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REGISTERED NUMBER: 01474969 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

MICRA PATTERN CO. LIMITED

MICRA PATTERN CO. LIMITED (REGISTERED NUMBER: 01474969)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MICRA PATTERN CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: M L Smith
Mrs M Smith





SECRETARY: Mrs M Smith





REGISTERED OFFICE: 91 Sorby Street
Sheffield
South Yorkshire
S4 7LA





REGISTERED NUMBER: 01474969 (England and Wales)





ACCOUNTANTS: Procter and Co Accountants Ltd
Chartered Accountants
21A Sandygate Road
Sheffield
South Yorkshire
S10 5NG

MICRA PATTERN CO. LIMITED (REGISTERED NUMBER: 01474969)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 130,063 137,495

CURRENT ASSETS
Stocks 12,392 7,820
Debtors 5 167,558 154,110
Cash at bank and in hand 10,697 44,889
190,647 206,819
CREDITORS
Amounts falling due within one year 6 (20,561 ) (36,013 )
NET CURRENT ASSETS 170,086 170,806
TOTAL ASSETS LESS CURRENT
LIABILITIES

300,149

308,301

PROVISIONS FOR LIABILITIES (36,132 ) (37,075 )
NET ASSETS 264,017 271,226

CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium 32,018 32,018
Revaluation reserve 9 109,995 109,995
Retained earnings 121,904 129,113
SHAREHOLDERS' FUNDS 264,017 271,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

MICRA PATTERN CO. LIMITED (REGISTERED NUMBER: 01474969)

BALANCE SHEET - continued
28 FEBRUARY 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 November 2023 and were signed on its behalf by:





M L Smith - Director


MICRA PATTERN CO. LIMITED (REGISTERED NUMBER: 01474969)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Micra Pattern Co. 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 as modified by the revaluation of certain assets.

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.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance, 10% on reducing balance and 10% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
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 pension charge in the accounts relates to contributions made to private stakeholder pensions.

MICRA PATTERN CO. LIMITED (REGISTERED NUMBER: 01474969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 139,007 710,820 849,827
Additions - 1,090 1,090
At 28 February 2023 139,007 711,910 850,917
DEPRECIATION
At 1 March 2022 62,988 649,344 712,332
Charge for year 2,086 6,436 8,522
At 28 February 2023 65,074 655,780 720,854
NET BOOK VALUE
At 28 February 2023 73,933 56,130 130,063
At 28 February 2022 76,019 61,476 137,495

The leasehold premises at Sorby Street were revalued at £139,007. This gave rise to a revaluation reserve of £135,796. The original cost of the property was £3,211 and £1,503 depreciation would have been charged under the historical cost accounting rules, giving a carrying amount of £1,708.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 159,864 137,935
Other debtors 7,694 16,175
167,558 154,110

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,409 13,491
Taxation and social security 1,593 11,547
Other creditors 8,559 10,975
20,561 36,013

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 335 670

MICRA PATTERN CO. LIMITED (REGISTERED NUMBER: 01474969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100

9. RESERVES
Revaluation
reserve
£   
At 1 March 2022
and 28 February 2023 109,995

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
M L Smith
Balance outstanding at start of year 8,945 -
Amounts advanced 549 8,945
Amounts repaid (9,291 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 203 8,945

No interest has been charged on the director's loan.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.