2023-09-012024-08-312024-08-31false11851233MERSEYSEC 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MERSEYSEC LTD

Registered Number
11851233
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

MERSEYSEC LTD
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

M. ALLEN
R.G. HENDERSON

Registered Address

Liscard Business Centre The Old School
188 Liscard Road
Wallasey
CH44 5TN

Registered Number

11851233 (England and Wales)
MERSEYSEC LTD
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets33,0044,005
3,0044,005
Current assets
Debtors3,0305,914
Cash at bank and on hand4,4585,228
7,48811,142
Creditors amounts falling due within one year4(22,670)(18,417)
Net current assets (liabilities)(15,182)(7,275)
Total assets less current liabilities(12,178)(3,270)
Provisions for liabilities5(571)(761)
Net assets(12,749)(4,031)
Capital and reserves
Called up share capital22
Profit and loss account(12,751)(4,033)
Shareholders' funds(12,749)(4,031)
The financial statements were approved and authorised for issue by the Board of Directors on 2 May 2025, and are signed on its behalf by:
R.G. HENDERSON
Director
Registered Company No. 11851233
MERSEYSEC LTD
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
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.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year104
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
At 01 September 236,3046,304
At 31 August 246,3046,304
Depreciation and impairment
At 01 September 232,2992,299
Charge for year1,0011,001
At 31 August 243,3003,300
Net book value
At 31 August 243,0043,004
At 31 August 234,0054,005
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,735897
Taxation and social security3,5724,403
Other creditors16,27312,427
Accrued liabilities and deferred income1,090690
Total22,67018,417
5.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)571761
Total571761