2022-04-012023-03-312023-03-31false12129880MICONN LTD2023-11-21iso4217:GBPxbrli:pure121298802022-04-01121298802023-03-31121298802022-04-012023-03-31121298802021-04-01121298802022-03-31121298802021-04-012022-03-3112129880bus:SmallEntities2022-04-012023-03-3112129880bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3112129880bus:FullAccounts2022-04-012023-03-3112129880bus:PrivateLimitedCompanyLtd2022-04-012023-03-3112129880core:WithinOneYear2023-03-3112129880core:AfterOneYear2023-03-3112129880core:WithinOneYear2022-03-3112129880core:AfterOneYear2022-03-3112129880core:ShareCapital2023-03-3112129880core:SharePremium2023-03-3112129880core:RevaluationReserve2023-03-3112129880core:OtherReservesSubtotal2023-03-3112129880core:RetainedEarningsAccumulatedLosses2023-03-3112129880core:ShareCapital2022-03-3112129880core:SharePremium2022-03-3112129880core:RevaluationReserve2022-03-3112129880core:OtherReservesSubtotal2022-03-3112129880core:RetainedEarningsAccumulatedLosses2022-03-3112129880core:LandBuildings2023-03-3112129880core:PlantMachinery2023-03-3112129880core:Vehicles2023-03-3112129880core:FurnitureFittings2023-03-3112129880core:OfficeEquipment2023-03-3112129880core:NetGoodwill2023-03-3112129880core:IntangibleAssetsOtherThanGoodwill2023-03-3112129880core:ListedExchangeTraded2023-03-3112129880core:UnlistedNon-exchangeTraded2023-03-3112129880core:LandBuildings2022-03-3112129880core:PlantMachinery2022-03-3112129880core:Vehicles2022-03-3112129880core:FurnitureFittings2022-03-3112129880core:OfficeEquipment2022-03-3112129880core:NetGoodwill2022-03-3112129880core:IntangibleAssetsOtherThanGoodwill2022-03-3112129880core:ListedExchangeTraded2022-03-3112129880core:UnlistedNon-exchangeTraded2022-03-3112129880core:LandBuildings2022-04-012023-03-3112129880core:PlantMachinery2022-04-012023-03-3112129880core:Vehicles2022-04-012023-03-3112129880core:FurnitureFittings2022-04-012023-03-3112129880core:OfficeEquipment2022-04-012023-03-3112129880core:NetGoodwill2022-04-012023-03-3112129880core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3112129880core:ListedExchangeTraded2022-04-012023-03-3112129880core:UnlistedNon-exchangeTraded2022-04-012023-03-3112129880core:MoreThanFiveYears2022-04-012023-03-3112129880core:Non-currentFinancialInstruments2023-03-3112129880core:Non-currentFinancialInstruments2022-03-3112129880dpl:CostSales2022-04-012023-03-3112129880dpl:DistributionCosts2022-04-012023-03-3112129880core:LandBuildings2022-04-012023-03-3112129880core:PlantMachinery2022-04-012023-03-3112129880core:Vehicles2022-04-012023-03-3112129880core:FurnitureFittings2022-04-012023-03-3112129880core:OfficeEquipment2022-04-012023-03-3112129880dpl:AdministrativeExpenses2022-04-012023-03-3112129880core:NetGoodwill2022-04-012023-03-3112129880core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3112129880dpl:GroupUndertakings2022-04-012023-03-3112129880dpl:ParticipatingInterests2022-04-012023-03-3112129880dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3112129880core:ListedExchangeTraded2022-04-012023-03-3112129880dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3112129880core:UnlistedNon-exchangeTraded2022-04-012023-03-3112129880dpl:CostSales2021-04-012022-03-3112129880dpl:DistributionCosts2021-04-012022-03-3112129880core:LandBuildings2021-04-012022-03-3112129880core:PlantMachinery2021-04-012022-03-3112129880core:Vehicles2021-04-012022-03-3112129880core:FurnitureFittings2021-04-012022-03-3112129880core:OfficeEquipment2021-04-012022-03-3112129880dpl:AdministrativeExpenses2021-04-012022-03-3112129880core:NetGoodwill2021-04-012022-03-3112129880core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3112129880dpl:GroupUndertakings2021-04-012022-03-3112129880dpl:ParticipatingInterests2021-04-012022-03-3112129880dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3112129880core:ListedExchangeTraded2021-04-012022-03-3112129880dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3112129880core:UnlistedNon-exchangeTraded2021-04-012022-03-3112129880core:NetGoodwill2023-03-3112129880core:IntangibleAssetsOtherThanGoodwill2023-03-3112129880core:LandBuildings2023-03-3112129880core:PlantMachinery2023-03-3112129880core:Vehicles2023-03-3112129880core:FurnitureFittings2023-03-3112129880core:OfficeEquipment2023-03-3112129880core:AfterOneYear2023-03-3112129880core:WithinOneYear2023-03-3112129880core:ListedExchangeTraded2023-03-3112129880core:UnlistedNon-exchangeTraded2023-03-3112129880core:ShareCapital2023-03-3112129880core:SharePremium2023-03-3112129880core:RevaluationReserve2023-03-3112129880core:OtherReservesSubtotal2023-03-3112129880core:RetainedEarningsAccumulatedLosses2023-03-3112129880core:NetGoodwill2022-03-3112129880core:IntangibleAssetsOtherThanGoodwill2022-03-3112129880core:LandBuildings2022-03-3112129880core:PlantMachinery2022-03-3112129880core:Vehicles2022-03-3112129880core:FurnitureFittings2022-03-3112129880core:OfficeEquipment2022-03-3112129880core:AfterOneYear2022-03-3112129880core:WithinOneYear2022-03-3112129880core:ListedExchange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MICONN LTD

