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REGISTERED NUMBER: 07083964 (England and Wales)















SURE MICROSYSTEMS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






SURE MICROSYSTEMS LTD (REGISTERED NUMBER: 07083964)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SURE MICROSYSTEMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr D F Woolston





REGISTERED OFFICE: Jacob's Pool House
11 West Street
Okehampton
Devon
EX20 1HQ





REGISTERED NUMBER: 07083964 (England and Wales)





ACCOUNTANTS: My Business Centre Limited
Jacob's Pool House
11 West Street
Okehampton
Devon
EX20 1HQ

SURE MICROSYSTEMS LTD (REGISTERED NUMBER: 07083964)

ABRIDGED BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5 4
Tangible assets 5 335 675
340 679

CURRENT ASSETS
Stocks 6,477 -
Debtors 39,150 28,063
Cash at bank 55,377 88,458
101,004 116,521
CREDITORS
Amounts falling due within one year 4,356 6,827
NET CURRENT ASSETS 96,648 109,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,988

110,373

PROVISIONS FOR LIABILITIES 294 360
NET ASSETS 96,694 110,013

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 96,693 110,012
96,694 110,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SURE MICROSYSTEMS LTD (REGISTERED NUMBER: 07083964)

ABRIDGED BALANCE SHEET - continued
30 NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





Mr D F Woolston - Director


SURE MICROSYSTEMS LTD (REGISTERED NUMBER: 07083964)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Sure Microsystems Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Cryptocurrency held
Cryptocurrencies held are considered to be an inventory of intangible assets for which there is an active market. As such they are shown at the lower of cost and net realisable value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SURE MICROSYSTEMS LTD (REGISTERED NUMBER: 07083964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 4
Additions 133,675
Disposals (133,674 )
At 30 November 2023 5
NET BOOK VALUE

At 30 November 2023 5
At 30 November 2022 4

At the yearend these cryptocurrency assets had a value of £3.

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 26,401
Disposals (708 )
At 30 November 2023 25,693
DEPRECIATION
At 1 December 2022 25,726
Charge for year 340
Eliminated on disposal (708 )
At 30 November 2023 25,358
NET BOOK VALUE
At 30 November 2023 335
At 30 November 2022 675