Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 10472832 Mr Eli Gabso iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10472832 2023-12-31 10472832 2024-12-31 10472832 2024-01-01 2024-12-31 10472832 frs-core:CurrentFinancialInstruments 2024-12-31 10472832 frs-core:ComputerEquipment 2024-12-31 10472832 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10472832 frs-core:ComputerEquipment 2023-12-31 10472832 frs-core:FurnitureFittings 2024-01-01 2024-12-31 10472832 frs-core:ShareCapital 2024-12-31 10472832 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10472832 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10472832 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10472832 frs-bus:SmallEntities 2024-01-01 2024-12-31 10472832 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10472832 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10472832 frs-bus:Director1 2024-01-01 2024-12-31 10472832 frs-bus:Director1 2023-12-31 10472832 frs-bus:Director1 2024-12-31 10472832 frs-countries:EnglandWales 2024-01-01 2024-12-31 10472832 2022-12-31 10472832 2023-12-31 10472832 2023-01-01 2023-12-31 10472832 frs-core:CurrentFinancialInstruments 2023-12-31 10472832 frs-core:ShareCapital 2023-12-31 10472832 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10472832
Mercury Advisory Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10472832
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,673 603
1,673 603
CURRENT ASSETS
Debtors 5 29,378 19,936
Cash at bank and in hand 25,187 43,690
54,565 63,626
Creditors: Amounts Falling Due Within One Year 6 (136,498 ) (194,548 )
NET CURRENT ASSETS (LIABILITIES) (81,933 ) (130,922 )
TOTAL ASSETS LESS CURRENT LIABILITIES (80,260 ) (130,319 )
NET LIABILITIES (80,260 ) (130,319 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (80,261 ) (130,320 )
SHAREHOLDERS' FUNDS (80,260) (130,319)
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 Eli Gabso
Director
26/09/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Mercury Advisory Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10472832 . The registered office is Ariel House, 6th Floor, 74a Charlotte Street, London, W1T 4QJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20%
Computer Equipment 20%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 3,346
Additions 2,292
As at 31 December 2024 5,638
Depreciation
As at 1 January 2024 2,743
Provided during the period 1,222
As at 31 December 2024 3,965
Net Book Value
As at 31 December 2024 1,673
As at 1 January 2024 603
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 6,900 6,900
VAT 20,667 9,471
Director's loan account 1,811 3,565
29,378 19,936
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 109,562 155,054
Bank loans and overdrafts 4,955 4,130
Accruals and deferred income 21,981 35,364
136,498 194,548
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
Loan to Eli Gabso cleared within 9 months
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Eli Gabso 3,564 - - - -
The above loan is unsecured, interest free and repayable on demand.
Page 3