IRIS Accounts Production v24.2.0.383 09524816 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:kWh095248162023-04-30095248162024-04-30095248162023-05-012024-04-30095248162022-04-30095248162022-05-012023-04-30095248162023-04-3009524816ns15:EnglandWales2023-05-012024-04-3009524816ns14:PoundSterling2023-05-012024-04-3009524816ns10:Director12023-05-012024-04-3009524816ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3009524816ns10:SmallEntities2023-05-012024-04-3009524816ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3009524816ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3009524816ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3009524816ns10:FullAccounts2023-05-012024-04-3009524816ns10:Director22023-05-012024-04-3009524816ns10:RegisteredOffice2023-05-012024-04-3009524816ns5:CurrentFinancialInstruments2024-04-3009524816ns5:CurrentFinancialInstruments2023-04-3009524816ns5:ShareCapital2024-04-3009524816ns5:ShareCapital2023-04-3009524816ns5:RetainedEarningsAccumulatedLosses2024-04-3009524816ns5:RetainedEarningsAccumulatedLosses2023-04-3009524816ns5:PlantMachinery2023-05-012024-04-3009524816ns5:PlantMachinery2023-04-3009524816ns5:PlantMachinery2024-04-3009524816ns5:PlantMachinery2023-04-3009524816ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3009524816ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: 09524816 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

MERCIA STRATEGIES LTD

MERCIA STRATEGIES LTD (REGISTERED NUMBER: 09524816)

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


MERCIA STRATEGIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: M Banbury
F Banbury





REGISTERED OFFICE: Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA





REGISTERED NUMBER: 09524816 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

MERCIA STRATEGIES LTD (REGISTERED NUMBER: 09524816)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 94,035 1,319

CURRENT ASSETS
Debtors 5 1,209 43,498
Investments 6 108,899 108,899
Cash at bank 202,663 168,164
312,771 320,561
CREDITORS
Amounts falling due within one year 7 121,062 109,120
NET CURRENT ASSETS 191,709 211,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

285,744

212,760

CAPITAL AND RESERVES
Called up and paid share capital 2 2
Retained earnings 285,742 212,758
285,744 212,760

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.

MERCIA STRATEGIES LTD (REGISTERED NUMBER: 09524816)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





M Banbury - Director


MERCIA STRATEGIES LTD (REGISTERED NUMBER: 09524816)

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


1. STATUTORY INFORMATION

Mercia Strategies 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 etc - 33% on cost and 25% on reducing balance

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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


MERCIA STRATEGIES LTD (REGISTERED NUMBER: 09524816)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 1,978
Additions 124,500
At 30 April 2024 126,478
DEPRECIATION
At 1 May 2023 659
Charge for year 31,784
At 30 April 2024 32,443
NET BOOK VALUE
At 30 April 2024 94,035
At 30 April 2023 1,319

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,209 43,498

MERCIA STRATEGIES LTD (REGISTERED NUMBER: 09524816)

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


6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 8,899 8,899
Other investments 100,000 100,000
108,899 108,899

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 90,000 50,000
Taxation and social security 20,966 46,941
Other creditors 10,096 12,179
121,062 109,120

8. RELATED PARTY DISCLOSURES

During the year the company operated a loan with another company of which the director has an involvement. At the year end the balance outstanding was £90,000 (2023 £50,000).