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Company Registration No. 12629360 (England and Wales)
Mic Burns Limited Unaudited accounts for the year ended 31 May 2024
Mic Burns Limited Unaudited accounts Contents
Page
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Mic Burns Limited Company Information for the year ended 31 May 2024
Director
Michael Burns
Company Number
12629360 (England and Wales)
Registered Office
1 Ely Close Priorslee Telford TF2 9UW ENGLAND
Accountants
Nellys Accountants Ltd 71 Woodland Avenue Tettenhall Wood Wolverhampton West Midlands WV6 8ND
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Mic Burns Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,081 
4,802 
Current assets
Debtors
17,824 
4,971 
Cash at bank and in hand
82,138 
38,944 
99,962 
43,915 
Creditors: amounts falling due within one year
(40,433)
(20,088)
Net current assets
59,529 
23,827 
Total assets less current liabilities
63,610 
28,629 
Provisions for liabilities
Deferred tax
(971)
(912)
Net assets
62,639 
27,717 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
62,638 
27,716 
Shareholders' funds
62,639 
27,717 
For the year ending 31 May 2024 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 director acknowledges his 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 and authorised for issue on 6 January 2025 and were signed on its behalf by
Michael Burns Director Company Registration No. 12629360
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Mic Burns Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Mic Burns Limited is a private company, limited by shares, registered in England and Wales, registration number 12629360. The registered office is 1 Ely Close, Priorslee, Telford, TF2 9UW, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling and all values are rounded to the nearest pound.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
15% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Mic Burns Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2023
6,648 
At 31 May 2024
6,648 
Depreciation
At 1 June 2023
1,846 
Charge for the year
721 
At 31 May 2024
2,567 
Net book value
At 31 May 2024
4,081 
At 31 May 2023
4,802 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,824 
4,971 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,095 
4,736 
Taxes and social security
32,419 
14,854 
Loans from directors
594 
238 
Accruals
325 
260 
40,433 
20,088 
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
971 
912 
2024 
2023 
£ 
£ 
Provision at start of year
912 
1,074 
Charged/(credited) to the profit and loss account
59 
(162)
Provision at end of year
971 
912 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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Mic Burns Limited Notes to the Accounts for the year ended 31 May 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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