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Company Registration No. 08358901 (England and Wales)
Micro IT Global Limited Unaudited accounts for the year ended 31 March 2024
Micro IT Global Limited Unaudited accounts Contents
Page
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Micro IT Global Limited Company Information for the year ended 31 March 2024
Director
P Murtough
Company Number
08358901 (England and Wales)
Registered Office
Suite2, 3rd Floor Vantage Point New England Road Brighton BN1 4GW
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Micro IT Global Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
45,000 
67,500 
Tangible assets
2,097 
4,830 
47,097 
72,330 
Current assets
Inventories
- 
1,192 
Debtors
138,110 
155,616 
Cash at bank and in hand
(4,854)
(4,454)
133,256 
152,354 
Creditors: amounts falling due within one year
(123,054)
(139,553)
Net current assets
10,202 
12,801 
Total assets less current liabilities
57,299 
85,131 
Creditors: amounts falling due after more than one year
(136,285)
(176,223)
Net liabilities
(78,986)
(91,092)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(78,987)
(91,093)
Shareholders' funds
(78,986)
(91,092)
For the year ending 31 March 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 4 March 2025 and were signed on its behalf by
P Murtough Director Company Registration No. 08358901
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Micro IT Global Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Micro IT Global Limited is a private company, limited by shares, registered in England and Wales, registration number 08358901. The registered office is Suite2, 3rd Floor Vantage Point, New England Road, Brighton, BN1 4GW.
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.
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:
Fixtures & fittings
25
Computer equipment
33
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
90,000 
At 31 March 2024
90,000 
Amortisation
At 1 April 2023
22,500 
Charge for the year
22,500 
At 31 March 2024
45,000 
Net book value
At 31 March 2024
45,000 
At 31 March 2023
67,500 
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Micro IT Global Limited Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
2,689 
16,324 
19,013 
Additions
- 
2,267 
2,267 
At 31 March 2024
2,689 
18,591 
21,280 
Depreciation
At 1 April 2023
1,684 
12,499 
14,183 
Charge for the year
500 
4,500 
5,000 
At 31 March 2024
2,184 
16,999 
19,183 
Net book value
At 31 March 2024
505 
1,592 
2,097 
At 31 March 2023
1,005 
3,825 
4,830 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,102 
11,191 
Trade debtors
114,216 
122,181 
Other debtors
21,792 
21,792 
138,110 
155,164 
Amounts falling due after more than one year
Other debtors
- 
452 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
12,389 
10,184 
Trade creditors
61,814 
102,319 
Taxes and social security
45,209 
27,050 
Other creditors
3,642 
- 
123,054 
139,553 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
114,104 
176,223 
Loans from directors
19,400 
- 
Accruals
2,781 
- 
136,285 
176,223 
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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