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REGISTERED NUMBER: 04640358 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MICROCOMMS HOLDINGS LIMITED

MICROCOMMS HOLDINGS LIMITED (REGISTERED NUMBER: 04640358)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MICROCOMMS HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr S A Murley





REGISTERED OFFICE: Wheal Jane Earth Science park
Baldhu
TRURO
Cornwall
TR3 6EE





REGISTERED NUMBER: 04640358 (England and Wales)





ACCOUNTANTS: TC Group
Bickland House
Bickland Water Road
Falmouth
Cornwall
TR11 4SB

MICROCOMMS HOLDINGS LIMITED (REGISTERED NUMBER: 04640358)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,493 7,256
Investments 5 148 148
5,641 7,404

CURRENT ASSETS
Debtors 6 235,446 207,272
Cash at bank 47,043 49,379
282,489 256,651
CREDITORS
Amounts falling due within one year 7 7,575 6,504
NET CURRENT ASSETS 274,914 250,147
TOTAL ASSETS LESS CURRENT
LIABILITIES

280,555

257,551

CREDITORS
Amounts falling due after more than one
year

8

7,808

13,308
NET ASSETS 272,747 244,243

CAPITAL AND RESERVES
Called up share capital 15,001 15,001
Retained earnings 257,746 229,242
272,747 244,243

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

MICROCOMMS HOLDINGS LIMITED (REGISTERED NUMBER: 04640358)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 January 2025 and were signed by:





Mr S A Murley - Director


MICROCOMMS HOLDINGS LIMITED (REGISTERED NUMBER: 04640358)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

MICROCOMMS HOLDINGS LIMITED 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Monetary amounts in these financial statements are rounded to the nearest £.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an intangible asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Financial instruments
The company has elected to adopt Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 in respect of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets include short term trade and other debtors and cash and bank balances. These are initially measured at transaction price, less any impairment and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities include short term trade and other creditors such as loans from group companies and bank loans. They are initially measured at transaction price and subsequently carried at amortised cost using the effective interest method.

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.


MICROCOMMS HOLDINGS LIMITED (REGISTERED NUMBER: 04640358)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 19,044
DEPRECIATION
At 1 January 2023 11,788
Charge for year 1,763
At 31 December 2023 13,551
NET BOOK VALUE
At 31 December 2023 5,493
At 31 December 2022 7,256

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 148
NET BOOK VALUE
At 31 December 2023 148
At 31 December 2022 148

MICROCOMMS HOLDINGS LIMITED (REGISTERED NUMBER: 04640358)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 148,357 127,517
Other debtors 87,089 79,755
235,446 207,272

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,484 5,484
Other creditors 2,091 1,020
7,575 6,504

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 7,808 13,308

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr S A Murley
Balance outstanding at start of year 78,504 48,192
Amounts advanced 97,335 130,312
Amounts repaid (90,000 ) (100,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 85,839 78,504

10. RELATED PARTY DISCLOSURES

In previous years, the company provided a loan to Microcomms Professional Services Limited, its subsidiary company. An additional amount is due this year of £21,000. At the year end, a balance of £148,357 (2022: £127,517) remained outstanding on this loan. No interest is charged to the subsidiary company.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S A Murley.