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MICROLUB LIMITED

Registered Number
15032046
(England and Wales)

Unaudited Financial Statements for the Period ended
30 September 2024

MICROLUB LIMITED
Company Information
for the period from 27 July 2023 to 30 September 2024

Directors

CHAPMAN, Louise (Appointed 16 October 2024)
NAYLOR, Andrew James (Appointed 16 October 2024)
PETERS, David Simon (Appointed 20 November 2024)
SARKAR, Anwesha, Professor

Registered Address

Nexus
Discovery Way
Leeds
LS2 3AA

Registered Number

15032046 (England and Wales)
MICROLUB LIMITED
Statement of Financial Position
30 September 2024

Notes

2024

£

£

Current assets
Cash at bank and on hand44,353
44,353
Creditors amounts falling due within one year3(105,199)
Net current assets (liabilities)(60,846)
Total assets less current liabilities(60,846)
Net assets(60,846)
Capital and reserves
Profit and loss account(60,846)
Shareholders' funds(60,846)
The financial statements were approved and authorised for issue by the Board of Directors on 6 March 2025, and are signed on its behalf by:
PETERS, David Simon (Appointed 20 November 2024)
Director
Registered Company No. 15032046
MICROLUB LIMITED
Notes to the Financial Statements
for the period ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The directors have considered their cashflow position as part of their going concern assessment. The view of the directors is that, while they acknowledge all factors, the directors feel that the company is well placed to negotiate the unique set of conditions currently facing the UK economy.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

2024
Average number of employees during the year2
3.Creditors: amounts due within one year

2024

£
Other creditors100,000
Accrued liabilities and deferred income5,199
Total105,199
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
4.Related party transactions
Included within administration expenses is Consulting of £15,000 to D Peters, in respect of services provided. Included within creditors, amounts falling due within one year, is an amount of £5,199 owed to D Peters for consultancy services.