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REGISTERED NUMBER: 09924191 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MERCURY PROJECT SERVICES LTD

MERCURY PROJECT SERVICES LTD (REGISTERED NUMBER: 09924191)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MERCURY PROJECT SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: A Messenger





REGISTERED OFFICE: Suite 21 10 Churchill Square
Kings Hill
West Malling
Kent
ME19 4YU





REGISTERED NUMBER: 09924191 (England and Wales)





ACCOUNTANTS: The Accountancy Practice Ltd
10 Churchill Square
Kings Hill
West Malling
Kent
ME19 5YU

MERCURY PROJECT SERVICES LTD (REGISTERED NUMBER: 09924191)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,905 4,081

CURRENT ASSETS
Debtors 5 18,014 25,278
Cash at bank and in hand 1,626 1,086
19,640 26,364
CREDITORS
Amounts falling due within one year 6 17,028 19,352
NET CURRENT ASSETS 2,612 7,012
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,517

11,093

CREDITORS
Amounts falling due after more than one
year

7

5,383

9,183
NET ASSETS 134 1,910

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 8 32 1,808
SHAREHOLDERS' FUNDS 134 1,910

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MERCURY PROJECT SERVICES LTD (REGISTERED NUMBER: 09924191)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 August 2024 and were signed by:





A Messenger - Director


MERCURY PROJECT SERVICES LTD (REGISTERED NUMBER: 09924191)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Mercury Project Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MERCURY PROJECT SERVICES LTD (REGISTERED NUMBER: 09924191)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 - 7,917 2,726 10,643
Additions 454 - - 454
At 31 December 2023 454 7,917 2,726 11,097
DEPRECIATION
At 1 January 2023 - 4,576 1,986 6,562
Charge for year 114 835 681 1,630
At 31 December 2023 114 5,411 2,667 8,192
NET BOOK VALUE
At 31 December 2023 340 2,506 59 2,905
At 31 December 2022 - 3,341 740 4,081

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 15,140 16,800
Other debtors 2,874 8,478
18,014 25,278

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 3,800 3,800
Trade creditors 1,769 583
Taxation and social security 508 2,004
Other creditors 10,951 12,965
17,028 19,352

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 5,383 9,183

MERCURY PROJECT SERVICES LTD (REGISTERED NUMBER: 09924191)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. RESERVES
Retained
earnings
£   

At 1 January 2023 1,808
Profit for the year 224
Dividends (2,000 )
At 31 December 2023 32