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REGISTERED NUMBER: 12780967 (England and Wales)















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: T A Edwards
Mrs R Patrickson
Ms J A Wood





REGISTERED OFFICE: 2nd Floor
10 Rathbone Place
London
W1T 1HP





REGISTERED NUMBER: 12780967 (England and Wales)





ACCOUNTANTS: Albury Associates Limited
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 22,648 13,510
Tangible assets 5 49,100 48,518
71,748 62,028

CURRENT ASSETS
Work in progress 81,800 14,233
Debtors 6 107,377 133,266
Cash at bank and in hand 147,694 42,043
336,871 189,542
CREDITORS
Amounts falling due within one year 7 291,611 155,399
NET CURRENT ASSETS 45,260 34,143
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,008

96,171

CREDITORS
Amounts falling due after more than one year 8 39,849 46,291
NET ASSETS 77,159 49,880

CAPITAL AND RESERVES
Called up share capital 10 2,222 2
Retained earnings 11 74,937 49,878
SHAREHOLDERS' FUNDS 77,159 49,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2025 and were signed on its behalf by:





T A Edwards - Director


MERCURAE LIMITED (REGISTERED NUMBER: 12780967)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Mercurae Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023 20,265
Additions 23,840
At 31 October 2024 44,105
AMORTISATION
At 1 November 2023 6,755
Charge for year 14,702
At 31 October 2024 21,457
NET BOOK VALUE
At 31 October 2024 22,648
At 31 October 2023 13,510

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 73,769
Additions 15,038
At 31 October 2024 88,807
DEPRECIATION
At 1 November 2023 25,251
Charge for year 14,456
At 31 October 2024 39,707
NET BOOK VALUE
At 31 October 2024 49,100
At 31 October 2023 48,518

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 90,148 118,583
Other debtors 17,229 14,683
107,377 133,266

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,442 6,442
Trade creditors 54,086 15,603
Taxation and social security 54,820 58,397
Other creditors 176,263 74,957
291,611 155,399

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 39,849 46,291

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 49,878
Profit for the year 25,059
At 31 October 2024 74,937

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.