Company Registration No. 07996392 (England and Wales)
microTECH Global Ltd
Unaudited accounts
for the year ended 31 December 2023
microTECH Global Ltd
Unaudited accounts
Contents
microTECH Global Ltd
Company Information
for the year ended 31 December 2023
Directors
Michael Jeremy Dauncey
Jaqueline Elizabeth Dauncey
Jonathan Michael Dauncey
Company Number
07996392 (England and Wales)
Registered Office
PARK HOUSE
PARK STREET
MAIDENHEAD
BERKSHIRE
SL6 1SL
Accountants
I Sumar & Co Ltd
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
microTECH Global Ltd
Statement of financial position
as at 31 December 2023
Intangible assets
6,666
6,666
Tangible assets
53,409
52,463
Cash at bank and in hand
178,068
418,745
Creditors: amounts falling due within one year
(583,994)
(802,943)
Net current assets
565,868
577,677
Total assets less current liabilities
625,943
636,806
Creditors: amounts falling due after more than one year
(29,922)
(39,689)
Net assets
596,021
597,117
Called up share capital
100
100
Profit and loss account
595,921
597,017
Shareholders' funds
596,021
597,117
For the year ending 31 December 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 7 August 2024 and were signed on its behalf by
Jonathan Michael Dauncey
Director
Company Registration No. 07996392
microTECH Global Ltd
Notes to the Accounts
for the year ended 31 December 2023
microTECH Global Ltd is a private company, limited by shares, registered in England and Wales, registration number 07996392. The registered office is PARK HOUSE, PARK STREET, MAIDENHEAD, BERKSHIRE, SL6 1SL.
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:
Computer equipment 25% Reducing balance
Motor vehicles
25% Straight Line Method
Fixtures & fittings
25% Straight Line Method
Computer equipment
25% Straight Line Method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
microTECH Global Ltd
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
62,900
-
30,859
93,759
Additions
-
7,067
16,924
23,991
At 31 December 2023
62,900
7,067
47,783
117,750
At 1 January 2023
15,725
-
25,571
41,296
Charge for the year
15,725
1,767
5,553
23,045
At 31 December 2023
31,450
1,767
31,124
64,341
At 31 December 2023
31,450
5,300
16,659
53,409
At 31 December 2022
47,175
-
5,288
52,463
Amounts falling due within one year
Trade debtors
942,794
957,195
Amounts due from group undertakings etc.
23,483
-
Accrued income and prepayments
4,680
4,680
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
161,544
75,821
Taxes and social security
134,960
207,035
Other creditors
34,274
40,027
Loans from directors
-
58,385
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 22 (2022: 22).