Company Registration No. 12629360 (England and Wales)
Mic Burns Limited
Unaudited accounts
for the year ended 31 May 2023
Mic Burns Limited
Unaudited accounts
Contents
Mic Burns Limited
Company Information
for the year ended 31 May 2023
Company Number
12629360 (England and Wales)
Registered Office
1 Ely Close
Priorslee
Telford
TF2 9UW
ENGLAND
Accountants
Nelly's Accountants
71 Woodland Avenue
Tettenhall Wood
Wolverhampton
West Midlands
WV6 8ND
Mic Burns Limited
Statement of financial position
as at 31 May 2023
Tangible assets
4,802
5,650
Cash at bank and in hand
38,944
30,476
Creditors: amounts falling due within one year
(20,088)
(28,218)
Net current assets
23,827
2,258
Total assets less current liabilities
28,629
7,908
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
27,716
6,833
Shareholders' funds
27,717
6,834
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 19 November 2023 and were signed on its behalf by
Michael Burns
Director
Company Registration No. 12629360
Mic Burns Limited
Notes to the Accounts
for the year ended 31 May 2023
Mic Burns Limited is a private company, limited by shares, registered in England and Wales, registration number 12629360. The registered office is 1 Ely Close, Priorslee, Telford, TF2 9UW, 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 and all values are rounded to the nearest pound.
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:
Computer equipment
15% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Mic Burns Limited
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
14,854
7,461
Loans from directors
238
20,507
7
Deferred taxation
2023
2022
Accelerated capital allowances
912
1,074
Provision at start of year
1,074
-
(Credited)/charged to the profit and loss account
(162)
1,074
Provision at end of year
912
1,074
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Mic Burns Limited
Notes to the Accounts
for the year ended 31 May 2023
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).