Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11706174 P A Mercer A Mercer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11706174 2024-03-31 11706174 2025-03-31 11706174 2024-04-01 2025-03-31 11706174 frs-core:CurrentFinancialInstruments 2025-03-31 11706174 frs-core:ShareCapital 2025-03-31 11706174 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11706174 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11706174 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11706174 frs-bus:SmallEntities 2024-04-01 2025-03-31 11706174 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11706174 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11706174 frs-bus:Director1 2024-04-01 2025-03-31 11706174 frs-bus:Director1 2024-03-31 11706174 frs-bus:Director1 2025-03-31 11706174 frs-bus:Director2 2024-04-01 2025-03-31 11706174 frs-bus:Director2 2024-03-31 11706174 frs-bus:Director2 2025-03-31 11706174 frs-countries:EnglandWales 2024-04-01 2025-03-31 11706174 2023-03-31 11706174 2024-03-31 11706174 2023-04-01 2024-03-31 11706174 frs-core:CurrentFinancialInstruments 2024-03-31 11706174 frs-core:ShareCapital 2024-03-31 11706174 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 11706174
P Mercer & Co Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
P Mercer & Co Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1
Notes to the Financial Statements | 2—3

Page 1
P Mercer & Co Ltd
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 11706174

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
CURRENT ASSETS
Debtors | 4 | 2,603 |  | 13,107 |
Cash at bank and in hand |  | 11,264 |  | 3,967 |
|  | 13,867 |  | 17,074 |
Creditors: Amounts Falling Due Within One Year | 5 | (13,010 ) |  | (10,960 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 857 |  | 6,114
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 857 |  | 6,114
NET ASSETS |  |  | 857 |  | 6,114
CAPITAL AND RESERVES
Called up share capital | 6 |  | 100 |  | 100
Profit and Loss Account |  |  | 757 |  | 6,014
SHAREHOLDERS' FUNDS |  |  | 857 |  | 6,114

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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

P A Mercer Director
3 October 2025

The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
P Mercer & Co Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
P Mercer & Co Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11706174 . The registered office is 33 Whirlow Court Road, Sheffield, S11 9NS.
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 rendering of services. Turnover is reduced for estimated rebates and other similar allowances.
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. Financial Instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 2
Page 3
P Mercer & Co Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.4. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 1,106 |  | 2,473
Other debtors | 1,497 |  | 10,634
| 2,603 |  | 13,107

5. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 175 |  | 48
Other creditors | 8,204 |  | 8,184
Taxation and social security | 4,631 |  | 2,728
| 13,010 |  | 10,960

Included in other creditors are amounts owed to P Mercerco Ltd, a company under common ownership, of £6,104 (2024: £6,104). The balance is interest free and repayable on demand.
6. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Called Up Share Capital not Paid | 100 |  | 100
Amount of Allotted, Called Up Share Capital | 100 |  | 100

7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 April 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 March 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Paul Mercer | 6,000 | - | 6,000 | - | -
Mrs Anne Mercer | 2,000 | - | 2,000 | - | -

The above loan is unsecured, interest free and repayable on demand.
Page 3