Registered number
08405594
LEE MERCER CONSULTANCY LTD
Filleted Accounts
28 February 2025
LEE MERCER CONSULTANCY LTD
Registered number: 08405594
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 4,663 6,959
Current assets
Debtors 4 1,224 276
Cash at bank and in hand 16,573 18,441
17,797 18,717
Creditors: amounts falling due within one year 5 (3,357) (1,174)
Net current assets 14,440 17,543
Total assets less current liabilities 19,103 24,502
Provisions for liabilities (886) (1,322)
Net assets 18,217 23,180
Capital and reserves
Called up share capital 1 1
Profit and loss account 18,216 23,179
Shareholder's funds 18,217 23,180
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Lee Mercer
Director
Approved by the board on 25 March 2025
LEE MERCER CONSULTANCY LTD
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Motor vehicles 33% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 March 2024 51,545
At 28 February 2025 51,545
Depreciation
At 1 March 2024 44,586
Charge for the year 2,296
At 28 February 2025 46,882
Net book value
At 28 February 2025 4,663
At 29 February 2024 6,959
4 Debtors 2025 2024
£ £
Trade debtors 1,224 276
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 2,307 124
Other creditors 1,050 1,050
3,357 1,174
6 Other information
LEE MERCER CONSULTANCY LTD is a private company limited by shares and incorporated in England. Its registered office is:
3 Heywood Farm Cottages
Snowball Hill
Maidenhead
Berkshire
SL6 3LU
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