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REGISTERED NUMBER: 04915635 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Micro-Membrane Systems Limited

Micro-Membrane Systems Limited (Registered number: 04915635)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Micro-Membrane Systems Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Dr J Baker
S Barefield





SECRETARY: Dr J Baker





REGISTERED OFFICE: Unit 24 Midsomer Norton Enterprise Park
Radstock Road
Midsomer Norton
Radstock
Bath and NE Somerset
BA3 2BB





REGISTERED NUMBER: 04915635 (England and Wales)

Micro-Membrane Systems Limited (Registered number: 04915635)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,551 9,824

CURRENT ASSETS
Stocks 104,829 102,080
Debtors 5 264,354 70,876
Cash at bank 226,847 294,851
596,030 467,807
CREDITORS
Amounts falling due within one year 6 137,102 88,593
NET CURRENT ASSETS 458,928 379,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

465,479

389,038

PROVISIONS FOR LIABILITIES 1,638 2,309
NET ASSETS 463,841 386,729

CAPITAL AND RESERVES
Called up share capital 8 140 140
Retained earnings 463,701 386,589
SHAREHOLDERS' FUNDS 463,841 386,729

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

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

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 26 June 2025 and were signed on its behalf by:





Dr J Baker - Director


Micro-Membrane Systems Limited (Registered number: 04915635)

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

1. STATUTORY INFORMATION

Micro-Membrane Systems Limited 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 each asset over its estimated useful life.
Improvements to property - 25% on straight line basis
Plant and machinery - 25% on straight line basis
Fixtures and fittings - 25% on straight line basis
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on straight line basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Micro-Membrane Systems Limited (Registered number: 04915635)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 4,964 35,064 21,312
Additions - 2,495 786
Disposals - (5,369 ) (911 )
At 31 December 2024 4,964 32,190 21,187
DEPRECIATION
At 1 January 2024 3,033 29,822 20,245
Charge for year 1,241 4,086 1,264
Eliminated on disposal - (5,326 ) (911 )
At 31 December 2024 4,274 28,582 20,598
NET BOOK VALUE
At 31 December 2024 690 3,608 589
At 31 December 2023 1,931 5,242 1,067

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 9,500 6,301 77,141
Additions - 935 4,216
Disposals - (2,190 ) (8,470 )
At 31 December 2024 9,500 5,046 72,887
DEPRECIATION
At 1 January 2024 9,500 4,717 67,317
Charge for year - 820 7,411
Eliminated on disposal - (2,155 ) (8,392 )
At 31 December 2024 9,500 3,382 66,336
NET BOOK VALUE
At 31 December 2024 - 1,664 6,551
At 31 December 2023 - 1,584 9,824

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 93,210 50,502
Intercompany Loan 5,170 6,700
Directors' current accounts 125,293 9,595
Tax 39,048 -
Accrued income - 2,625
Prepayments 1,633 1,454
264,354 70,876

Micro-Membrane Systems Limited (Registered number: 04915635)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,444 16,582
Tax 102,617 58,171
VAT 15,768 10,635
Credit card control 3,773 1,705
Accrued expenses 1,500 1,500
137,102 88,593

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 22,350 22,350
Between one and five years 89,400 89,400
In more than five years 8,644 30,994
120,394 142,744

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
140 Ordinary £1 140 140

9. RELATED PARTY DISCLOSURES

Included in debtors is £125,396 (2023 : £9,594) owed to the company by Dr J Baker, a director of the company. Interest is charged on this amount at the rate of 2.25% per annum. This amount is unsecured and has no fixed term for repayment.

During the year the company paid rent of £33,525 (2023: £20,115) to Denton Pension Management Limited, a company in which Dr Baker has a SIPP pension arrangement which owns the premises the company rents.

Included in debtors is £5,170 (2023: £6,700) owed to Micro Membrane Systems Ltd by Microporous Products Ltd, a company which Dr J Baker is also a director. This loan is unsecured, interest is charged at 4% per annum and is repayable by March 2028.