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Mercer Street Security Systems Limited
for the Year Ended 31 March 2023
Mercer Street Security Systems Limited
Contents
Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Mercer Street Security Systems Limited
(Registration number: 05742698)
Statement of Financial Position as at 31 March 2023
Note |
2023 |
2022 |
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Fixed assets |
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Investments |
- |
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Current assets |
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Debtors |
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- |
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Cash at bank and in hand |
- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets/(liabilities) |
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( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
- |
( |
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Net assets/(liabilities) |
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( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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( |
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Total equity |
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Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Approved and authorised for issue by the
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Mercer Street Security Systems Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
The directors have decided to prepare the financial statements on a basis other than of a going concern. The financial statements have been prepared on a break-up basis at the year end. In adopting the break-up basis at the year end the following policies and procedures were implemented.
- all assets have been disclosed at values at which they are expected to be realised;
- all liabilities reflect the full amount at which they are expected to materialise.
These financial statements are prepared in sterling which is the functional currency of the entity.
Going concern
The directors consider it inappropriate to prepare the financial statements on a going concern and therefore the directors have prepared the financial statements on a break-up basis as set out under the basis of preparation.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Mercer Street Security Systems Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)
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Accounting policies (continued) |
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Financial instruments
Recognition and measurement
Investments |
2023 |
2022 |
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Investments in associates |
- |
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Associates |
£ |
Cost |
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At 1 April 2022 |
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Disposals |
( |
At 31 March 2023 |
- |
Provision |
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Carrying amount |
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At 31 March 2023 |
- |
At 31 March 2022 |
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Debtors |
Current |
2023 |
2022 |
Other debtors |
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- |
Mercer Street Security Systems Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023 (continued)
Creditors |
2023 |
2022 |
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Due within one year |
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Other creditors |
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Due after one year |
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Other non-current financial liabilities |
- |
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