Acorah Software Products - Accounts Production 16.2.850 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 13538530 Mr M W Ede Mrs S Ede iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13538530 2023-07-31 13538530 2024-07-31 13538530 2023-08-01 2024-07-31 13538530 frs-core:CurrentFinancialInstruments 2024-07-31 13538530 frs-core:ShareCapital 2024-07-31 13538530 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 13538530 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13538530 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 13538530 frs-bus:SmallEntities 2023-08-01 2024-07-31 13538530 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 13538530 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13538530 frs-bus:Director1 2023-08-01 2024-07-31 13538530 frs-bus:Director2 2023-08-01 2024-07-31 13538530 frs-countries:EnglandWales 2023-08-01 2024-07-31 13538530 2022-07-31 13538530 2023-07-31 13538530 2022-08-01 2023-07-31 13538530 frs-core:CurrentFinancialInstruments 2023-07-31 13538530 frs-core:ShareCapital 2023-07-31 13538530 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 13538530
Mercia EV Ltd
Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13538530
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 10,500 10,500
Debtors 5 5,065 365
Cash at bank and in hand 735 2,240
16,300 13,105
Creditors: Amounts Falling Due Within One Year 6 (16,033 ) (4,436 )
NET CURRENT ASSETS (LIABILITIES) 267 8,669
TOTAL ASSETS LESS CURRENT LIABILITIES 267 8,669
NET ASSETS 267 8,669
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 265 8,667
SHAREHOLDERS' FUNDS 267 8,669
For the year ending 31 July 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M W Ede
Director
8 April 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Mercia EV Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13538530 . The registered office is Unit 2 Grassy Court, Etwall Road, Mickleover, Derby, DE3 0BX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Stocks
2024 2023
£ £
Stock 10,500 10,500
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 5,065 365
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 600 (1 )
Other creditors 6,675 675
Taxation and social security 8,758 3,762
16,033 4,436
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
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