Company Registration No. 7120387 (England and Wales)
MERCURY ASSET FINANCE LIMITED
Unaudited accounts
for the year ended 31 January 2018
MERCURY ASSET FINANCE LIMITED
Unaudited accounts
Contents
MERCURY ASSET FINANCE LIMITED
Company Information
for the year ended 31 January 2018
Company Number
7120387 (England and Wales)
Registered Office
C/O HILLMAN & CO TECHNOLOGY COURT
BRADBURY ROAD
NEWTON AYCLIFFE
COUNTY DURHAM
DL5 6DA
Accountants
Hillman & Co
Technology Court
Bradbury Road
NEWTON AYCLIFFE
Co. Durham
DL5 6DA
MERCURY ASSET FINANCE LIMITED
Statement of financial position
as at
31 January 2018
Tangible assets
164,655
154,010
Cash at bank and in hand
(32,763)
3,416
Creditors: amounts falling due within one year
(230,156)
(197,254)
Net current liabilities
(146,740)
(139,473)
Called up share capital
1
1
Profit and loss account
17,914
14,536
Shareholders' funds
17,915
14,537
For the year ending 31 January 2018 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 October 2018.
Seanus Forde
Director
Company Registration No. 7120387
MERCURY ASSET FINANCE LIMITED
Notes to the Accounts
for the year ended 31 January 2018
MERCURY ASSET FINANCE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 7120387. The registered office is C/O HILLMAN & CO TECHNOLOGY COURT, BRADBURY ROAD, NEWTON AYCLIFFE, COUNTY DURHAM, DL5 6DA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Straight Line
Motor vehicles
25% Straight Line
Computer equipment
33% Straight
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2017
197,312
-
782
198,094
Additions
-
34,035
-
34,035
At 31 January 2018
197,312
34,035
782
232,129
At 1 February 2017
43,482
-
602
44,084
Charge for the year
18,095
5,195
100
23,390
At 31 January 2018
61,577
5,195
702
67,474
At 31 January 2018
135,735
28,840
80
164,655
At 31 January 2017
153,830
-
180
154,010
MERCURY ASSET FINANCE LIMITED
Notes to the Accounts
for the year ended 31 January 2018
Trade debtors
115,091
53,277
Other debtors
1,088
1,088
6
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
226,676
185,308
Taxes and social security
(559)
3,577
Loans from directors
3,189
7,419
7
Average number of employees
During the year the average number of employees was 0 (2017: 0).