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REGISTERED NUMBER: 11335411 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MERCURY COMMS LIMITED

MERCURY COMMS LIMITED (REGISTERED NUMBER: 11335411)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MERCURY COMMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: L F N Krickl
J B Krickl





REGISTERED OFFICE: 59-60 Grosvenor Street
London
W1K 3HZ





REGISTERED NUMBER: 11335411 (England and Wales)





ACCOUNTANTS: Butters Gates & Company
Chartered Accountants
107 Bell Street
London
NW1 6TL

MERCURY COMMS LIMITED (REGISTERED NUMBER: 11335411)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,973 5,143

CURRENT ASSETS
Debtors 5 146,478 120,137
Cash at bank and in hand 10,722 20,450
157,200 140,587
CREDITORS
Amounts falling due within one year 6 121,175 87,963
NET CURRENT ASSETS 36,025 52,624
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,998

57,767

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 39,898 57,667
39,998 57,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MERCURY COMMS LIMITED (REGISTERED NUMBER: 11335411)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:




J B Krickl - Director



L F N Krickl - Director


MERCURY COMMS LIMITED (REGISTERED NUMBER: 11335411)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Mercury Comms Limited 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

MERCURY COMMS LIMITED (REGISTERED NUMBER: 11335411)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 2,467 9,774 12,241
Additions - 1,008 1,008
Disposals - (2,264 ) (2,264 )
At 31 March 2024 2,467 8,518 10,985
DEPRECIATION
At 1 April 2023 1,823 5,275 7,098
Charge for year 161 1,163 1,324
Eliminated on disposal - (1,410 ) (1,410 )
At 31 March 2024 1,984 5,028 7,012
NET BOOK VALUE
At 31 March 2024 483 3,490 3,973
At 31 March 2023 644 4,499 5,143

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 121,544 116,195
Other debtors 9,208 -
Directors' current accounts 6,925 -
Prepayments 8,801 3,942
146,478 120,137

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 45,117 16,902
Tax 48,191 47,166
Social security and other taxes 15,543 9,030
VAT 6,479 9,309
Other creditors 1,065 1,261
Directors' current accounts 780 295
Accrued expenses 4,000 4,000
121,175 87,963