| REGISTERED NUMBER: |
| MERCURAE LIMITED |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 |
| REGISTERED NUMBER: |
| MERCURAE LIMITED |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 |
| MERCURAE LIMITED (REGISTERED NUMBER: 12780967) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| MERCURAE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 2nd Floor, One Hobbs House, |
| Harrovian Business Village |
| Bessborough Road |
| Harrow |
| Middlesex |
| HA1 3EX |
| MERCURAE LIMITED (REGISTERED NUMBER: 12780967) |
| BALANCE SHEET |
| 31 OCTOBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Work in progress |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| 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. |
| MERCURAE LIMITED (REGISTERED NUMBER: 12780967) |
| BALANCE SHEET - continued |
| 31 OCTOBER 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| MERCURAE LIMITED (REGISTERED NUMBER: 12780967) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| 1. | STATUTORY INFORMATION |
| Mercurae Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents amount recoverable from client services provided during the year. Ordinarily, turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from client and is based on the time spent, skills and expertise provided and expenses incurred. |
| 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 |
| Plant and machinery etc | - |
| Work in progress |
| Work in progress is valued based on work done but not invoiced at the year end date. |
| Work in progress is calculated at the year end date on the basis of sales value. |
| Taxation |
| Taxation for the year comprises current and deferred 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 or deferred 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| Debtors |
| Trade debtors are measured at the transaction price, less any provisions for bad or doubtful debts. Loans receivable are measured at their transactional amounts, less any potential impairment. |
| MERCURAE LIMITED (REGISTERED NUMBER: 12780967) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Cash at bank and in hand |
| Cash at bank and in hand is represented by cash in hand and deposits held with financial institutions repayable without penalty or a notice of not less than 24 hour's. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Assets held in the finance leases or hire purchase agreements and the related obligations are recorded in the statement of financial position at the fair value of the assets at the inception of the agreements. The excess of the payments over the recorded obligations are treated as finance charges, which are amortised over the term of each agreement to give a consistent rate of charge on the remaining balance of the obligation. |
| 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 |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 1 November 2023 |
| Additions |
| At 31 October 2024 |
| AMORTISATION |
| At 1 November 2023 |
| Charge for year |
| At 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 31 October 2023 |
| MERCURAE LIMITED (REGISTERED NUMBER: 12780967) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 November 2023 |
| Additions |
| At 31 October 2024 |
| DEPRECIATION |
| At 1 November 2023 |
| Charge for year |
| At 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 31 October 2023 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Hire purchase contracts |
| MERCURAE LIMITED (REGISTERED NUMBER: 12780967) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Hire purchase contracts | 46,291 | 52,733 |
| The Hire purchase contracts are secured against the motor vehicle. |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal value | 2024 | 2023 |
| £ | £ |
| 2 | Ordinary | £1 | - | 2 |
| 1,000,000 | A Ordinary | £0.01 | 1,000 | - |
| 1,000,000 | B Ordinary | £0.01 | 1,000 | - |
| 222,222 | C Ordinary | £0.01 | 222 | - |
| 2,222 | 2 |
| Changes in Share Capital during the Year |
| 1. Issue of Shares |
| On 31 October 2024, the Company issued 1,998 Ordinary Shares of £1 each at nominal value, increasing the issued share capital by £1,998. |
| 2. Subdivision of Shares |
| On 31 October 2024, the Company subdivided 2,000 Ordinary Shares of £1 each into 2,000,000 Ordinary Shares of 0.1p each, with no change in the overall nominal value of the issued share capital. |
| 3. Redesignation of Ordinary Shares to A Ordinary Shares |
| On 31 October 2024, the Company redesignated 1,000,000 Ordinary Shares of 0.1p each into 1,000,000 A Ordinary Shares of 0.1p each, with no change in the total issued share capital. |
| 4. Redesignation of Ordinary Shares to B Ordinary Shares |
| On 31 October 2024, the Company redesignated 1,000,000 Ordinary Shares of 0.1p each into 1,000,000 B Ordinary Shares of 0.1p each, with no change in the total issued share capital. |
| 5. Issue of C Ordinary Shares |
| On 31 October 2024, the Company issued 222,222 C Ordinary Shares of 0.1p each at nominal value for cash consideration, increasing the issued share capital by £222.22. |
| 11. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 November 2023 |
| Profit for the year |
| At 31 October 2024 |
| MERCURAE LIMITED (REGISTERED NUMBER: 12780967) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| 12. | RELATED PARTY DISCLOSURES |
| At the year-end date, included within creditors, amounts falling due within one year is £17,206 (2023: £41,978) and £809 (2023: £28,979), owed to the directors T A Edwards and Mrs R Patrickson respectively. These amounts are unsecured, interest free and repayable on demand. |
| 13. | CONTROLLING PARTY |
| The controlling parties are Mr T A Edwards and Mrs R Patrickson. |