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Registered Number: 07938835
England and Wales

 

 

 

MICROBIT TECHNOLOGIES LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023
Director Kiran Kumar Chirthal
Registered Number 07938835
Registered Office 16 Reynolds Court Baring Road
Beaconsfield
England
HP9 2NA
Accountants 3E'S Accountants Limited
231 Kenton Road
Harrow
Middlesex
England
HA3 0HD
1
 
 
Notes
 
2023
£
  2022
£
Current assets      
Debtors 3 45,924    56,144 
Cash at bank and in hand 101    439 
46,025    56,583 
Creditors: amount falling due within one year 4 (47,071)   (65,848)
Net current liabilities (1,046)   (9,265)
 
Total assets less current liabilities (1,046)   (9,265)
Creditors: amount falling due after more than one year 5 (23,018)  
Net liabilities (24,064)   (9,265)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (24,164)   (9,365)
Shareholder's funds (24,064)   (9,265)
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 28 November 2023 and were signed by:


-------------------------------
Kiran Kumar Chirthal
Director
2
General Information
Microbit Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 07938835, registration address 16 Reynolds Court Baring Road, Beaconsfield, England, HP9 2NA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors   6,120 
Other Debtors 45,924    45,924 
Directors' Current Accounts   4,100 
45,924    56,144 

4.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 847   
Bank Loans & Overdrafts (Secured)   23,425 
Corporation Tax 12,020    11,264 
Directors' Current Accounts 3,045   
VAT 31,159    31,159 
47,071    65,848 

5.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts (secured) 23,018   
23,018   

3