Company Registration No. 03791102 (England and Wales)
Mercury Developments Limited
Unaudited accounts
for the year ended 30 June 2024
Mercury Developments Limited
Unaudited accounts
Contents
Mercury Developments Limited
Company Information
for the year ended 30 June 2024
Company Number
03791102 (England and Wales)
Registered Office
9 SWAN LANE
LOUGHTON
ESSEX
IG10 4QW
ENGLAND
Accountants
SA Ledgers Ltd
57 Canbury Park Road
Kingston
KT2 6LQ
Mercury Developments Limited
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
(24,445)
(52,879)
Creditors: amounts falling due within one year
(15,198)
(16,167)
Net current assets
20,422
2,438
Total assets less current liabilities
20,422
4,135
Creditors: amounts falling due after more than one year
(154,663)
(35,694)
Net liabilities
(134,241)
(31,559)
Called up share capital
20
20
Profit and loss account
(134,261)
(31,579)
Shareholders' funds
(134,241)
(31,559)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 October 2024 and were signed on its behalf by
S Sangha
Director
Company Registration No. 03791102
Mercury Developments Limited
Notes to the Accounts
for the year ended 30 June 2024
Mercury Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 03791102. The registered office is 9 SWAN LANE, LOUGHTON, ESSEX, IG10 4QW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
2,568
18,478
21,046
At 30 June 2024
2,568
18,478
21,046
At 1 July 2023
2,568
16,781
19,349
Charge for the year
-
1,697
1,697
At 30 June 2024
2,568
18,478
21,046
At 30 June 2023
-
1,697
1,697
Mercury Developments Limited
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
35,050
28,050
Other debtors
23,929
42,454
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
(4,001)
Other creditors
14,998
19,848
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
339
1,074
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).