Company registration number: 05561770
Unaudited financial statements
for the period ended 29 September 2023
for
Microsage Limited
Pages for filing with the Registrar
Company registration number: 05561770
Microsage Limited
Balance sheet
as at 29 September 2023
29 Sep 23 30 Sep 22
Note £ £ £ £
Fixed assets
Tangible assets 4 2,246 2,995
Investment property 5 177,720 177,720
179,966 180,715
Current assets
Debtors 244,564 244,123
Cash at bank and in hand 7,890 62,100
252,454 306,223
Creditors: amounts falling due within
one year
- (75,489)
Net current assets 252,454 230,734
Total assets less current liabilities 432,420 411,449
Creditors: Amounts falling due after
more than one year
6 (75,489) -
NET ASSETS 356,931 411,449
Capital and reserves
Called up share capital 2 2
Profit and loss account 356,929 411,447
TOTAL EQUITY 356,931 411,449
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 29 September 2023.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 05561770
Microsage Limited
Balance sheet - continued
as at 29 September 2023
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Dr G Abdulrahman, Director
8 November 2024
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Microsage Limited
Notes to the financial statements
for the period ended 29 September 2023
1 Company information
Microsage Limited is a private company registered in England and Wales. Its registered number is 05561770. The company is limited by shares. Its registered office is 32 Lindisfarne Way, Grantham, Lincolnshire, NG31 8ST.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% reducing balance
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
3 Average number of employees
During the period the average number of employees was Nil (2022 - Nil).
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Microsage Limited
Notes to the financial statements - continued
for the period ended 29 September 2023
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 October 2022 48,585
At 29 September 2023 48,585
Depreciation
At 1 October 2022 45,590
Charge for period 749
At 29 September 2023 46,339
Net book value
At 29 September 2023 2,246
At 30 September 2022 2,995
5 Investment property
£
Valuation
At 1 October 2022 177,720
At 29 September 2023 177,720
6 Creditors: amounts falling due after more than five years
29 Sep 23 30 Sep 22
£ £
Repayable otherwise than by instalments
Other creditors 75,489 -
75,489 -
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Microsage Limited
Notes to the financial statements - continued
for the period ended 29 September 2023
7 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the periods ended 29 September 2023 and 30 September 2022.
29 Sep 23 30 Sep 22
£ £
Dr Gambo Abdulrahman
Balance outstanding at start of period 9,214 -
Amounts advanced 507 -
Balance outstanding at end of period 9,721 -
The loan is interest free however it is repayable on demand
8 Director Account
Included within Debtors are the following loans to directors (£9,214)
9 Director Account
Included within Debtors are the following loans to directors
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