IRIS Accounts Production v24.2.0.383 06888455 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068884552023-04-30068884552024-04-30068884552023-05-012024-04-30068884552022-04-30068884552022-05-012023-04-30068884552023-04-3006888455ns15:EnglandWales2023-05-012024-04-3006888455ns14:PoundSterling2023-05-012024-04-3006888455ns10:Director12023-05-012024-04-3006888455ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3006888455ns10:SmallEntities2023-05-012024-04-3006888455ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3006888455ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3006888455ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3006888455ns10:FullAccounts2023-05-012024-04-3006888455ns10:Director22023-05-012024-04-3006888455ns10:CompanySecretary12023-05-012024-04-3006888455ns10:RegisteredOffice2023-05-012024-04-3006888455ns5:CurrentFinancialInstruments2024-04-3006888455ns5:CurrentFinancialInstruments2023-04-3006888455ns5:ShareCapital2024-04-3006888455ns5:ShareCapital2023-04-3006888455ns5:CapitalRedemptionReserve2024-04-3006888455ns5:CapitalRedemptionReserve2023-04-3006888455ns5:RetainedEarningsAccumulatedLosses2024-04-3006888455ns5:RetainedEarningsAccumulatedLosses2023-04-3006888455ns5:LeaseholdImprovements2023-05-012024-04-3006888455ns5:FurnitureFittings2023-05-012024-04-3006888455ns5:MotorVehicles2023-05-012024-04-3006888455ns5:ComputerEquipment2023-05-012024-04-3006888455ns5:LeaseholdImprovements2023-04-3006888455ns5:FurnitureFittings2023-04-3006888455ns5:MotorVehicles2023-04-3006888455ns5:ComputerEquipment2023-04-3006888455ns5:LeaseholdImprovements2024-04-3006888455ns5:FurnitureFittings2024-04-3006888455ns5:MotorVehicles2024-04-3006888455ns5:ComputerEquipment2024-04-3006888455ns5:LeaseholdImprovements2023-04-3006888455ns5:FurnitureFittings2023-04-3006888455ns5:MotorVehicles2023-04-3006888455ns5:ComputerEquipment2023-04-3006888455ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3006888455ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3006888455ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-3006888455ns5:RetainedEarningsAccumulatedLosses2022-05-012023-04-30
REGISTERED NUMBER: 06888455 (England and Wales)












MERCURY ELECTRONIC WARFARE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






MERCURY ELECTRONIC WARFARE LIMITED (REGISTERED NUMBER: 06888455)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MERCURY ELECTRONIC WARFARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: T D Stevens
Mrs L R Stevens





SECRETARY: Mrs L R Stevens





REGISTERED OFFICE: Haverholme Priory Offices
Haverholme Park
Ewerby
Sleaford
Lincolnshire
NG34 9PF





REGISTERED NUMBER: 06888455 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
The Old Vicarage
Church Close
Boston
Lincolnshire
PE21 6NA

MERCURY ELECTRONIC WARFARE LIMITED (REGISTERED NUMBER: 06888455)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 112,199 111,639

CURRENT ASSETS
Debtors 4 289,736 214,786
Cash at bank 530,953 364,008
820,689 578,794
CREDITORS
Amounts falling due within one year 5 221,476 148,579
NET CURRENT ASSETS 599,213 430,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

711,412

541,854

PROVISIONS FOR LIABILITIES 18,633 18,065
NET ASSETS 692,779 523,789

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 692,679 523,689
SHAREHOLDERS' FUNDS 6 692,779 523,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

MERCURY ELECTRONIC WARFARE LIMITED (REGISTERED NUMBER: 06888455)

BALANCE SHEET - continued
30 APRIL 2024


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 Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





T D Stevens - Director


MERCURY ELECTRONIC WARFARE LIMITED (REGISTERED NUMBER: 06888455)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. 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.
Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 11 ) .

MERCURY ELECTRONIC WARFARE LIMITED (REGISTERED NUMBER: 06888455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 23,775 18,128 21,295 113,443 176,641
Additions - 1,122 - 17,667 18,789
At 30 April 2024 23,775 19,250 21,295 131,110 195,430
DEPRECIATION
At 1 May 2023 4,756 7,628 13,323 39,295 65,002
Charge for year 2,378 1,712 1,993 12,146 18,229
At 30 April 2024 7,134 9,340 15,316 51,441 83,231
NET BOOK VALUE
At 30 April 2024 16,641 9,910 5,979 79,669 112,199
At 30 April 2023 19,019 10,500 7,972 74,148 111,639

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 142,550 111,822
Other debtors 147,186 102,964
289,736 214,786

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 206,986 132,594
Other creditors 14,490 15,985
221,476 148,579

6. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2024 2023
£    £   
Profit for the financial year 333,990 238,211
Dividends (165,000 ) (160,000 )
Net addition to shareholders' funds 168,990 78,211
Opening shareholders' funds 523,789 445,578
Closing shareholders' funds 692,779 523,789