REGISTERED NUMBER: 06888455 (England and Wales)

MERCURY ELECTRONIC WARFARE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T D Stevens

Mrs L R Stevens

SECRETARY:

Mrs L R Stevens

REGISTERED OFFICE:

Haverholme Priory Offices

Haverholme Park

Ewerby

Sleaford

Lincolnshire

NG34 9PF

REGISTERED NUMBER:

06888455 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

The Old Vicarage

Church Close

Boston

Lincolnshire

PE21 6NA

FIXED ASSETS

Tangible assets

3

103,601

112,199

CURRENT ASSETS

Debtors

4

364,836

289,736

Cash at bank

565,446

530,953

930,282

820,689

CREDITORS

Amounts falling due within one year

5

245,373

221,476

NET CURRENT ASSETS

684,909

599,213

TOTAL ASSETS LESS CURRENT LIABILITIES

788,510

711,412

PROVISIONS FOR LIABILITIES

16,896

18,633

NET ASSETS

771,614

692,779

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

771,514

692,679

SHAREHOLDERS' FUNDS

6

771,614

692,779

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

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 29 July 2025 and were signed on its behalf by:

T D Stevens - Director

1.	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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

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.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 17 ) .

3.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

23,775

19,250

21,295

131,110

195,430

Additions

-

1,357

-

7,907

9,264

At 30 April 2025

23,775

20,607

21,295

139,017

204,694

DEPRECIATION

At 1 May 2024

7,134

9,340

15,316

51,441

83,231

Charge for year

2,378

1,606

1,495

12,383

17,862

At 30 April 2025

9,512

10,946

16,811

63,824

101,093

NET BOOK VALUE

At 30 April 2025

14,263

9,661

4,484

75,193

103,601

At 30 April 2024

16,641

9,910

5,979

79,669

112,199

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

194,045

142,550

Other debtors

170,791

147,186

364,836

289,736

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

(80

)

-

Taxation and social security

230,249

206,986

Other creditors

15,204

14,490

245,373

221,476

6.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

2025

2024

£

£

Profit for the financial year

248,835

333,990

Dividends

(170,000

)

(165,000

)

Net addition to shareholders' funds

78,835

168,990

Opening shareholders' funds

692,779

523,789

Closing shareholders' funds

771,614

692,779