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Registered Number: 06696569
England and Wales

 

 

 

MICROFAST TECHNOLOGIES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
  2023   2022
    £ £   £ £
Fixed assets   3,368      2,557 
Current assets 141,783      189,073   
Creditors: amount falling due within one year (20,459)     (11,717)  
Net current assets   121,324      177,356 
Total assets less current liabilities   124,692      179,913 
Creditors: amount falling due after more than one year   (34,027)     (44,676)
Net assets   90,665      135,237 
 

         
Capital and reserves   90,665      135,237 
 
NOTES TO THE ACCOUNTS

General Information
MICROFAST TECHNOLOGIES LTD is a private company, limited by shares, registered in England and Wales, registration number 06696569, registration address 17 Hunters Grove, Kenton, Harrow, Middlesex, HA3 9AB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the year was 4 (2022 : 4).


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 01 November 2023 and were signed on its behalf by:


--------------------------------
Sumanth Reddy Marepalli Marepalli
Director
1