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REGISTERED NUMBER: 02700670 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MICROM UK LIMITED

MICROM UK LIMITED (REGISTERED NUMBER: 02700670)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MICROM UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr L J Stump
Mrs K Collins





REGISTERED OFFICE: 6 Langdale Court
Witney
Oxfordshire
OX28 6FG





BUSINESS ADDRESS: Hexagon House
Avenue 4 Station Lane
Witney
Oxfordshire
OX28 4BN





REGISTERED NUMBER: 02700670 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

MICROM UK LIMITED (REGISTERED NUMBER: 02700670)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,168 45,994

CURRENT ASSETS
Stocks 49,262 27,584
Debtors 5 30,409 59,526
Cash at bank and in hand 83,824 89,161
163,495 176,271
CREDITORS
Amounts falling due within one year 6 42,855 60,182
NET CURRENT ASSETS 120,640 116,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,808

162,083

PROVISIONS FOR LIABILITIES 7 7,920 8,396
NET ASSETS 155,888 153,687

CAPITAL AND RESERVES
Called up share capital 8 510 510
Capital redemption reserve 500 500
Retained earnings 154,878 152,677
SHAREHOLDERS' FUNDS 155,888 153,687

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

MICROM UK LIMITED (REGISTERED NUMBER: 02700670)

BALANCE SHEET - continued
31 MARCH 2023


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 21 September 2023 and were signed on its behalf by:





Mr L J Stump - Director


MICROM UK LIMITED (REGISTERED NUMBER: 02700670)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Microm Uk 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
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.
Plant and machinery - Straight line over 5 years
Fixtures and fittings - Straight line over 6 years
Motor vehicles - 18% on reducing balance
Computer equipment - Straight line over 2 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

MICROM UK LIMITED (REGISTERED NUMBER: 02700670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 6,258 - 35,500 20,203 61,961
Additions 341 396 - 8,002 8,739
Disposals - - - (9,396 ) (9,396 )
At 31 March 2023 6,599 396 35,500 18,809 61,304
DEPRECIATION
At 1 April 2022 3,954 - - 12,013 15,967
Charge for year 764 20 7,100 3,433 11,317
Eliminated on disposal - - - (9,148 ) (9,148 )
At 31 March 2023 4,718 20 7,100 6,298 18,136
NET BOOK VALUE
At 31 March 2023 1,881 376 28,400 12,511 43,168
At 31 March 2022 2,304 - 35,500 8,190 45,994

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 26,374 54,276
Furlough claims (290 ) (290 )
VAT 489 -
Prepayments 3,836 5,540
30,409 59,526

MICROM UK LIMITED (REGISTERED NUMBER: 02700670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 27,338 37,623
Tax 9,304 7,251
Social security and other taxes 2,994 1,738
VAT - 8,622
Accruals and deferred income 3,219 4,948
42,855 60,182

7. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax
Accelerated capital allowances 7,920 8,396

Deferred
tax
£   
Balance at 1 April 2022 8,396
Unused amounts reversed during year (476 )
Balance at 31 March 2023 7,920

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
500 Ordinary A £1.00 500 500
10 Ordinary C £1.00 10 10
510 510

9. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr L stump by virtue of his shareholding.