Mercurius IT Limited 31/03/2025 iXBRL

Company registration number: 05329986

Mercurius IT Limited

Filleted financial statements

31 March 2025

Mercurius IT Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	7	32,746		44,166
Investments	8	61,971		61,971
		_______		_______
			94,717		106,137

Current assets
Debtors	9	1,348,181		1,307,557
Cash at bank and in hand		1,260,801		1,145,935
		_______		_______
		2,608,982		2,453,492
Creditors: amounts falling due
within one year	10	( 1,168,305)		( 1,070,787)
		_______		_______
Net current assets			1,440,677		1,382,705
			_______		_______
Total assets less current liabilities			1,535,394		1,488,842

			_______		_______
Net assets			1,535,394		1,488,842
			_______		_______

Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			1,534,394		1,487,842
			_______		_______
Shareholders funds			1,535,394		1,488,842
			_______		_______

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 22 September 2025 , and are signed on behalf of the board by:

Mr. Jaywant Shivajirao Tahasildar Mr. Lee David Cridland

Director Director

Company registration number: 05329986

Mercurius IT Limited

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	1,000	1,278,791	1,279,791

Profit for the year		459,051	459,051
	_______	_______	_______
Total comprehensive income for the year	-	459,051	459,051

Dividends paid and payable		( 250,000)	( 250,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 250,000)	( 250,000)

	_______	_______	_______
At 31 March 2024 and 1 April 2024	1,000	1,487,842	1,488,842

Profit for the year		296,552	296,552
	_______	_______	_______
Total comprehensive income for the year	-	296,552	296,552

Dividends paid and payable		( 250,000)	( 250,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 250,000)	( 250,000)

	_______	_______	_______
At 31 March 2025	1,000	1,534,394	1,535,394
	_______	_______	_______

Mercurius IT Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales registration number 05329986 . The address of the registered office is 31-32 Chalkdell Drive, Shenley Wood, Milton Keynes, England, MK5 6LB.

2. Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with section 1A of Financial Reporting Standard 102 ,the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the entity. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies

The following principal accounting policies have been applied

Going concern

The financial statements have been prepared on the going concern basis as the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

Consolidation

The company is exempt from preparing consolidated accounts due to the group meeting the criteria for a small group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

In the case of long term contracts, turnover is recognised in line with the stage of completion of the project, based upon a review of labour costs incurred to date as a percentage of expected total labour costs. Turnover is then accrued or deferred as appropriate.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the Income statement except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.

Operating leases

Rentals paid under operating leases are charged to the profit or loss on a straight line basis over the lease term .

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	33.33 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Pension

The Company operates a defined contribution plan for its employees. A defined contribution plan is apension plan under which the Company pays fixed contributions into a separate entity. Once thecontributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paidare shown in accruals as a liability in the balance sheet. The assets of the plan are held separatelyfrom the Company in independently administered funds.Contributions to defined contribution plans are expensed in the period to which they relate.

3. Auditors remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	14,250	16,750

Fees payable to the company's auditor in respect of:
Other Services	430	850
	_______	_______
	14,680	17,600

4. Employee numbers

The average number of persons employed by the company during the year amounted to 24 (2024: 21 ).

5. Profit before taxation

Profit before taxation is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible assets	27,854	23,903
	_______	_______

6. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	73,124	66,705
Adjustments in respect of previous periods	-	( 12,338)
	_______	_______
Tax on profit	73,124	54,367
	_______	_______

Factors affecting tax charge for the year

The tax assessed for the year is higher than (2024: lower than) the standard rate of corporation tax

corporation tax in the UK of 25.00% (2024: 25.00%).

Year Year

ended ended

2025 2024

£ £

Profit on ordinary activities before tax 369,676 513,418

_______ | _______ |

Profit on ordinary activities multiplied by standard rate of 92,419 128,355

corporation tax in the UK of 25% (2024 - 25%)

Adjustments in respect of prior periods towards - (12,338)

research and development tax credit (39,642) -

Expenses not deductible for tax purposes 14,545 6,295

Effect of capital allowances and depreciation (4,108) (16,337)

Adjustment in research and development tax credit leading 9,910 (51,608)

to an increase (decrease) in the tax charge

_______ | _______ |

Tax on profit 73,124 54,367

_______ | _______ |

7. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 April 2024	124,371	124,371
Additions	16,434	16,434
	_______	_______
At 31 March 2025	140,805	140,805
	_______	_______
Depreciation
At 1 April 2024	80,205	80,205
Charge for the year	27,854	27,854
	_______	_______
At 31 March 2025	108,059	108,059
	_______	_______
Carrying amount
At 31 March 2025	32,746	32,746
	_______	_______
At 31 March 2024	44,166	44,166
	_______	_______

8. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	61,971	61,971
	_______	_______
Impairment
At 1 April 2024 and 31 March 2025	-	-
	_______	_______
Carrying amount
At 31 March 2025	61,971	61,971
	_______	_______
At 31 March 2024	61,971	61,971
	_______	_______

Mercurius IT Limited has a 99.9% investment in its Indian Subsidiary, Mercurius Info Tech (India) Pvt Ltd. of £61,971. The Subsidiary is in the business of IT Software Consultancy and Services. Mercurius IT Limited has a 90% investment in its Indian subsidiary, Venus Resource Consultancy Private Limited. The subsidiary is dormant and hence the investment is held at £1 in the financial statements.

9. Debtors

	2025	2024
	£	£
Trade debtors	932,806	990,479
Prepayments	3,907	17,399
Other debtors & accrued income	411,468	299,679
	_______	_______
	1,348,181	1,307,557
	_______	_______

10. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	509,215	542,936
Corporation tax	73,124	47,113
Social security and other taxes	285,702	234,230
Other creditors and deferred income	300,264	246,508
	_______	_______
	1,198,037	1,070,787
	_______	_______

11. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	71,492	46,785
Later than 1 year and not later than 5 years	48,941	54,837
	_______	_______
	120,433	101,622
	_______	_______

12. Summary audit opinion

The auditor's report dated 25 September 2025 was unqualified.

The senior statutory auditor was Allan Pinner FCCA for and on behalf of Kreston Reeves LLP

13. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr. Jaywant Shivajirao Tahasildar	25,098	1,235	( 26,500)	( 167)
	Mr. Lee David Cridland	75,334	3,707	( 20,000)	59,041
		_______	_______	_______	_______
		100,432	4,942	( 46,500)	58,874
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr. Jaywant Shivajirao Tahasildar	31,809	1,654	( 8,365)	25,098
	Mr. Lee David Cridland	81,084	4,302	( 10,052)	75,334
		_______	_______	_______	_______
		112,893	5,956	( 18,417)	100,432
		_______	_______	_______	_______

In the current year interest is charged on the loans at the higher of 1% or the Bank of England Base Rate and are repayable on demand.

14. Related party transactions

The company has taken the exemption in FRS 102 section 1AC.35 from disclosing transctions with related parties conducted under normal market conditions.