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
Mycena Systems Ltd
Company Information
for the year ended 28 February 2023
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
Mycena Systems Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
7,482
3,053
Cash at bank and in hand
17,559
1,524
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
Net assets/(liabilities)
371
(13,706)
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
Mycena Systems Ltd
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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 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.
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
At 1 March 2022
484
503
987
Charge for the year
777
157
934
At 28 February 2023
1,261
660
1,921
At 28 February 2023
4,413
3,069
7,482
At 28 February 2022
875
2,178
3,053
Amounts falling due within one year
Accrued income and prepayments
-
2,312
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
14,122
192
Taxes and social security
7,020
66
Loans from directors
24,496
19,627
7
Average number of employees
During the year the average number of employees was 1 (2022: 2).