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Registered number: 11134262
Mercury Research UK Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
MyAccountant.co.uk Limited
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3
Notes to the Financial Statements 4—6
Page 1
Company Information
Director Mr G Alexander
Company Number 11134262
Registered Office Whitefriars
Lewins Mead
Bristol
BS1 2NT
Accountants MyAccountant.co.uk Limited
Whitefriars
Lewins Mead
Bristol
BS1 2NT
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Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
accounts of Mercury Research UK Limited for the year ended 31 December 2024 as set out on pages 4 to 9 from
the company's accounting records and from information and explanations you have given us.
It is your duty to ensure that Mercury Research UK Limited has kept adequate accounting records and to prepare
statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Mercury
Research UK Limited. You consider that Mercury Research UK Limited is exempt from the statutory audit
requirement for the year.
Signed
12/06/2025
MyAccountant.co.uk Limited
Whitefriars
Lewins Mead
Bristol
BS1 2NT
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Page 3
Balance Sheet
Registered number: 11134262
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,102 11,579
10,102 11,579
CURRENT ASSETS
Debtors 5 71,223 110,147
Cash at bank and in hand 13,831 268,824
85,054 378,971
Creditors: Amounts Falling Due Within One Year 6 (26,423 ) (416,779 )
NET CURRENT ASSETS (LIABILITIES) 58,631 (37,808 )
TOTAL ASSETS LESS CURRENT LIABILITIES 68,733 (26,229 )
NET ASSETS/(LIABILITIES) 68,733 (26,229 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 68,732 (26,230 )
SHAREHOLDERS' FUNDS 68,733 (26,229)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
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 G Alexander
Director
10/06/2025
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Mercury Research UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11134262 . The registered office is Whitefriars, Lewins Mead, Bristol, BS1 2NT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and
the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis.
2.3. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns,
rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured; 
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
2.4. Tangible Fixed Assets and Depreciation
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Computer Equipment Straight line over 3 years
2.5. Leasing and Hire Purchase Contracts
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
The total amount of financial commitments not included in the balance sheet is £482,460. The company has entered into a lease agreement for the premises at 68 William Street, London for a term of two years
from 1st November 2024 to 31st October 2026.
2.6. Foreign Currencies
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is
re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
2.7. Taxation
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
2.8. Pensions
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2.9. Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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2.10. Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 5)
3 5
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 28,167
Additions 7,925
As at 31 December 2024 36,092
Depreciation
As at 1 January 2024 16,588
Provided during the period 9,402
As at 31 December 2024 25,990
Net Book Value
As at 31 December 2024 10,102
As at 1 January 2024 11,579
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 19,145 -
Other debtors 52,078 110,147
71,223 110,147
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 119,552
Amounts owed to group undertakings - 6,037
Other creditors 5,753 275,237
Taxation and social security 20,670 15,953
26,423 416,779
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7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other
resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and
the time value of money is material, the initial measurement is on a present value basis.
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