Company Registration No. 12629422 (England and Wales)
Micmax Limited
Unaudited accounts
for the year ended 31 May 2023
Micmax Limited
Unaudited accounts
Contents
Micmax Limited
Company Information
for the year ended 31 May 2023
Directors
Mr Michael Smith
Mrs Maxine Smith
Company Number
12629422 (England and Wales)
Registered Office
Rear 73 Chorley New Road
Horwich
Bolton
BL6 7QA
Accountants
J F Balshaw & Co
20 Old Kiln Lane
Heaton
Bolton
Lancashire
BL1 5PD
Micmax Limited
Statement of financial position
as at 31 May 2023
Tangible assets
134,630
135,585
Inventories
150,999
134,222
Cash at bank and in hand
12,933
19,423
Creditors: amounts falling due within one year
(378,775)
(354,254)
Net current liabilities
(214,843)
(198,091)
Net liabilities
(80,213)
(62,506)
Called up share capital
2
2
Profit and loss account
(80,215)
(62,508)
Shareholders' funds
(80,213)
(62,506)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by
Mr Michael Smith
Director
Company Registration No. 12629422
Micmax Limited
Notes to the Accounts
for the year ended 31 May 2023
Micmax Limited is a private company, limited by shares, registered in England and Wales, registration number 12629422. The registered office is Rear 73 Chorley New Road, Horwich, Bolton, BL6 7QA.
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.
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:
Plant & machinery
15% reducing balance
Motor vehicles
15% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
129,211
6,057
2,764
138,032
At 31 May 2023
129,211
6,057
2,764
138,032
At 1 June 2022
-
1,680
767
2,447
Charge for the year
-
656
299
955
At 31 May 2023
-
2,336
1,066
3,402
At 31 May 2023
129,211
3,721
1,698
134,630
At 31 May 2022
129,211
4,377
1,997
135,585
Amounts falling due within one year
Micmax Limited
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
15,799
7,152
Taxes and social security
3,464
-
Loans from directors
358,962
346,652
7
Transactions with related parties
The company owes a balance of £358,962 (2022 £346,652) to the directors, Mr & Mrs Smith.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).