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REGISTERED NUMBER: 03787897 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

MICROCHARGE SYSTEMS LIMITED

MICROCHARGE SYSTEMS LIMITED (REGISTERED NUMBER: 03787897)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MICROCHARGE SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: T Wallace
Mrs F Wallace
G Wallace
Mrs K Wallace





REGISTERED OFFICE: Unit 2 Bulmer Road
Sudbury
Suffolk
CO10 7HJ





REGISTERED NUMBER: 03787897 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

MICROCHARGE SYSTEMS LIMITED (REGISTERED NUMBER: 03787897)

BALANCE SHEET
30 JUNE 2024

30.6.23 30.6.24
£    £    Notes £    £   
FIXED ASSETS
153,013 Tangible assets 4 120,905

CURRENT ASSETS
1,000 Stocks 1,000
68,474 Debtors 5 66,926
2,426 Cash at bank 4
71,900 67,930
CREDITORS
97,183 Amounts falling due within one year 6 129,739
(25,283 ) NET CURRENT LIABILITIES (61,809 )
127,730 TOTAL ASSETS LESS CURRENT
LIABILITIES

59,096

CREDITORS
(34,971 ) Amounts falling due after more than one
year

7

-

(27,228 ) PROVISIONS FOR LIABILITIES (21,172 )
65,531 NET ASSETS 37,924

CAPITAL AND RESERVES
1 Called up share capital 1
65,530 Retained earnings 37,923
65,531 SHAREHOLDERS' FUNDS 37,924

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 directors acknowledge their 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.

MICROCHARGE SYSTEMS LIMITED (REGISTERED NUMBER: 03787897)

BALANCE SHEET - continued
30 JUNE 2024


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 Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





Mrs K Wallace - Director


MICROCHARGE SYSTEMS LIMITED (REGISTERED NUMBER: 03787897)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Microcharge Systems 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.

Turnover
Turnover represents the value of work completed during the year, by reference to invoiced sales and the movement between opening and closing trade debtor balances.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - in accordance with the property
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value.

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

MICROCHARGE SYSTEMS LIMITED (REGISTERED NUMBER: 03787897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Office
Totals property machinery vehicles equipment
£    £    £    £    £   
COST
At 1 July 2023 634,818 11,665 489,790 112,628 20,735
Additions 11,131 - 8,625 - 2,506
Disposals (8,573 ) - (3,248 ) - (5,325 )
At 30 June 2024 637,376 11,665 495,167 112,628 17,916
DEPRECIATION
At 1 July 2023 481,805 1,959 390,628 79,685 9,533
Charge for year 37,396 234 26,310 8,237 2,615
Eliminated on disposal (2,730 ) - (291 ) - (2,439 )
At 30 June 2024 516,471 2,193 416,647 87,922 9,709
NET BOOK VALUE
At 30 June 2024 120,905 9,472 78,520 24,706 8,207
At 30 June 2023 153,013 9,706 99,162 32,943 11,202

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
Totals machinery vehicles
£    £    £   
COST
At 1 July 2023
and 30 June 2024 120,350 70,100 50,250
DEPRECIATION
At 1 July 2023 69,905 47,920 21,985
Charge for year 12,611 5,545 7,066
At 30 June 2024 82,516 53,465 29,051
NET BOOK VALUE
At 30 June 2024 37,834 16,635 21,199
At 30 June 2023 50,445 22,180 28,265

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 55,525 53,049
Other debtors 11,401 15,425
66,926 68,474

MICROCHARGE SYSTEMS LIMITED (REGISTERED NUMBER: 03787897)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 16,949 -
Hire purchase contracts 35,057 16,924
Trade creditors 7,509 1,165
Taxation and social security 29,931 23,615
Other creditors 40,293 55,479
129,739 97,183

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts - 34,971