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REGISTERED NUMBER: 14255998 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Micro Development Industries Ltd

Micro Development Industries Ltd (Registered number: 14255998)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Micro Development Industries Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: V Dimitrov
M Mussadiq





SECRETARY: M Mussadiq





REGISTERED OFFICE: Hale House
296 Green Lanes
London
N13 5TW





REGISTERED NUMBER: 14255998 (England and Wales)






Micro Development Industries Ltd (Registered number: 14255998)

Balance Sheet
31 July 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 43,055

CURRENT ASSETS
Debtors 5 1,194
Cash at bank and in hand 13,137
14,331
CREDITORS
Amounts falling due within one year 6 3,483
NET CURRENT ASSETS 10,848
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,903

CREDITORS
Amounts falling due after more than
one year

7

49,818
NET ASSETS 4,085

RESERVES
Retained earnings 4,085
4,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Micro Development Industries Ltd (Registered number: 14255998)

Balance Sheet - continued
31 July 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 28 April 2025 and were signed on its behalf by:





V Dimitrov - Director


Micro Development Industries Ltd (Registered number: 14255998)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Micro Development Industries Ltd 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

Micro Development Industries Ltd (Registered number: 14255998)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 22,000 20,725 42,725
Additions - 330 330
At 31 July 2024 22,000 21,055 43,055
NET BOOK VALUE
At 31 July 2024 22,000 21,055 43,055
At 31 July 2023 22,000 20,725 42,725

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 894
Other debtors 300
1,194

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 2,615
Taxation and social security 68
Other creditors 800
3,483

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
£   
Bank loans 49,818