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Registered Number: 07938835
England and Wales

 

 

 

MICROBIT TECHNOLOGIES LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2024

End date: 28 February 2025
Directors Kiran Kumar Chirthal
Vasudha Kuruva
Registered Number 07938835
Registered Office 4 Hampden Way, High Wycombe, Buckinghamshire, England, HP13 7TJ
Accountants 3E'S Accountants Limited
231 Kenton Road
Harrow
Middlesex
England
HA3 0HD
1
 
 
Notes
 
2025
£
  2024
£
Current assets      
Debtors 3 58,391    58,390 
Cash at bank and in hand 100    101 
58,491    58,491 
Creditors: amount falling due within one year 4 (51,161)   (49,969)
Net current assets 7,330    8,522 
 
Total assets less current liabilities 7,330    8,522 
Creditors: amount falling due after more than one year 5 (24,072)   (23,528)
Net assets (16,742)   (15,006)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (16,842)   (15,106)
Shareholders' funds (16,742)   (15,006)
 


For the year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 14 May 2025 and were signed on its behalf by:


-------------------------------
Kiran Kumar Chirthal
Director
2
General Information
Microbit Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 07938835, registration address 4 Hampden Way, High Wycombe, Buckinghamshire, England, HP13 7TJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
2.

Average number of employees

Average number of employees during the year was 0 (2024 : 0).
3.

Debtors: amounts falling due within one year

2025
£
  2024
£
Other Debtors 55,245    45,924 
Director Loan - S455 Tax 3,146    3,146 
Directors' Current Accounts   9,320 
58,391    58,390 

4.

Creditors: amount falling due within one year

2025
£
  2024
£
COMMERCIAL CARD  
Corporation Tax 16,260    16,260 
Accrued Expenses 1,072    432 
Directors' Current Accounts 558   
VAT 33,271    33,271 
51,161    49,969 

5.

Creditors: amount falling due after more than one year

2025
£
  2024
£
Bank Loans & Overdrafts (secured) 24,072    23,528 
24,072    23,528 

3