E. Mercer & Co. (Hull) Limited

E. Mercer & Co. (Hull) Limited
Registered number:		00080538
Balance Sheet
as at 30 June 2024

Notes			2024			2023
£				£
Current assets
Cash at bank and in hand		376,257			368,383

Creditors: amounts falling due within one year	3	(129,416)			(137,362)

Net current assets			246,841			231,021

Net assets			246,841			231,021

Capital and reserves
Called up share capital			612			612
Profit and loss account			246,229			230,409

Shareholder's funds			246,841			231,021

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




T. F. Hindley
Director
Approved by the board on 6 September 2024

E. Mercer & Co. (Hull) Limited
Notes to the Accounts
for the year ended 30 June 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	1		1


3	Creditors: amounts falling due within one year	2024		2023
£			£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest	124,088		134,088
	Corporation tax	4,428		2,374
	Other creditors	900		900
		129,416		137,362


4	Related party transactions

	Details of transactions with entities that are part of the same group have not been disclosed.


5	Controlling party

	The company was controlled throughout the year by Holderness Energy Group Limited by virtue of the fact that it owns 100% of the company's share capital. Holderness Energy Group Limited is controlled by Mr. T. F. Hindley, the ultimate controlling party.


6	Other information

	E. Mercer & Co. (Hull) Limited is a private company limited by shares and incorporated in England. Its registered office is:
	9-11 Godmans Lane
	Kirkella
	Hull
	HU10 7NX