Company Registration No. 05262179 (England and Wales)
Mercury Electrical Ltd
Unaudited accounts
for the year ended 31 March 2020
Mercury Electrical Ltd
Unaudited accounts
Contents
Mercury Electrical Ltd
Company Information
for the year ended 31 March 2020
Company Number
05262179 (England and Wales)
Registered Office
6 ACTON LANE
MORETON
WIRRAL
MERSEYSIDE
CH46 6EA
UNITED KINGDOM
Accountants
SQK Accountancy Limited
275 Deansgate
Manchester
North West England
M3 4EL
Mercury Electrical Ltd
Statement of financial position
as at 31 March 2020
Tangible assets
7,735
9,424
Cash at bank and in hand
-
30,432
Creditors: amounts falling due within one year
(9,816)
(35,524)
Net current liabilities
(9,566)
(4,562)
Total assets less current liabilities
(1,831)
4,862
Creditors: amounts falling due after more than one year
-
(5,639)
Net liabilities
(1,831)
(777)
Called up share capital
1
1
Profit and loss account
(1,832)
(778)
Shareholders' funds
(1,831)
(777)
For the year ending 31 March 2020 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.
The financial statements were approved by the Board and authorised for issue on 30 January 2021 and were signed on its behalf by
Kevin Wallace
Director
Company Registration No. 05262179
Mercury Electrical Ltd
Notes to the Accounts
for the year ended 31 March 2020
Mercury Electrical Ltd is a private company, limited by shares, registered in England and Wales, registration number 05262179. The registered office is 6 ACTON LANE, MORETON, WIRRAL, MERSEYSIDE, CH46 6EA, UNITED KINGDOM.
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
25% Straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2019
6,431
14,386
20,817
At 31 March 2020
6,431
14,386
20,817
At 1 April 2019
5,639
5,754
11,393
Charge for the year
251
1,438
1,689
At 31 March 2020
5,890
7,192
13,082
At 31 March 2020
541
7,194
7,735
At 31 March 2019
792
8,632
9,424
Mercury Electrical Ltd
Notes to the Accounts
for the year ended 31 March 2020
7
Creditors: amounts falling due within one year
2020
2019
Obligations under finance leases and hire purchase contracts
6,658
2,039
Taxes and social security
2,670
7,474
Loans from directors
8
25,177
8
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
-
5,639
9
Average number of employees
During the year the average number of employees was 0 (2019: 0).
