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Registered number: 10319286
Micro Urbanicity Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 10319286
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 48,966 53,575
48,966 53,575
CURRENT ASSETS
Stocks 5 800 800
Debtors 6 17,189 29,980
Cash at bank and in hand 57,776 10,496
75,765 41,276
Creditors: Amounts Falling Due Within One Year 7 (40,892 ) (28,065 )
NET CURRENT ASSETS (LIABILITIES) 34,873 13,211
TOTAL ASSETS LESS CURRENT LIABILITIES 83,839 66,786
Creditors: Amounts Falling Due After More Than One Year 8 (40,845 ) (72,603 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,793 ) (10,179 )
NET ASSETS/(LIABILITIES) 33,201 (15,996 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Income Statement 33,200 (15,997 )
SHAREHOLDERS' FUNDS 33,201 (15,996)
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Elisabeth Hassenpflug
Director
12/02/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Micro Urbanicity Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10319286 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 0% Straight Line
Plant & Machinery 25% Reduced Balance
Fixtures & Fittings 15% Reduced Balance
Computer Equipment 33% Straight Line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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 statement of comprehensive income 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.
2.6. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2022: 11)
15 11
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 September 2022 11,155 24,159 43,526 3,370 82,210
Additions - - 3,686 - 3,686
As at 31 August 2023 11,155 24,159 47,212 3,370 85,896
Depreciation
As at 1 September 2022 - 15,862 10,083 2,690 28,635
Provided during the period - 2,074 5,569 652 8,295
As at 31 August 2023 - 17,936 15,652 3,342 36,930
Net Book Value
As at 31 August 2023 11,155 6,223 31,560 28 48,966
As at 1 September 2022 11,155 8,297 33,443 680 53,575
5. Stocks
2023 2022
£ £
Stock 800 800
6. Debtors
2023 2022
£ £
Due within one year
Amounts owed by participating interests 8,498 (1,137)
Other debtors 8,691 31,117
17,189 29,980
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,045 2,155
Bank loans and overdrafts 10,800 -
Other creditors 7,542 7,046
Taxation and social security 21,505 18,864
40,892 28,065
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 40,845 72,603
40,845 72,603
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9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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