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Company Registration No. 11825054 (England and Wales)
Mycena Systems Ltd Unaudited accounts for the year ended 28 February 2023
Mycena Systems Ltd Unaudited accounts Contents
Page
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Mycena Systems Ltd Company Information for the year ended 28 February 2023
Director
Colin Dean Rose
Company Number
11825054 (England and Wales)
Registered Office
Wolfe Mead Farnham Road Bordon Hampshire GU35 0NH England
Accountants
M A Accountancy Group Wolfe Mead Farnham Road Bordon Hampshire GU35 0NH
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Mycena Systems Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,482 
3,053 
Current assets
Debtors
23,474 
2,582 
Cash at bank and in hand
17,559 
1,524 
41,033 
4,106 
Creditors: amounts falling due within one year
(46,742)
(20,865)
Net current liabilities
(5,709)
(16,759)
Total assets less current liabilities
1,773 
(13,706)
Provisions for liabilities
Deferred tax
(1,402)
- 
Net assets/(liabilities)
371 
(13,706)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
370 
(13,707)
Shareholders' funds
371 
(13,706)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 November 2023 and were signed on its behalf by
Colin Dean Rose Director Company Registration No. 11825054
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Mycena Systems Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Mycena Systems Ltd is a private company, limited by shares, registered in England and Wales, registration number 11825054. The registered office is Wolfe Mead, Farnham Road, Bordon, Hampshire, GU35 0NH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Going concern
The director is of the opinion that the company will continue to receive this support and on this basis considers it appropriate to prepare the accounts on a going concern basis. The financials statements do not include any adjustment that would result from the withdrawal of support by the director.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Mycena Systems Ltd Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
1,359 
2,681 
4,040 
Additions
4,315 
1,048 
5,363 
At 28 February 2023
5,674 
3,729 
9,403 
Depreciation
At 1 March 2022
484 
503 
987 
Charge for the year
777 
157 
934 
At 28 February 2023
1,261 
660 
1,921 
Net book value
At 28 February 2023
4,413 
3,069 
7,482 
At 28 February 2022
875 
2,178 
3,053 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,284 
- 
Accrued income and prepayments
- 
2,312 
Other debtors
1,190 
270 
23,474 
2,582 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
14,122 
192 
Taxes and social security
7,020 
66 
Other creditors
304 
180 
Loans from directors
24,496 
19,627 
Accruals
800 
800 
46,742 
20,865 
7
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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