Mercuri International UK Consulting Ltd |
Registered number: |
14537000 |
Balance Sheet |
as at 31 December 2023 |
|
Notes |
|
|
2023 |
|
£ |
|
Current assets |
Debtors |
3 |
|
228,368 |
Cash at bank and in hand |
|
|
18,991 |
|
|
|
247,359 |
|
|
|
Creditors: amounts falling due within one year |
4 |
|
(271,862) |
|
Net current liabilities |
|
|
|
(24,503) |
|
|
Total assets less current liabilities |
|
|
|
(24,503) |
|
|
Creditors: amounts falling due after more than one year |
5 |
|
|
(89,900) |
|
|
|
Net liabilities |
|
|
|
(114,403) |
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
Profit and loss account |
|
|
|
(114,503) |
|
Shareholders' funds |
|
|
|
(114,403) |
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their 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. |
|
|
|
|
Mr F Herbertz |
Director |
Approved by the board on 12 September 2024 |
|
Mercuri International UK Consulting Ltd |
Notes to the Accounts |
for the period from 12 December 2022 to 31 December 2023 |
|
|
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 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. |
|
|
Going concern |
|
The directors have assessed the company's ability to continue as a going concern and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In doing this, they have considered the level of reserves held, the results for the period, expectations of future trading as a result of trading relationships with key customers. On the basis of this information the directors are satisfied that the company will continue as a going concern and so the financial statements have been prepared on this basis. |
|
|
Controlling parrty |
|
The company is a subsidiary and wholly- owned by Mercuri International Group AB. The address of the parent company is Gustav III:s Boulevard 42 169 03 Solna Sweden. |
|
|
Related party exemption |
|
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
|
|
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 |
|
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. |
|
|
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. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
2 |
Employees |
2023 |
|
Number |
|
|
|
Average number of persons employed by the company |
0 |
|
|
|
|
|
|
|
|
|
3 |
Debtors |
2023 |
|
£ |
|
|
|
Trade debtors |
142,942 |
|
Other debtors |
85,426 |
|
|
|
|
|
|
228,368 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2023 |
|
£ |
|
|
|
Trade creditors |
28,972 |
|
Taxation and social security costs |
24,191 |
|
Other creditors |
218,699 |
|
|
|
|
|
|
271,862 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due after one year |
2023 |
|
£ |
|
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
89,900 |
|
|
|
|
|
|
|
|
|
6 |
Other information |
|
|
Mercuri International UK Consulting Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
2nd Floor, Unicorn House |
|
Station Close |
|
Potters Bar |
|
Hertforshire |
|
EN6 1TL |