3

2

Shareholders' funds

 

3

2

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 31 July 2024 and signed on its behalf by:
 

.........................................
A T Kennedy
Director

 

Mercel Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Suite 2 Ground Floor Orchard Brae House
30 Queensferry Road
Edinburgh
EH4 2HS

These financial statements were authorised for issue by the Board on 31 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Mercel Ltd

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 December 2023

3

Debtors

Current

2023
£

2022
£

Other debtors

3

2

 

3

2

4

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £0.00001 (2022 - £1) each

250,000

2.50

2

2

       

New shares alloted

During the period 50,000.00 Ordinary shares having an aggregate nominal value of £0.00001 were allotted for an aggregate consideration of £0.50 and Ordinary £1 shares were converted to Ordinary £0.00001 shares. This conversion and the allotment was to reflect the shareholders wishes regarding the split of shares between themselves.