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REGISTERED NUMBER: 03028673 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

British Mica Company Holdings Limited

British Mica Company Holdings Limited (Registered number: 03028673)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


British Mica Company Holdings Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: P Allen





REGISTERED OFFICE: 123 Barkers Lane
Bedford
Bedfordshire
MK41 9RS





REGISTERED NUMBER: 03028673 (England and Wales)





ACCOUNTANTS: Bedford Accountants Limited
Bedford Heights
Brickhill Drive
Bedford
Bedfordshire
MK41 7PH

British Mica Company Holdings Limited (Registered number: 03028673)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 192,911 201,840
Investments 5 8,310 8,310
201,221 210,150

CURRENT ASSETS
Stocks 6 94,500 51,794
Debtors 7 48,599 98,676
Cash at bank and in hand 5,064 7,920
148,163 158,390
CREDITORS
Amounts falling due within one year 8 104,032 104,679
NET CURRENT ASSETS 44,131 53,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,352

263,861

CREDITORS
Amounts falling due after more than
one year

9

(25,877

)

(34,331

)

PROVISIONS FOR LIABILITIES (3,523 ) (4,778 )
NET ASSETS 215,952 224,752

British Mica Company Holdings Limited (Registered number: 03028673)

Statement of Financial Position - continued
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 4,800 4,800
Revaluation reserve 10 3,510 3,510
Retained earnings 207,642 216,442
215,952 224,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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 19 March 2025 and were signed by:





P Allen - Director


British Mica Company Holdings Limited (Registered number: 03028673)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

British Mica Company 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - equal installments over the lease term
Plant and machinery - 25% on reducing balance, 20% on cost, 20% on reducing balance and 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.


British Mica Company Holdings Limited (Registered number: 03028673)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Operating lease agreements
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grants
Grants received are treated as deferred credits and credited to the profit and loss account over the estimated useful life of the relevant fixed assets.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 400,000 679,065 39,383 - 1,118,448
Additions - 4,750 - 1,327 6,077
At 30 June 2024 400,000 683,815 39,383 1,327 1,124,525
DEPRECIATION
At 1 July 2023 215,377 663,581 37,650 - 916,608
Charge for year 10,257 4,047 260 442 15,006
At 30 June 2024 225,634 667,628 37,910 442 931,614
NET BOOK VALUE
At 30 June 2024 174,366 16,187 1,473 885 192,911
At 30 June 2023 184,623 15,484 1,733 - 201,840

British Mica Company Holdings Limited (Registered number: 03028673)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 8,310
NET BOOK VALUE
At 30 June 2024 8,310
At 30 June 2023 8,310

6. STOCKS
30.6.24 30.6.23
£    £   
Stocks 37,000 8,300
Work-in-progress 57,500 43,494
94,500 51,794

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 43,736 93,813
Prepayments and accrued income 4,863 4,863
48,599 98,676

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 8,000 7,547
Trade creditors 53,233 47,641
Tax 2,551 5,924
Social security and other taxes 3,714 2,528
VAT 15,765 23,848
Other creditors 955 852
Monies to be refunded 11,753 11,753
Net wages 2,284 -
Credit card 887 -
Directors' current accounts 460 156
Accrued expenses 4,430 4,430
104,032 104,679

British Mica Company Holdings Limited (Registered number: 03028673)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 8,000 7,547
Bank loans - 2-5 years 666 9,573
Amounts owed to group undertakings 17,211 17,211
25,877 34,331

10. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 3,510

11. SHARE OPTIONS

One employee has an option to purchase 1,200 Ordinary B Shares at a price of £1 per share. The option can be exercised at anytime.

At the time of the exercise of the option the employee must be in full time employment of the company.