Mercian Advisory Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 14290210 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

11 AUGUST 2022 TO 31 AUGUST 2023

FOR

MERCIAN ADVISORY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C A Ridgley

Mr M Tailby

REGISTERED OFFICE:

Business Innovation Centre

Harry Weston Road

Coventry

CV3 2TX

REGISTERED NUMBER:

14290210 (England and Wales)

FIXED ASSETS

Tangible assets

4

892

CURRENT ASSETS

Debtors

5

146,980

Cash at bank

828,108

975,088

CREDITORS

Amounts falling due within one year

6

973,598

NET CURRENT ASSETS

1,490

TOTAL ASSETS LESS CURRENT LIABILITIES

2,382

PROVISIONS FOR LIABILITIES

223

NET ASSETS

2,159

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

2,059

2,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2023 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 10 May 2024 and were signed on its behalf by:

Mr C A Ridgley - Director

Mr M Tailby - Director

1.	STATUTORY INFORMATION

Mercian Advisory 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

The turnover was derived from the company's principal activity, represents the fair value for the sale of goods and services, excluding value added taxes and is recorded at the value of the consideration due.

The company provides services and supplies products to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on the exchange of goods and completion of services.

Tangible fixed assets

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

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the period 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 period 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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

1,115

At 31 August 2023

1,115

DEPRECIATION

Charge for period

223

At 31 August 2023

223

NET BOOK VALUE

At 31 August 2023

892

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

52,510

Amounts owed by group undertakings

18,000

Amounts recoverable on contract

65,000

Other debtors

11,470

146,980

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

77,660

Taxation and social security

78,869

Other creditors

817,069

973,598