1 April 2023 v2024.42.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP085996562023-04-012024-03-31085996562024-03-31085996562023-03-3108599656core:WithinOneYear2024-03-3108599656core:WithinOneYear2023-03-3108599656core:AfterOneYear2024-03-3108599656core:AfterOneYear2023-03-3108599656core:ShareCapital2024-03-3108599656core:ShareCapital2023-03-3108599656core:RetainedEarningsAccumulatedLosses2024-03-3108599656core:RetainedEarningsAccumulatedLosses2023-03-3108599656bus:Director12023-04-012024-03-3108599656bus:RegisteredOffice2023-04-012024-03-3108599656core:FurnitureFittings2023-04-012024-03-3108599656core:PlantMachinery2023-04-012024-03-3108599656core:MotorVehicles2023-04-012024-03-31085996562022-04-012023-03-3108599656core:PlantMachinery2023-04-0108599656core:PlantMachinery2024-03-3108599656core:PlantMachinery2023-03-310859965612023-04-012024-03-3108599656countries:EnglandWales2023-04-012024-03-3108599656bus:AuditExemptWithAccountantsReport2023-04-012024-03-3108599656bus:PrivateLimitedCompanyLtd2023-04-012024-03-3108599656bus:SmallEntities2023-04-012024-03-3108599656bus:FullAccounts2023-04-012024-03-31
Company registration number:
08599656
Mercury Railcomms Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2024
Mercury Railcomms Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Mercury Railcomms Limited
Year ended
31 March 2024
As described on the statement of financial position, the Board of Directors of
Mercury Railcomms Limited
are responsible for the preparation of the
financial statements
for the year ended
31 March 2024
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Jackson Stapleton Accountants
1-3 Laneham Street
Scunthorpe
North Lincolnshire
DN15 6LJ
United Kingdom
Mercury Railcomms Limited
Statement of Financial Position
31 March 2024
20242023
Note££
Fixed assets    
Tangible assets 5
31,254
 
29,265
 
Current assets    
Debtors 6
62,117
 
59,292
 
Cash at bank and in hand
188,672
 
193,907
 
250,789
 
253,199
 
Creditors: amounts falling due within one year 7
(77,012
)
(129,689
)
Net current assets
173,777
 
123,510
 
Total assets less current liabilities 205,031   152,775  
Creditors: amounts falling due after more than one year 8
(12,712
)
(22,881
)
Net assets
192,319
 
129,894
 
Capital and reserves    
Called up share capital
3
 
3
 
Profit and loss account
192,316
 
129,891
 
Shareholders funds
192,319
 
129,894
 
For the year ending
31 March 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
18 September 2024
, and are signed on behalf of the board by:
M Hughes
Director
Company registration number:
08599656
Mercury Railcomms Limited
Notes to the Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Park Lodge Woodfield Park
,
Tickhill Road
,
Balby
,
Doncaster
,
DN4 8QN
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
25% straight line
Plant and machinery
25% straight line
Motor vehicles
25% straight line

4 Average number of employees

The average number of persons employed by the company during the year was
4
(2023:
4.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2023
89,948
 
Additions
16,975
 
At
31 March 2024
106,923
 
Depreciation  
At
1 April 2023
60,683
 
Charge
14,986
 
At
31 March 2024
75,669
 
Carrying amount  
At
31 March 2024
31,254
 
At 31 March 2023
29,265
 

6 Debtors

20242023
££
Trade debtors
58,243
 
59,292
 
Other debtors
3,874
  -  
62,117
 
59,292
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
13,552
 
13,614
 
Taxation and social security
60,423
 
80,807
 
Other creditors
3,037
 
35,268
 
77,012
 
129,689
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
12,712
 
22,881