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REGISTERED NUMBER: SC621160 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Microbira Limited

Microbira Limited (Registered number: SC621160)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Microbira Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs M L Ismail
Mr I J Gray
Prof W S Nimmo





SECRETARY: Mr M J G Holleran





REGISTERED OFFICE: 6 Logie Mill
Edinburgh
EH7 4HG





REGISTERED NUMBER: SC621160 (Scotland)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

Microbira Limited (Registered number: SC621160)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 155,512 211,204
Tangible assets 5 47,291 30,113
Investments 6 100 100
202,903 241,417

CURRENT ASSETS
Debtors 7 236,906 192,013
Cash at bank 154,402 114,897
391,308 306,910
CREDITORS
Amounts falling due within one year 8 69,711 62,176
NET CURRENT ASSETS 321,597 244,734
TOTAL ASSETS LESS CURRENT
LIABILITIES

524,500

486,151

CAPITAL AND RESERVES
Called up share capital 10 4,996 4,546
Share premium 1,328,557 1,028,998
Retained earnings (809,053 ) (547,393 )
SHAREHOLDERS' FUNDS 524,500 486,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





Mrs M L Ismail - Director


Microbira Limited (Registered number: SC621160)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Microbira Limited is a private company, limited by shares , registered in Scotland. 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.

The financial statements have been prepared on a going concern basis, the acceptability of which is dependent on the continued support of the directors/creditors/etc.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets (excluding goodwill) are being amortised on a straight line basis over their estimated useful economic life. Intangible assets (excluding goodwill) are held at cost and are not revalued.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and Machinery- 20% on cost
Computer Equipment - 20% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Microbira Limited (Registered number: SC621160)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Computer
licences software Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 25,000 278,804 303,804
AMORTISATION
At 1 April 2023 1,459 91,141 92,600
Amortisation for year 500 55,192 55,692
At 31 March 2024 1,959 146,333 148,292
NET BOOK VALUE
At 31 March 2024 23,041 132,471 155,512
At 31 March 2023 23,541 187,663 211,204

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 64,333 2,037 66,370
Additions 38,066 - 38,066
At 31 March 2024 102,399 2,037 104,436
DEPRECIATION
At 1 April 2023 35,310 947 36,257
Charge for year 20,480 408 20,888
At 31 March 2024 55,790 1,355 57,145
NET BOOK VALUE
At 31 March 2024 46,609 682 47,291
At 31 March 2023 29,023 1,090 30,113

Microbira Limited (Registered number: SC621160)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Microbira MAAP-IR Limited
Registered office: Westcombe House, Wildernesse Avenue, Sevenoaks, England, TN15 0EA
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
30.4.23 30.4.22
£    £   
Aggregate capital and reserves 100 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 236,906 192,013

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 2,436
Taxation and social security 145 -
Other creditors 69,566 59,740
69,711 62,176

9. DEFERRED TAX
£   
Balance at 1 April 2023 (134,936 )
Provided during year (65,203 )
Balance at 31 March 2024 (200,139 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
499,580 Ordinary 1p 4,996 4,546

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31st March 2024 the company owed a director £57,424 (2023: £57,239).

Microbira Limited (Registered number: SC621160)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. RELATED PARTY DISCLOSURES

There was no related party transactions in the year (2023: None).

13. ULTIMATE CONTROLLING PARTY

There is no overall controlling interest.