Minatec Research Limited 02099771 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is Market Research Digita Accounts Production Advanced 6.30.9574.0 true 02099771 2023-07-01 2024-06-30 02099771 2024-06-30 02099771 core:CurrentFinancialInstruments 2024-06-30 02099771 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 02099771 core:FurnitureFittings 2024-06-30 02099771 core:OfficeEquipment 2024-06-30 02099771 bus:SmallEntities 2023-07-01 2024-06-30 02099771 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 02099771 bus:FilletedAccounts 2023-07-01 2024-06-30 02099771 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 02099771 bus:RegisteredOffice 2023-07-01 2024-06-30 02099771 bus:CompanySecretaryDirector2 2023-07-01 2024-06-30 02099771 bus:Director1 2023-07-01 2024-06-30 02099771 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02099771 core:ComputerEquipment 2023-07-01 2024-06-30 02099771 core:FurnitureFittings 2023-07-01 2024-06-30 02099771 core:OfficeEquipment 2023-07-01 2024-06-30 02099771 countries:EnglandWales 2023-07-01 2024-06-30 02099771 2023-06-30 02099771 core:FurnitureFittings 2023-06-30 02099771 core:OfficeEquipment 2023-06-30 02099771 2022-07-01 2023-06-30 02099771 2023-06-30 02099771 core:CurrentFinancialInstruments 2023-06-30 02099771 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 02099771 core:FurnitureFittings 2023-06-30 02099771 core:OfficeEquipment 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 02099771

Minatec Research Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Minatec Research Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Minatec Research Limited

Company Information

Directors

Mr P C J Griffiths

Mrs A-M Griffiths

Company secretary

Mrs A-M Griffiths

Registered office

Foxgloves
48 Stonehill Road
Headley Down
Bordon
Hampshire
GU35 8HE

Accountants

A J Wheeler Ltd - Trading as Howard Smith & Co
Chartered Certified Accountants
338 London Road
Portsmouth
Hampshire
PO2 9JY

 

Minatec Research Limited

(Registration number: 02099771)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,159

1,005

Current assets

 

Debtors

5

12,000

18,126

Cash at bank and in hand

 

29,151

25,938

 

41,151

44,064

Creditors: Amounts falling due within one year

6

(39,618)

(40,560)

Net current assets

 

1,533

3,504

Net assets

 

2,692

4,509

Capital and reserves

 

Called up share capital

100

100

Retained earnings

2,592

4,409

Shareholders' funds

 

2,692

4,509

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 March 2025 and signed on its behalf by:
 

.........................................
Mr P C J Griffiths
Director

 

Minatec Research Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Foxgloves
48 Stonehill Road
Headley Down
Bordon
Hampshire
GU35 8HE

These financial statements were authorised for issue by the Board on 25 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Minatec Research Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% on reducing balance

Computer equipment

25% on reducing balance

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Minatec Research Limited

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

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 July 2023

24,334

58,178

82,512

Additions

-

540

540

At 30 June 2024

24,334

58,718

83,052

Depreciation

At 1 July 2023

24,329

57,178

81,507

Charge for the year

1

385

386

At 30 June 2024

24,330

57,563

81,893

Carrying amount

At 30 June 2024

4

1,155

1,159

At 30 June 2023

5

1,000

1,005

5

Debtors

Current

2024
£

2023
£

Trade debtors

12,000

18,000

Other debtors

-

126

 

12,000

18,126

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

7,358

5,915

Accruals and deferred income

31,250

31,250

Other creditors

1,010

3,395

39,618

40,560

 

Minatec Research Limited

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

7

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Directors remuneration

30,000

27,500

Directors pensions (Defined contribution)

40,000

40,000

70,000

67,500