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Registered number: 06972784
MICRO LITHOGRAPHY SERVICES LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2023
Prepared By:
McMillan Rose & Co Ltd
Chartered Certified Accountants
Haltgate House
52A Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NH
MICRO LITHOGRAPHY SERVICES LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2023
DIRECTORS
E Morsley
Mrs A Morsley
REGISTERED OFFICE
102 Haltwhistle Road
South Woodham Ferrers
Chelmsford
Essex
CN3 5ZF
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06972784
ACCOUNTANTS
McMillan Rose & Co Ltd
Chartered Certified Accountants
Haltgate House
52A Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NH
MICRO LITHOGRAPHY SERVICES LIMITED
ACCOUNTS
FOR THEYEARENDED31 JULY 2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
MICRO LITHOGRAPHY SERVICES LIMITED
BALANCE SHEET AT 31 July 2023
20232022
Notes££
FIXED ASSETS
Intangible assets33,5494,057
Tangible assets448,13554,456
51,68458,513
CURRENT ASSETS
Stock750500
Debtors623,17227,402
Cash at bank and in hand26,5255,513
50,44733,415
CREDITORS: Amounts falling due within one year744,98942,829
NET CURRENT ASSETS / (LIABILITIES)5,458(9,414)
TOTAL ASSETS LESS CURRENT LIABILITIES57,14249,099
CREDITORS: Amounts falling due after more than one year816,71425,127
PROVISIONS FOR LIABILITIES AND CHARGES109,15010,350
NET ASSETS31,27813,622
CAPITAL AND RESERVES
Called up share capital11100100
Profit and loss account31,17813,522
SHAREHOLDERS' FUNDS31,27813,622
For the year ending 31 July 2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 7 February 2024 and signed on their behalf by
.............................
E Morsley
Director
MICRO LITHOGRAPHY SERVICES LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 15%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20232022
No.No.
Average number of employees23
MICRO LITHOGRAPHY SERVICES LIMITED
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 1 August 202210,14710,147
At 31 July 202310,14710,147
Depreciation
At 1 August 20226,0906,090
For the year508508
At 31 July 20236,5986,598
Net Book Amounts
At 31 July 20233,5493,549
At 31 July 20224,0574,057
4. TANGIBLE FIXED ASSETS
Plant and
Machinery Etc.Total
££
Cost
At 1 August 2022144,750144,750
Additions3,9533,953
Disposals(3,365)(3,365)
At 31 July 2023145,338145,338
Depreciation
At 1 August 202290,29490,294
Disposals(2,695)(2,695)
For the year9,6049,604
At 31 July 202397,20397,203
Net Book Amounts
At 31 July 202348,13548,135
At 31 July 202254,45654,456
5. STOCK 20232022
££
Stock comprises:
Stock raw materials750500
750500
MICRO LITHOGRAPHY SERVICES LIMITED
6. DEBTORS 20232022
££
Amounts falling due within one year:
Trade debtors23,17225,749
VAT-1,653
23,17227,402
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Bank loans and overdrafts8,41213,425
Trade creditors28,49724,685
Taxation and social security5,7952,016
Other creditors2,2852,703
44,98942,829
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans and overdrafts16,71425,127
16,71425,127
9. SECURED CREDITORS
20232022
££
Amount of bank loans and overdrafts which are secured-5,220
Secured by fixed and floating charge
MICRO LITHOGRAPHY SERVICES LIMITED
10. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation9,15010,350
9,15010,350
11. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100