1 January 2024 false No description of principal activity Taxfiler 2024.6 SC791947business:PrivateLimitedCompanyLtd2024-01-012024-12-31 SC7919472023-12-31 SC7919472024-01-012024-12-31 SC791947business:AuditExempt-NoAccountantsReport2024-01-012024-12-31 SC791947business:FilletedAccounts2024-01-012024-12-31 SC7919472024-12-31 SC791947business:Director12024-01-012024-12-31 SC791947business:RegisteredOffice2024-01-012024-12-31 SC791947core:WithinOneYear2024-12-31 SC791947core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 SC791947core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 SC791947core:PreviouslyStatedAmount2024-12-31 SC791947business:SmallEntities2024-01-012024-12-31 SC791947countries:Scotland2024-01-012024-12-31 SC791947core:PlantMachinery2024-01-012024-12-31 SC791947core:MotorVehicles2024-01-012024-12-31 SC791947core:FurnitureFittings2024-01-012024-12-31 SC791947core:ComputerEquipment2024-01-012024-12-31 SC791947core:OtherPropertyPlantEquipment2024-01-012024-12-31 SC791947core:IntangibleAssetsOtherThanGoodwill2023-12-31 SC791947core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-31 SC791947core:IntangibleAssetsOtherThanGoodwill2024-12-31 SC791947core:PlantMachinery2023-12-31 SC791947core:ComputerEquipment2023-12-31 SC791947core:PlantMachinery2024-12-31 SC791947core:ComputerEquipment2024-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC791947 (Scotland)
MICB TECH Limited Unaudited accounts for the year ended 31 December 2024
MICB TECH Limited Unaudited accounts Contents
Page
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MICB TECH Limited Company Information for the year ended 31 December 2024
Director
Igbekele Caleb Okunfeyiwa
Company Number
SC791947 (Scotland)
Registered Office
56 Marmion Place Cumbernauld Glasgow G67 4AP Scotland
Accountants
Jombo Consulting Ltd 127 Western Avenue Dagenham RM10 8UH
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MICB TECH Limited Statement of financial position as at 31 December 2024
2024 
Notes
£ 
Fixed assets
Intangible assets
20,000 
Tangible assets
4,124 
24,124 
Current assets
Cash at bank and in hand
994 
Creditors: amounts falling due within one year
(42,607)
Net current liabilities
(41,613)
Net liabilities
(17,489)
Capital and reserves
Called up share capital
100 
Profit and loss account
(17,589)
Shareholders' funds
(17,489)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 June 2025 and were signed on its behalf by
Igbekele Caleb Okunfeyiwa Director Company Registration No. SC791947
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MICB TECH Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
MICB TECH Limited is a private company, limited by shares, registered in Scotland, registration number SC791947. The registered office is 56 Marmion Place, Cumbernauld, Glasgow, G67 4AP, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18%
Motor vehicles
18%
Fixtures & fittings
18%
Computer equipment
20%
Other tangible fixed assets
18%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
- 
Additions
25,000 
At 31 December 2024
25,000 
Amortisation
At 1 January 2024
- 
Charge for the year
5,000 
At 31 December 2024
5,000 
Net book value
At 31 December 2024
20,000 
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MICB TECH Limited Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
2,743 
- 
2,743 
Additions
- 
2,344 
2,344 
At 31 December 2024
2,743 
2,344 
5,087 
Depreciation
Charge for the year
494 
469 
963 
At 31 December 2024
494 
469 
963 
Net book value
At 31 December 2024
2,249 
1,875 
4,124 
6
Creditors: amounts falling due within one year
2024 
£ 
Loans from directors
41,467 
Accruals
1,140 
42,607 
7
Average number of employees
During the year the average number of employees was 1.
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