1 November 2022 false No description of principal activity Taxfiler 2024.1 SC609483business:PrivateLimitedCompanyLtd2022-11-012023-10-31 SC6094832022-10-31 SC6094832022-11-012023-10-31 SC609483business:AuditExemptWithAccountantsReport2022-11-012023-10-31 SC609483business:FilletedAccounts2022-11-012023-10-31 SC6094832023-10-31 SC6094832022-10-31 SC609483core:WithinOneYear2023-10-31 SC609483core:WithinOneYear2022-10-31 SC609483core:AfterOneYear2023-10-31 SC609483core:AfterOneYear2022-10-31 SC609483core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 SC609483core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 SC609483core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 SC609483core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 SC609483core:PreviouslyStatedAmount2023-10-31 SC609483core:PreviouslyStatedAmount2022-10-31 SC609483business:SmallEntities2022-11-012023-10-31 SC609483business:Director12022-11-012023-10-31 SC609483countries:Scotland2022-11-012023-10-31 SC609483business:RegisteredOffice2022-11-012023-10-31 SC609483core:PlantMachinery2022-11-012023-10-31 SC609483core:PlantMachinery2022-10-31 SC609483core:PlantMachinery2023-10-31 SC6094832021-11-012022-10-31 iso4217:GBP xbrli:pure
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
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
72,230 
21,239 
Current assets
Debtors
5,214 
859 
Cash at bank and in hand
9,867 
231 
15,081 
1,090 
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
Deferred tax
(12,051)
- 
Net (liabilities)/assets
(7,718)
1,076 
Capital and reserves
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
- 2 -
Micrea Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 November 2022
25,637 
Additions
59,505 
At 31 October 2023
85,142 
Depreciation
At 1 November 2022
4,398 
Charge for the year
8,514 
At 31 October 2023
12,912 
Net book value
At 31 October 2023
72,230 
At 31 October 2022
21,239 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
5,214 
- 
Other debtors
- 
859 
5,214 
859 
- 3 -
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 
Accruals
1,000 
1,860 
Deferred income
38,156 
- 
82,978 
4,753 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
- 
16,500 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 4 -