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REGISTERED NUMBER: 08375500 (England and Wales)












Financial Statements

for the Year Ended 31 March 2023

for

Micro-D Limited

Micro-D Limited (Registered number: 08375500)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Micro-D Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: B Kersh





REGISTERED OFFICE: Unit R Buffalo Court
Kansas Avenue
Salford
M50 2QL





REGISTERED NUMBER: 08375500 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ

Micro-D Limited (Registered number: 08375500)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 135,809 140,219

CURRENT ASSETS
Debtors 5 406,277 479,441
Cash at bank and in hand 360,807 418,281
767,084 897,722
CREDITORS
Amounts falling due within one year 6 425,794 403,572
NET CURRENT ASSETS 341,290 494,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

477,099

634,369

CREDITORS
Amounts falling due after more than one year 7 94,770 141,875
NET ASSETS 382,329 492,494

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 50,000 50,000
Retained earnings 332,229 442,394
SHAREHOLDERS' FUNDS 382,329 492,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Micro-D Limited (Registered number: 08375500)

Balance Sheet - continued
31 March 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 director and authorised for issue on 12 December 2023 and were signed by:





B Kersh - Director


Micro-D Limited (Registered number: 08375500)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Micro-D 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.

Turnover
Revenue 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.
Leasehold property - 2% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Micro-D Limited (Registered number: 08375500)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Leasehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 147,431 20,226 11,696 179,353
DEPRECIATION
At 1 April 2022 13,822 16,391 8,921 39,134
Charge for year 2,949 767 694 4,410
At 31 March 2023 16,771 17,158 9,615 43,544
NET BOOK VALUE
At 31 March 2023 130,660 3,068 2,081 135,809
At 31 March 2022 133,609 3,835 2,775 140,219

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 378,493 437,023
Other debtors 27,784 42,418
406,277 479,441

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 20,000 30,000
Trade creditors 139,761 293,046
Taxation and social security 34,687 64,917
Other creditors 231,346 15,609
425,794 403,572

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 60,000 100,000
Other creditors 34,770 41,875
94,770 141,875

Micro-D Limited (Registered number: 08375500)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 6,350 13,455