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REGISTERED NUMBER: 14172229 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Mercury Financial Management Limited

Mercury Financial Management Limited (Registered number: 14172229)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Mercury Financial Management Limited (Registered number: 14172229)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,339,045 1,015,894
Tangible assets 5 6,406 7,499
Investments 6 - 1,358,270
2,345,451 2,381,663

CURRENT ASSETS
Debtors 7 27,653 634
Cash at bank 57,013 97,149
84,666 97,783
CREDITORS
Amounts falling due within one year 8 (295,497 ) (333,137 )
NET CURRENT LIABILITIES (210,831 ) (235,354 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,134,620 2,146,309

CREDITORS
Amounts falling due after more than one
year

9

(1,975,794

)

(2,088,995

)
NET ASSETS 158,826 57,314

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 158,626 57,114
158,826 57,314

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Financial Management Limited (Registered number: 14172229)

Balance Sheet - continued
30 June 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 11 February 2025 and were signed on its behalf by:





Mr M S Pugh - Director


Mercury Financial Management Limited (Registered number: 14172229)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Mercury Financial Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14172229

Registered office: 43a Compstall Road
Romiley
Stockport
Cheshire
SK6 4BT

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.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current 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 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.

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 8 (2023 - 8 ) .

Mercury Financial Management Limited (Registered number: 14172229)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023 1,088,458
Additions 1,358,270
At 30 June 2024 2,446,728
AMORTISATION
At 1 July 2023 72,564
Charge for year 35,119
At 30 June 2024 107,683
NET BOOK VALUE
At 30 June 2024 2,339,045
At 30 June 2023 1,015,894

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 1,065 9,970 11,035
Additions 2,248 968 3,216
At 30 June 2024 3,313 10,938 14,251
DEPRECIATION
At 1 July 2023 213 3,323 3,536
Charge for year 663 3,646 4,309
At 30 June 2024 876 6,969 7,845
NET BOOK VALUE
At 30 June 2024 2,437 3,969 6,406
At 30 June 2023 852 6,647 7,499

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023 1,358,270
Disposals (1,358,270 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 1,358,270

Mercury Financial Management Limited (Registered number: 14172229)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 27,191 -
Other debtors 462 634
27,653 634

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 161,537 205,664
Taxation and social security 95,626 64,318
Other creditors 38,334 63,155
295,497 333,137

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 1,937,794 1,736,613
Other creditors 38,000 352,382
1,975,794 2,088,995

Amounts falling due in more than five years:

Repayable by instalments
Bank loan more than 5 years by installments 1,291,646 913,957