Company Registration No. 02710815 (England and Wales)
Mercury Instruments Limited
Unaudited accounts
for the year ended 30 June 2018
Mercury Instruments Limited
Unaudited accounts
Contents
Mercury Instruments Limited
Company Information
for the year ended 30 June 2018
Company Number
02710815 (England and Wales)
Registered Office
CROMWELL HOUSE
2 CROMWELL TERRACE
ST. IVES
CAMBRIDGESHIRE
PE27 5JE
Accountants
C J Dyke & Company
The Old Police Station
Priory Road
St Ives
Cambs
PE27 5BB
Mercury Instruments Limited
Statement of financial position
as at 30 June 2018
Tangible assets
324,226
325,125
Cash at bank and in hand
142,736
210,776
Creditors: amounts falling due within one year
(47,568)
(134,915)
Net current assets
96,402
83,961
Total assets less current liabilities
420,628
409,086
Provisions for liabilities
Net assets
420,044
408,331
Called up share capital
100
100
Profit and loss account
419,944
408,231
Shareholders' funds
420,044
408,331
For the year ending 30 June 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 14 March 2019.
Mr S F Mead
Director
Company Registration No. 02710815
Mercury Instruments Limited
Notes to the Accounts
for the year ended 30 June 2018
Mercury Instruments Limited is a private company, limited by shares, registered in England and Wales, registration number 02710815. The registered office is CROMWELL HOUSE, 2 CROMWELL TERRACE, ST. IVES, CAMBRIDGESHIRE, PE27 5JE.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Mercury Instruments Limited
Notes to the Accounts
for the year ended 30 June 2018
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2017
321,152
13,410
39,866
374,428
At 30 June 2018
321,152
13,410
39,992
374,554
At 1 July 2017
-
10,747
38,556
49,303
Charge for the year
-
666
359
1,025
At 30 June 2018
-
11,413
38,915
50,328
At 30 June 2018
321,152
1,997
1,077
324,226
At 30 June 2017
321,152
2,663
1,310
325,125
Accrued income and prepayments
965
884
7
Creditors: amounts falling due within one year
2018
2017
Trade creditors
2,867
60,129
Taxes and social security
10,981
23,849
Loans from directors
33,250
50,465
8
Average number of employees
During the year the average number of employees was 2 (2017: 2).
