0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,426 650 1,254 1,822 2,156 487 1,254 1,389 433 270 xbrli:pure xbrli:shares iso4217:GBP 03214968 2022-07-01 2023-06-30 03214968 2023-06-30 03214968 2022-06-30 03214968 2021-07-01 2022-06-30 03214968 2022-06-30 03214968 2021-06-30 03214968 bus:Director4 2022-07-01 2023-06-30 03214968 core:WithinOneYear 2023-06-30 03214968 core:WithinOneYear 2022-06-30 03214968 core:ShareCapital 2023-06-30 03214968 core:ShareCapital 2022-06-30 03214968 core:RetainedEarningsAccumulatedLosses 2023-06-30 03214968 core:RetainedEarningsAccumulatedLosses 2022-06-30 03214968 bus:SmallEntities 2022-07-01 2023-06-30 03214968 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 03214968 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 03214968 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 03214968 bus:FullAccounts 2022-07-01 2023-06-30 03214968 core:OfficeEquipment 2022-07-01 2023-06-30 03214968 core:OfficeEquipment 2022-06-30 03214968 core:OfficeEquipment 2023-06-30
COMPANY REGISTRATION NUMBER: 03214968
Microtech Engineering Systems Limited
Filleted Unaudited Financial Statements
For the Year Ended
30 June 2023
Microtech Engineering Systems Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
Fixed Assets
Tangible assets
4
433
270
Current Assets
Debtors
5
912
571
Cash at bank and in hand
52,136
53,185
---------
---------
53,048
53,756
Creditors: amounts falling due within one year
6
30,610
32,188
---------
---------
Net Current Assets
22,438
21,568
---------
---------
Total Assets Less Current Liabilities
22,871
21,838
---------
---------
Net Assets
22,871
21,838
---------
---------
Microtech Engineering Systems Limited
Statement of Financial Position (continued)
30 June 2023
2023
2022
Note
£
£
£
Capital and Reserves
Called up share capital
99
99
Profit and loss account
22,772
21,739
---------
---------
Shareholders Funds
22,871
21,838
---------
---------
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30th June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 6 March 2024 , and are signed on behalf of the board by:
Mr B Moores
Director
Company registration number: 03214968
Microtech Engineering Systems Limited
Notes to the Financial Statements
Year Ended 30th June 2023
1. General Information
The company is a private company limited by shares, registered in England. The address of the registered office is Middleborough House, 16 Middleborough, Colchester, CO1 1QT.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
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:
Office equipment
-
33% straight line
Impairment of Fixed 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.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Tangible Assets
Office equipment
Total
£
£
Cost
At 1st July 2022
2,426
2,426
Additions
650
650
Disposals
( 1,254)
( 1,254)
-------
-------
At 30th June 2023
1,822
1,822
-------
-------
Depreciation
At 1st July 2022
2,156
2,156
Charge for the year
487
487
Disposals
( 1,254)
( 1,254)
-------
-------
At 30th June 2023
1,389
1,389
-------
-------
Carrying amount
At 30th June 2023
433
433
-------
-------
At 30th June 2022
270
270
-------
-------
5. Debtors
2023
2022
£
£
Other debtors
912
571
----
----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
30,610
32,188
---------
---------