Minlun (Machine) United Kingdom Ltd Filleted Accounts Cover
Minlun (Machine) United Kingdom Ltd
Company No. 10118934
Information for Filing with The Registrar
30 April 2023
Minlun (Machine) United Kingdom Ltd Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 April 2023.
Principal activities
The principal activity of the company during the year under review was engineering related scientific and technical consulting activities.
Directors
The Directors who served at any time during the year were as follows:
Jian Hou
Min Chen
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Min Chen
Director
15 January 2024
Minlun (Machine) United Kingdom Ltd Balance Sheet Registrar
at
30 April 2023
Company No.
10118934
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
102,877102,877
102,877102,877
Current assets
Debtors
5
7,5117,204
7,5117,204
Creditors: Amount falling due within one year
6
(146,820)
(138,216)
Net current liabilities
(139,309)
(131,012)
Total assets less current liabilities
(36,432)
(28,135)
Net liabilities
(36,432)
(28,135)
Capital and reserves
Called up share capital
10,00010,000
Profit and loss account
9
(46,432)
(38,135)
Total equity
(36,432)
(28,135)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 April 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 15 January 2024 and signed on its behalf by:
Min Chen
Director
15 January 2024
Minlun (Machine) United Kingdom Ltd Notes to the Accounts Registrar
for the year ended 30 April 2023
1
General information
Minlun (Machine) United Kingdom Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 10118934
Its registered office is:
Unit C17
Kestrel Business Centre
Private Road 2, Colwick
Nottingham
NG4 2JR
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Going concern
The financial statements have been prepared on the going concern basis. The principal creditor of the company is a company owned and controlled by one of the directors. The director concerned has confirmed that he does not intend that the creditor company will withdraw its financial support in the foreseeable future.
2
Accounting policies
Research and development costs
Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Financial instruments
Financial assets
Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and carried forward at transaction price. Financial assets are derecognised when:
(a) The contractual rights to the cash flows from the asset expire or are settled;
(b) Substantially all the risks and rewards of the ownership of the asset are transferred to another party; or
(c) Control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other payables, and loans from third parties are initially recognised and carried forward at transaction price.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
The company has only financial assets and financial liabilities of a kind that qualify as a basic financial instruments. Basic financial instruments are recognised initially at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Intangible fixed assets
Develop-ment costs
Total
£
£
Cost
At 1 May 2022
102,877102,877
At 30 April 2023
102,877102,877
Amortisation and impairment
Net book values
At 30 April 2023
102,877102,877
At 30 April 2022
102,877102,877
5
Debtors
2023
2022
£
£
VAT recoverable
270204
Other debtors
7,2417,000
7,5117,204
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Taxes and social security
-
(68)
Loans from directors
33,91625,380
Other creditors
111,964111,964
Accruals and deferred income
940940
146,820138,216
7
Related party transactions
The director is also a director of Innovation Source Limited.
During the year the company made a management charge of £nil (2022 £7,000) to this company.
At 30 April 2023 the company was owed £7,000 by Min Lun (Machine) United Kingdom Limited (2022 £7,000).
The balance is interest free, unsecured and repayable upon demand.
8
Share Capital
Share capital consists of 10,000 Ordinary Shares of £1 each, which are fully paid.
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
Minlun (Machine) United Kingdom Ltd1011893430 April 202301 May 2022false15 January 2024BTCSoftware AP Solution 2023 10.4.0310.4.03true101189342022-05-012023-04-30101189342023-04-30101189342022-04-3010118934core:WithinOneYear2023-04-3010118934core:WithinOneYear2022-04-3010118934core:ShareCapital2023-04-3010118934core:ShareCapital2022-04-3010118934core:RetainedEarningsAccumulatedLosses2023-04-3010118934core:RetainedEarningsAccumulatedLosses2022-04-3010118934countries:UnitedKingdom2022-05-012023-04-3010118934bus:RegisteredOffice2022-05-012023-04-30101189342021-05-012022-04-3010118934core:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-05-01101189342022-05-0110118934core:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-04-3010118934core:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-04-3010118934core:RetainedEarningsAccumulatedLosses2022-05-012023-04-3010118934bus:SmallEntities2022-05-012023-04-3010118934bus:FullAccounts2022-05-012023-04-3010118934bus:AuditExempt-NoAccountantsReport2022-05-012023-04-3010118934bus:Director22022-05-012023-04-3010118934bus:PrivateLimitedCompanyLtd2022-05-012023-04-30iso4217:GBPxbrli:pure