Mikropor UK Limited 15231768 false 2023-10-24 2024-12-31 2024-12-31 The principal activity of the company is Wholesale of other machinery and equipment Digita Accounts Production Advanced 6.30.9574.0 true 15231768 2023-10-24 2024-12-31 15231768 2024-12-31 15231768 core:CurrentFinancialInstruments 2024-12-31 15231768 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 15231768 core:BetweenTwoFiveYears 2024-12-31 15231768 core:WithinOneYear 2024-12-31 15231768 core:FurnitureFittingsToolsEquipment 2024-12-31 15231768 core:MotorVehicles 2024-12-31 15231768 core:ParentEntities 2024-12-31 15231768 bus:SmallEntities 2023-10-24 2024-12-31 15231768 bus:AuditExemptWithAccountantsReport 2023-10-24 2024-12-31 15231768 bus:FilletedAccounts 2023-10-24 2024-12-31 15231768 bus:SmallCompaniesRegimeForAccounts 2023-10-24 2024-12-31 15231768 bus:RegisteredOffice 2023-10-24 2024-12-31 15231768 bus:Director1 2023-10-24 2024-12-31 15231768 bus:PrivateLimitedCompanyLtd 2023-10-24 2024-12-31 15231768 core:FurnitureFittingsToolsEquipment 2023-10-24 2024-12-31 15231768 core:MotorVehicles 2023-10-24 2024-12-31 15231768 core:ParentEntities 2023-10-24 2024-12-31 15231768 core:ParentEntities core:SaleOrPurchaseGoods 2023-10-24 2024-12-31 15231768 countries:AllCountries 2023-10-24 2024-12-31 iso4217:GBP xbrli:pure

Registration number: 15231768

Mikropor UK Limited

Unaudited Filleted Financial Statements

for the Period from 24 October 2023 to 31 December 2024

 

Mikropor UK Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Mikropor UK Limited

(Registration number: 15231768)
Balance Sheet as at 31 December 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

40,526

Current assets

 

Stocks

5

198,865

Debtors

6

170,983

Cash at bank and in hand

 

36,695

 

406,543

Creditors: Amounts falling due within one year

7

(494,425)

Net current liabilities

 

(87,882)

Net liabilities

 

(47,356)

Capital and reserves

 

Called up share capital

100

Retained earnings

(47,456)

Shareholders' deficit

 

(47,356)

For the financial period ending 31 December 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 period 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 July 2025 and signed on its behalf by:
 

.........................................
Mr S G Jemmett
Director

 

Mikropor UK Limited

Notes to the Unaudited Financial Statements for the Period from 24 October 2023 to 31 December 2024

1

General information

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

The address of its registered office is:
Capetown Mill
Pickles Street
Burnley
Lancashire
BB12 0NJ

These financial statements were authorised for issue by the Board on 23 July 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 in sterling (£) 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.

Government grants

Government grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to the profit and loss.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Mikropor UK Limited

Notes to the Unaudited Financial Statements for the Period from 24 October 2023 to 31 December 2024

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.

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:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Mikropor UK Limited

Notes to the Unaudited Financial Statements for the Period from 24 October 2023 to 31 December 2024

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 period, was 4.

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

Additions

19,002

26,500

45,502

At 31 December 2024

19,002

26,500

45,502

Depreciation

Charge for the period

3,320

1,656

4,976

At 31 December 2024

3,320

1,656

4,976

Carrying amount

At 31 December 2024

15,682

24,844

40,526

5

Stocks

2024
£

Other inventories

198,865

6

Debtors

Current

2024
£

Trade debtors

141,060

Prepayments

3,523

Other debtors

26,400

 

170,983

 

Mikropor UK Limited

Notes to the Unaudited Financial Statements for the Period from 24 October 2023 to 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Trade creditors

 

263,318

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

200,000

Taxation and social security

 

27,037

Accruals and deferred income

 

2,701

Other creditors

 

1,369

 

494,425

8

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

Not later than one year

52,800

Later than one year and not later than five years

173,114

225,914

The amount of non-cancellable operating lease payments recognised as an expense during the period was £38,086 .

9

Related party transactions

 

Mikropor UK Limited

Notes to the Unaudited Financial Statements for the Period from 24 October 2023 to 31 December 2024

Summary of transactions with parent

Mikropor Makina Sanayi Ve Ticaret AS owns 100% of the share capital of Mikropor UK Ltd

Income and receivables from related parties

2024

Parent
£

Sale of goods

204,992

Amounts receivable from related party

56,363

Expenditure with and payables to related parties

2024

Parent
£

Purchase of goods

251,368

Amounts payable to related party

244,940

Loans to related parties

2024

Parent
£

Total
£

Advanced

200,000

200,000

At end of period

200,000

200,000