Acorah Software Products - Accounts Production 14.6.300 false true 31 October 2022 1 November 2021 false 1 November 2022 31 December 2023 31 December 2023 02660262 Mr Harold Goodwin Ms Caroline Warburton Ms Caroline Warburton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02660262 2022-10-31 02660262 2023-12-31 02660262 2022-11-01 2023-12-31 02660262 frs-core:FurnitureFittings 2023-12-31 02660262 frs-core:FurnitureFittings 2022-11-01 2023-12-31 02660262 frs-core:FurnitureFittings 2022-10-31 02660262 frs-core:ShareCapital 2023-12-31 02660262 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 02660262 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-12-31 02660262 frs-bus:FilletedAccounts 2022-11-01 2023-12-31 02660262 frs-bus:SmallEntities 2022-11-01 2023-12-31 02660262 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-12-31 02660262 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-12-31 02660262 frs-bus:Director1 2022-11-01 2023-12-31 02660262 frs-bus:Director1 2022-10-31 02660262 frs-bus:Director1 2023-12-31 02660262 frs-bus:Director2 2022-11-01 2023-12-31 02660262 frs-bus:Director2 2022-10-31 02660262 frs-bus:Director2 2023-12-31 02660262 frs-bus:CompanySecretary1 2022-11-01 2023-12-31 02660262 frs-countries:EnglandWales 2022-11-01 2023-12-31 02660262 2021-10-31 02660262 2022-10-31 02660262 2021-11-01 2022-10-31 02660262 frs-core:CurrentFinancialInstruments 2022-10-31 02660262 frs-core:ShareCapital 2022-10-31 02660262 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 02660262
Mercury Travel Limited
Unaudited Financial Statements
For the Period 1 November 2022 to 31 December 2023
THE BUBB SHERWIN PARTNERSHIP LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02660262
31 December 2023 31 October 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 308 615
308 615
CURRENT ASSETS
Debtors 5 459 1,303
Cash at bank and in hand 34,583 39,278
35,042 40,581
Creditors: Amounts Falling Due Within One Year 6 (13,796 ) (17,692 )
NET CURRENT ASSETS (LIABILITIES) 21,246 22,889
TOTAL ASSETS LESS CURRENT LIABILITIES 21,554 23,504
PROVISIONS FOR LIABILITIES
Deferred Taxation (117 ) (117 )
NET ASSETS 21,437 23,387
CAPITAL AND RESERVES
Called up share capital 7 101 101
Profit and Loss Account 21,336 23,286
SHAREHOLDERS' FUNDS 21,437 23,387
Page 1
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For the period ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Harold Goodwin
Director
16/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mercury Travel Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02660262 . The registered office is 6 Plane Tree Court, Church Road, Faversham, Kent, ME13 8GZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2022: 2)
2 2
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Page 4
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2022 4,184
As at 31 December 2023 4,184
Depreciation
As at 1 November 2022 3,569
Provided during the period 307
As at 31 December 2023 3,876
Net Book Value
As at 31 December 2023 308
As at 1 November 2022 615
5. Debtors
31 December 2023 31 October 2022
£ £
Due within one year
Other debtors 459 1,303
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 October 2022
£ £
Other creditors 13,796 16,888
Taxation and social security - 804
13,796 17,692
7. Share Capital
31 December 2023 31 October 2022
£ £
Allotted, Called up and fully paid 101 101
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Mr Harold Goodwin (12,158 ) 2,659 - - (9,499 )
Ms Caroline Warburton (3,087 ) - - - (3,087 )
The above loan is unsecured, interest free and repayable on demand.
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