Abbreviated Company Accounts - MERCURY DESIGNS LIMITED

Abbreviated Company Accounts - MERCURY DESIGNS LIMITED

MERCURY DESIGNS LIMITED - Company Information

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Registered Number 05576054

MERCURY DESIGNS LIMITED

Abbreviated Accounts

31 December 2015

MERCURY DESIGNS LIMITED Registered Number 05576054

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 90,863 114,281
90,863 114,281
Current assets
Stocks 230,137 158,575
Debtors 73,847 472,505
Investments 1,081,192 828,613
Cash at bank and in hand 568,852 729,152
1,954,028 2,188,845
Creditors: amounts falling due within one year (744,588) (1,100,003)
Net current assets (liabilities) 1,209,440 1,088,842
Total assets less current liabilities 1,300,303 1,203,123
Total net assets (liabilities) 1,300,303 1,203,123
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,300,203 1,203,023
Shareholders' funds 1,300,303 1,203,123
  • For the year ending 31 December 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2016

And signed on their behalf by:
Mr S Sumra, Director

MERCURY DESIGNS LIMITED Registered Number 05576054

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2008).

Turnover policy
Turnover comprises the invoiced value of services supplied by the company, net of Value added Tax.

2Tangible fixed assets
£
Cost
At 1 January 2015 224,658
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2015 224,658
Depreciation
At 1 January 2015 110,377
Charge for the year 23,418
On disposals -
At 31 December 2015 133,795
Net book values
At 31 December 2015 90,863
At 31 December 2014 114,281