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REGISTERED NUMBER: 08375500 (England and Wales)












Financial Statements

for the Year Ended 31 March 2022

for

Micro-D Limited

Micro-D Limited (Registered number: 08375500)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Micro-D Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: B Kersh





REGISTERED OFFICE: Unit R Buffalo Court
Kansas Avenue
Salford
M50 2QL





REGISTERED NUMBER: 08375500 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ

Micro-D Limited (Registered number: 08375500)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 140,219 145,052

CURRENT ASSETS
Debtors 5 479,441 520,686
Cash at bank and in hand 418,281 334,845
897,722 855,531
CREDITORS
Amounts falling due within one year 6 403,572 454,521
NET CURRENT ASSETS 494,150 401,010
TOTAL ASSETS LESS CURRENT
LIABILITIES

634,369

546,062

CREDITORS
Amounts falling due after more than one
year

7

141,875

157,131
NET ASSETS 492,494 388,931

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 50,000 50,000
Retained earnings 442,394 338,831
SHAREHOLDERS' FUNDS 492,494 388,931

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Micro-D Limited (Registered number: 08375500)

Balance Sheet - continued
31 March 2022


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 director and authorised for issue on 5 September 2022 and were signed by:





B Kersh - Director


Micro-D Limited (Registered number: 08375500)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Micro-D 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.

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
Revenue 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.
Leasehold property - 2% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Micro-D Limited (Registered number: 08375500)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Leasehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2021
and 31 March 2022 147,431 20,226 11,696 179,353
DEPRECIATION
At 1 April 2021 10,873 15,432 7,996 34,301
Charge for year 2,949 959 925 4,833
At 31 March 2022 13,822 16,391 8,921 39,134
NET BOOK VALUE
At 31 March 2022 133,609 3,835 2,775 140,219
At 31 March 2021 136,558 4,794 3,700 145,052

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 437,023 452,674
Other debtors 42,418 68,012
479,441 520,686

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 30,000 30,000
Trade creditors 293,046 384,593
Taxation and social security 64,917 29,991
Other creditors 15,609 9,937
403,572 454,521

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans 100,000 110,000
Other creditors 41,875 47,131
141,875 157,131

Micro-D Limited (Registered number: 08375500)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.22 31.3.21
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 13,455 18,711