2022-04-01 2023-03-31 false Capium Accounts Production 1.1 02304365 bus:AbridgedAccounts 2022-04-01 2023-03-31 02304365 bus:FRS102 2022-04-01 2023-03-31 02304365 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 02304365 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 02304365 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02304365 2022-04-01 2023-03-31 02304365 2023-03-31 02304365 bus:RegisteredOffice 2022-04-01 2023-03-31 02304365 core:WithinOneYear 2023-03-31 02304365 core:AfterOneYear 2023-03-31 02304365 bus:Director1 2022-04-01 2023-03-31 02304365 bus:Director1 2023-03-31 02304365 bus:Director1 2021-04-01 2022-03-31 02304365 bus:Director2 2022-04-01 2023-03-31 02304365 bus:Director2 2023-03-31 02304365 bus:Director2 2021-04-01 2022-03-31 02304365 2021-04-01 02304365 bus:CompanySecretary1 2022-04-01 2023-03-31 02304365 bus:LeadAgentIfApplicable 2022-04-01 2023-03-31 02304365 2021-04-01 2022-03-31 02304365 2022-03-31 02304365 core:WithinOneYear 2022-03-31 02304365 core:AfterOneYear 2022-03-31 02304365 bus:EntityAccountantsOrAuditors 2021-04-01 2022-03-31 02304365 core:PlantMachinery 2022-04-01 2023-03-31 02304365 core:PlantMachinery 2023-03-31 02304365 core:PlantMachinery 2022-03-31 02304365 core:MotorCars 2022-04-01 2023-03-31 02304365 core:MotorCars 2023-03-31 02304365 core:MotorCars 2022-03-31 02304365 core:FurnitureFittings 2022-04-01 2023-03-31 02304365 core:FurnitureFittings 2023-03-31 02304365 core:FurnitureFittings 2022-03-31 02304365 core:ComputerEquipment 2022-04-01 2023-03-31 02304365 core:ComputerEquipment 2023-03-31 02304365 core:ComputerEquipment 2022-03-31 02304365 core:InvestmentProperties 2022-04-01 2023-03-31 02304365 core:InvestmentProperties 2023-03-31 02304365 core:InvestmentProperties 2022-03-31 02304365 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 02304365 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-03-31 02304365 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 02304365 core:CostValuation core:Non-currentFinancialInstruments 2022-03-31 02304365 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-03-31 02304365 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 02304365 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 02304365 core:Non-currentFinancialInstruments 2023-03-31 02304365 core:Non-currentFinancialInstruments 2022-03-31 02304365 core:ShareCapital 2023-03-31 02304365 core:ShareCapital 2022-03-31 02304365 core:RevaluationReserve 2023-03-31 02304365 core:RevaluationReserve 2022-03-31 02304365 core:RetainedEarningsAccumulatedLosses 2023-03-31 02304365 core:RetainedEarningsAccumulatedLosses 2022-03-31 02304365 dpl:Item1 2022-04-01 02304365 dpl:Item1 2023-03-31 02304365 dpl:Item1 2021-04-01 02304365 dpl:Item1 2022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 02304365
England and Wales

 

 

 

MICROCHANCE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
You consider that the company is exempt from an audit for the year ended 31 March 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



....................................................
SATCH CONSULTANTS LTD
Chancton House
The Wharf
MIDHURST
West Sussex
GU29 9PX
22 December 2023
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 808,692    810,160 
808,692    810,160 
Current assets      
Financial instruments at fair value 620,499    634,080 
Cash at bank and in hand 28,424    35,360 
648,923    669,440 
Creditors: amount falling due within one year (505,307)   (456,395)
Net current assets 143,616    213,045 
 
Total assets less current liabilities 952,308    1,023,205 
Creditors: amount falling due after more than one year (13,000)   (19,000)
Provisions for liabilities (25,680)   (25,941)
Net assets 913,628    978,264 
 

Capital and reserves
     
Called up share capital 100    100 
Reserves 4 107,639    107,639 
Profit and loss account 805,889    870,525 
Shareholder's funds 913,628    978,264 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 21 December 2023 and were signed on its behalf by:


-------------------------------
Alastair Irvine
Director
2
General Information
MICROCHANCE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02304365, registration address Chancton House, The Wharf, MIDHURST, West Sussex, GU29 9PX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 33.3% Straight Line
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Current asset investments
Current asset investments comprising a portfolio of shares is stated at fair value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

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

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Investment properties   Total
  £   £   £   £   £   £
At 01 April 2022 4,769    4,000    7,082    1,140    806,000    822,991 
Additions          
Disposals   (4,000)         (4,000)
At 31 March 2023 4,769      7,082    1,140    806,000    818,991 
Depreciation
At 01 April 2022 1,193      7,072    971      9,236 
Charge for year 894      3    166      1,063 
On disposals          
At 31 March 2023 2,087      7,075    1,137      10,299 
Net book values
Closing balance as at 31 March 2023 2,682      7    3    806,000    808,692 
Opening balance as at 01 April 2022 3,576    405    10    169    806,000    810,160 


3