Company Registration No. SC609483 (Scotland)
Micrea Ltd
Unaudited accounts
for the year ended 31 October 2023
Micrea Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
72,230
21,239
Cash at bank and in hand
9,867
231
Creditors: amounts falling due within one year
(82,978)
(4,753)
Net current liabilities
(67,897)
(3,663)
Total assets less current liabilities
4,333
17,576
Creditors: amounts falling due after more than one year
-
(16,500)
Provisions for liabilities
Net (liabilities)/assets
(7,718)
1,076
Called up share capital
1
1
Profit and loss account
(7,719)
1,075
Shareholders' funds
(7,718)
1,076
For the year ending 31 October 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 15 April 2024 and were signed on its behalf by
Philip Duggan
Director
Company Registration No. SC609483
Micrea Ltd
Notes to the Accounts
for the year ended 31 October 2023
Micrea Ltd is a private company, limited by shares, registered in Scotland, registration number SC609483. The registered office is Unit 2 Weensland Mill, Weensland Road, Hawick, TD9 9PS.
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
10 years straight line basis
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Micrea Ltd
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(444)
-
Loans from directors
44,266
2,893
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).