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
Micro IT Global Limited
Company Information
for the year ended 31 March 2024
Company Number
08358901 (England and Wales)
Registered Office
Suite2, 3rd Floor Vantage Point
New England Road
Brighton
BN1 4GW
Micro IT Global Limited
Statement of financial position
as at 31 March 2024
Intangible assets
45,000
67,500
Tangible assets
2,097
4,830
Cash at bank and in hand
(4,854)
(4,454)
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)
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
Micro IT Global Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Charge for the year
22,500
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
At 31 March 2024
2,689
18,591
21,280
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
At 31 March 2024
505
1,592
2,097
At 31 March 2023
1,005
3,825
4,830
Amounts falling due within one year
Trade debtors
114,216
122,181
Other debtors
21,792
21,792
Amounts falling due after more than one year
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
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
114,104
176,223
Loans from directors
19,400
-
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).