REGISTERED NUMBER: 08590503 (England and Wales)

MERCURY POWER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T M Benfield

S J Elliott

S L Farmer

REGISTERED OFFICE:

Robert Denholm House

Bletchingley Road

Nutfield

Surrey

RH1 4HW

REGISTERED NUMBER:

08590503 (England and Wales)

FIXED ASSETS

Intangible assets

4

105

735

Tangible assets

5

105,729

44,171

Investments

6

229,826

1

335,660

44,907

CURRENT ASSETS

Stocks

7

205,599

216,420

Debtors

8

1,538,960

2,990,443

Cash at bank

1,123,121

366,322

2,867,680

3,573,185

CREDITORS

Amounts falling due within one year

9

(2,536,680

)

(3,072,371

)

NET CURRENT ASSETS

331,000

500,814

TOTAL ASSETS LESS CURRENT LIABILITIES

666,660

545,721

CREDITORS

Amounts falling due after more than one year

10

(33,739

)

(71,826

)

PROVISIONS FOR LIABILITIES

(26,128

)

(10,875

)

NET ASSETS

606,793

463,020

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

49,960

49,960

Capital redemption reserve

40

40

Retained earnings

556,693

412,920

606,793

463,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 27 April 2026 and were signed on its behalf by:

S J Elliott - Director

1.	STATUTORY INFORMATION

Mercury Power Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliable measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery

-

Straight line over 4 years

Motor vehicles

-

Straight line over 3 years

Office equipment

-

Straight line over 3 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Financial assets

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 assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables 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 financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Develop-

ment costs

£

COST

At 1 August 2024

70,461

Additions

45

At 31 July 2025

70,506

AMORTISATION

At 1 August 2024

69,726

Amortisation for year

675

At 31 July 2025

70,401

NET BOOK VALUE

At 31 July 2025

105

At 31 July 2024

735

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 August 2024

92,215

-

140,929

233,144

Additions

9,052

7,100

93,661

109,813

At 31 July 2025

101,267

7,100

234,590

342,957

DEPRECIATION

At 1 August 2024

83,781

-

105,192

188,973

Charge for year

5,581

2,033

40,641

48,255

At 31 July 2025

89,362

2,033

145,833

237,228

NET BOOK VALUE

At 31 July 2025

11,905

5,067

88,757

105,729

At 31 July 2024

8,434

-

35,737

44,171

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 August 2024

1

Additions

229,825

At 31 July 2025

229,826

NET BOOK VALUE

At 31 July 2025

229,826

At 31 July 2024

1

7.

STOCKS

2025

2024

£

£

Stocks

205,599

216,420

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

660,692

2,588,794

Other debtors

878,268

401,649

1,538,960

2,990,443

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

66,667

80,000

Hire purchase contracts

37,835

14,613

Trade creditors

759,896

981,534

Taxation and social security

632,439

582,305

Other creditors

1,039,843

1,413,919

2,536,680

3,072,371

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

66,667

Hire purchase contracts

33,739

5,159

33,739

71,826

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

66,667

146,667

Hire purchase contracts

71,574

19,772

138,241

166,439

The bank loan is secured by a fixed and floating charge over the company's assets. The hire purchase liabilities are secured against the assets to which the agreements relate.

12.	OTHER FINANCIAL COMMITMENTS

As at the year-end, the company had future commitments under operating leases totalling £360,146 (2024: £146,232).