Mercury I T Management Limited

Mercury I T Management Limited
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	1,343	2,712
		1,343	2,712
Current assets
Debtors	4	13,305	21,669
Cash at bank and in hand		1,555	4,029
		14,860	25,698
Creditors: amount falling due within one year	5	(1,068)	(1,398)
Net current assets		13,792	24,300

Total assets less current liabilities		15,135	27,012
Net assets		15,135	27,012

Capital and reserves
Called up share capital	6	1	1
Profit and loss account		15,134	27,011
Shareholders' funds		15,135	27,012

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 15 December 2025 and were signed by:

-------------------------------
J Shone
Director

Mercury I T Management Limited
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

Mercury I T Management Limited is a private company, limited by shares, registered in England and Wales, registration number 05305997, registration address Whitfield Business Hub, 184-200 Pensby Road, Heswall, Wirral, CH60 7RJ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Current tax is recognised at the amount of tax payable using tax rates and laws that have been enacted or substantively enacted at the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Straight Line
Computer Equipment	33% Straight Line

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Computer Equipment	Total
	£	£	£
At 01 April 2024	1,724	18,104	19,828
Additions	-	176	176
Disposals	-	-	-
At 31 March 2025	1,724	18,280	20,004
Depreciation
At 01 April 2024	1,722	15,394	17,116
Charge for year	-	1,545	1,545
On disposals	-	-	-
At 31 March 2025	1,722	16,939	18,661
Net book values
Closing balance as at 31 March 2025	2	1,341	1,343
Opening balance as at 01 April 2024	2	2,710	2,712

Debtors: amounts falling due within one year

	2025 £	2024 £
Other Debtors	2,371	2,939
Corporation Tax	577	0
Directors' Current Accounts	10,357	18,730
	13,305	21,669

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	0	120
VAT Control Account	(170)	(137)
Corporation Tax	0	577
Accrued Expenses	1,238	838
	1,068	1,398

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
1 Ordinary share of £1.00 each	1		1
	1		1

7.	Director’s loan

Director's Advance

As at the year-end the director owed the company £10,357 (2023 - £18,730). This advance is unsecured, interest free and with no formal repayment schedule.

Particulars	Current £	2024 £
As at 01 April 2024	18,730	4,466
Advances	4,596	14,576
Repayments	(12,969)	(312)
As at 31 March 2025	10,357	18,730

Registered Number: 05305997
England and Wales
MERCURY I T MANAGEMENT LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025