Registered Number
12129880
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

MICONN LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Director

SCHEWTSCHUK, Michael Peter

Registered Address

275 Cliffe Lane
Gomersal
Cleckheaton
BD19 4SB

Registered Number

12129880 (England and Wales)
MICONN LTD
Statement of Financial Position
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets7406508
406508
Current assets
Debtors1039,85869,900
Cash at bank and on hand11,73930,277
51,597100,177
Creditors amounts falling due within one year11(36,494)(28,418)
Net current assets (liabilities)15,10371,759
Total assets less current liabilities15,50972,267
Creditors amounts falling due after one year12(8,167)(16,500)
Provisions for liabilities13(77)(97)
Net assets7,26555,670
Capital and reserves
Called up share capital100100
Profit and loss account7,16555,570
Shareholders' funds7,26555,670
The financial statements were approved and authorised for issue by the Director on 21 November 2023, and are signed on its behalf by:
SCHEWTSCHUK, Michael Peter
Director
Registered Company No. 12129880
MICONN LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
These financial statements have been prepared in compliance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
3.Principal activities
The principal activity of the company during the year was development of building projects.
4.Basis of measurement used in financial statements
The financial statements have been prepared on the historical cost basis.
5.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling, which is the functional currency of the entity.
Property, plant and equipment policy
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Reducing balance (%)
Office Equipment20
Stocks policy
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing the stock to its present location and condition.
Revenue recognition policy
The revenue shown in the profit and loss account represents income receivable from development of building projects carried out during the period.
Taxation policy
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amount of tax expected to pay or recover using the tax rates and laws that have been enacted, or substantively enacted, at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
Valuation of financial instruments policy
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
6.Employee information

20232022
Average number of employees during the year31
7.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 April 22794794
At 31 March 23794794
Depreciation and impairment
At 01 April 22286286
Charge for year102102
At 31 March 23388388
Net book value
At 31 March 23406406
At 31 March 22508508
8.Provisions for impairment of tangible assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
9.Description of nature of transactions and balances with related parties
During the period, the director loaned the company £806 (2022: -£13,335). This amount remains outstanding at the year end. This loan is interest free and repayable on demand.
10.Debtors

2023

2022

££
Trade debtors / trade receivables39,85837,112
Other debtors-32,788
Total39,85869,900
11.Creditors within one year

2023

2022

££
Trade creditors / trade payables4,743919
Bank borrowings and overdrafts10,00010,000
Taxation and social security18,01916,749
Other creditors2,982-
Accrued liabilities and deferred income750750
Total36,49428,418
12.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts8,16716,500
Total8,16716,500
13.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)7797
Total7797