2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 118,750 118,750 118,750 xbrli:pure xbrli:shares iso4217:GBP 07305317 2023-04-01 2024-03-31 07305317 2024-03-31 07305317 2023-03-31 07305317 2022-04-01 2023-03-31 07305317 2023-03-31 07305317 2022-03-31 07305317 bus:Director1 2023-04-01 2024-03-31 07305317 core:WithinOneYear 2024-03-31 07305317 core:WithinOneYear 2023-03-31 07305317 core:AfterOneYear 2024-03-31 07305317 core:AfterOneYear 2023-03-31 07305317 core:ShareCapital 2024-03-31 07305317 core:ShareCapital 2023-03-31 07305317 core:RetainedEarningsAccumulatedLosses 2024-03-31 07305317 core:RetainedEarningsAccumulatedLosses 2023-03-31 07305317 bus:SmallEntities 2023-04-01 2024-03-31 07305317 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07305317 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07305317 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07305317 bus:FullAccounts 2023-04-01 2024-03-31 07305317 core:IntangibleAssetsOtherThanGoodwill 2023-04-01 2024-03-31 07305317 core:IntangibleAssetsOtherThanGoodwill 2024-03-31 07305317 core:AllAssociates 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 07305317
Microinti Limited
Filleted Unaudited Financial Statements
31 March 2024
Microinti Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
118,750
Current assets
Debtors
6
5,034
64,188
Cash at bank and in hand
21,227
14,531
--------
--------
26,261
78,719
Creditors: amounts falling due within one year
7
81,565
46,324
--------
--------
Net current (liabilities)/assets
( 55,304)
32,395
---------
--------
Total assets less current liabilities
63,446
32,395
Creditors: amounts falling due after more than one year
8
3,308
16,971
--------
--------
Net assets
60,138
15,424
--------
--------
Capital and reserves
Called up share capital
5
5
Profit and loss account
60,133
15,419
--------
--------
Shareholders funds
60,138
15,424
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Microinti Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 19 March 2025 , and are signed on behalf of the board by:
Mr M Opalinski
Director
Company registration number: 07305317
Microinti Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ash House, Breckenwood Road, Fulbourn, Cambridge, CB21 5DQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Intangible assets
Cryptocurrency
£
Cost
Additions
118,750
---------
At 31 March 2024
118,750
---------
Amortisation
At 1 April 2023 and 31 March 2024
---------
Carrying amount
At 31 March 2024
118,750
---------
At 31 March 2023
---------
6. Debtors
2024
2023
£
£
Trade debtors
5,034
20,291
Other debtors
43,897
-------
--------
5,034
64,188
-------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
3,991
6,578
Corporation tax
70,087
36,713
Social security and other taxes
5,382
211
Net Pay
1,522
Other creditors
2,105
1,300
--------
--------
81,565
46,324
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
3,308
16,971
-------
--------
9. Related party transactions
The company was under the control of Mr M Opalinski throughout the period. Mr M Opalinski is the managing director and majority shareholder.