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REGISTERED NUMBER: 05912608 (England and Wales)








Unaudited Financial Statements

For The Year Ended 30 November 2023

for

Mercury Construction (South West)
Limited

Mercury Construction (South West)
Limited (Registered number: 05912608)






Contents of the Financial Statements
For The Year Ended 30 November 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Mercury Construction (South West)
Limited (Registered number: 05912608)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 180,279 190,005

CURRENT ASSETS
Stocks 342,685 394,707
Debtors 5 1,387,563 1,670,807
Cash at bank 1,232,203 1,229,263
2,962,451 3,294,777
CREDITORS
Amounts falling due within one year 6 2,100,765 2,421,086
NET CURRENT ASSETS 861,686 873,691
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,041,965

1,063,696

CREDITORS
Amounts falling due after more than one
year

7

(6,499

)

(11,698

)

PROVISIONS FOR LIABILITIES (43,391 ) (46,800 )
NET ASSETS 992,075 1,005,198

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 991,875 1,004,998
SHAREHOLDERS' FUNDS 992,075 1,005,198

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

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 15 July 2024 and were signed on its behalf by:



S B Welch - Director


Mercury Construction (South West)
Limited (Registered number: 05912608)

Notes to the Financial Statements
For The Year Ended 30 November 2023

1. STATUTORY INFORMATION

Mercury Construction (South West) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05912608

Registered office: Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL

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.

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 etc - 20% on cost

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 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 44 (2022 - 42 ) .

Mercury Construction (South West)
Limited (Registered number: 05912608)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 69,361 29,211 119,579 219,670 437,821
Additions - 430 4,469 39,983 44,882
At 30 November 2023 69,361 29,641 124,048 259,653 482,703
DEPRECIATION
At 1 December 2022 66,557 19,085 88,131 74,043 247,816
Charge for year 561 3,258 10,728 40,061 54,608
At 30 November 2023 67,118 22,343 98,859 114,104 302,424
NET BOOK VALUE
At 30 November 2023 2,243 7,298 25,189 145,549 180,279
At 30 November 2022 2,804 10,126 31,448 145,627 190,005

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 1,102,109 1,381,616
Other debtors 285,454 289,191
1,387,563 1,670,807

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts (see note 8) 5,199 7,891
Trade creditors 990,710 991,022
Taxation and social security 487,616 483,472
Other creditors 617,240 938,701
2,100,765 2,421,086

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts (see note 8) 6,499 11,698

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.11.23 30.11.22
£    £   
Net obligations repayable:
Within one year 5,199 7,891
Between one and five years 6,499 11,698
11,698 19,589

Mercury Construction (South West)
Limited (Registered number: 05912608)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
30.11.23 30.11.22
£    £   
Within one year 50,595 81,278
Between one and five years 29,000 79,595
79,595 160,873

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Hire purchase contracts 11,698 19,589

Hire purchase liabilities are secured against the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200