Mercury Rail and Transportation Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09623147 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th June 2017

for

Mercury Rail and Transportation Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

C M Baines

S F Taylor

SECRETARY:

Mrs K M Aro-Baines

REGISTERED OFFICE:

Ravenscourt

Coopers Green

Uckfield

East Sussex

TN22 3AA

REGISTERED NUMBER:

09623147 (England and Wales)

ACCOUNTANTS:

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

FIXED ASSETS

Tangible assets

4

481

-

CURRENT ASSETS

Debtors

97,112

27,461

Cash at bank

4,278

24,980

101,390

52,441

CREDITORS

Amounts falling due within one year

59,287

38,282

NET CURRENT ASSETS

42,103

14,159

TOTAL ASSETS LESS CURRENT LIABILITIES

42,584

14,159

PROVISIONS FOR LIABILITIES

91

-

NET ASSETS

42,493

14,159

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

42,293

13,959

SHAREHOLDERS' FUNDS

42,493

14,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 3rd January 2018 and were signed on its behalf by:

C M Baines - Director

S F Taylor - Director

1.	STATUTORY INFORMATION

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Taxation

Taxation for the year 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

563

At 30th June 2017

563

DEPRECIATION

Charge for year

82

At 30th June 2017

82

NET BOOK VALUE

At 30th June 2017

481

5.	RELATED PARTY DISCLOSURES

S.F. Taylor is a director and shareholder of Mercury Group.

At the balance sheet date the company was owed £25,000 (2016: £10,000) from Mercury Group Limited.

6.	ULTIMATE CONTROLLING PARTY

During the year the company was controlled by the directors.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Abridged Statement of Comprehensive Income and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Mercury Rail and Transportation Ltd for the year ended 30th June 2017 which comprise the

Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mercury Rail and Transportation Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mercury Rail and Transportation Ltd and state those matters that we have agreed to state to the Board of Directors of Mercury Rail and Transportation Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mercury Rail and Transportation Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mercury Rail and Transportation Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mercury Rail and Transportation Ltd. You consider that Mercury Rail and Transportation Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mercury Rail and Transportation Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

4th January 2018