| Registered Number:04607731 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
MICROCAB INDUSTRIES LTD
Statement of Financial Position
2023
2024
258,000
258,000
2
| Property, plant and equipment |
22,098
26,047
3
280,098
284,047
| Trade and other receivables |
2,054
-
4
15
| Cash and cash equivalents |
6,224
6,224
2,069
| Trade and other payables: amounts falling due within |
| one year |
(34,352)
(24,598)
5
(32,283)
(18,374)
Net current liabilities
| Total assets less current liabilities |
261,724
251,764
| Trade and other payables: amounts falling due after |
| more than one year |
(48,733)
(44,231)
6
217,493
Net assets
203,031
3
3
235,000
235,000
367,748
367,748
7
(385,258)
(399,720)
217,493
203,031
Shareholders' funds
| For the year ended 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 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 proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 December 2024
MICROCAB INDUSTRIES LTD
Statement of Financial Position Continued
| Mr John Elmars Jostins Director |
| These financial statements were approved and authorised for issue by the Board on 29 September 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
MICROCAB INDUSTRIES LTD
Notes to the Financial Statements
Statutory Information
| MICROCAB INDUSTRIES LTD is a private limited company, limited by shares, domiciled in England and |
| Wales, registration number 04607731. |
1 The Courtyard
Parsonage Stocks Road
Throwley, Faversham
Kent
ME13 0ET
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' |
| and the Companies Act 2006. The financial statements have been prepared under the historical costs |
| convention as modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Intangible assets
| Revaluation of the trade marks and intellectual property rights was carried out in 2012 based on a report requested by the director on the fair market value of such rights where there is a willing buyer. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Government grants
| Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
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For the year ended 31 December 2024
MICROCAB INDUSTRIES LTD
Notes to the Financial Statements Continued
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account. |
| 2. Intangible fixed assets |
258,000
258,000
Intangible Fixed Assets represents the amortized purchase cost of a Director's unincorporated business.
| 3. Property, plant and equipment |
166,000
1,698
164,302
164,302
1,698
166,000
| Provision for depreciation and impairment |
139,953
1,284
138,669
Charge for year
3,949
104
3,845
143,902
1,388
142,514
21,788
310
22,098
25,633
414
26,047
| 4. Trade and other receivables |
2023
2024
-
2,054
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For the year ended 31 December 2024
MICROCAB INDUSTRIES LTD
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
1,620
270
| Taxation and social security |
196
-
22,782
34,082
24,598
34,352
| 6. Trade and other payables: amounts falling due after more than one year |
2023
2024
15,862
20,364
28,369
28,369
44,231
48,733
| Revaluation reserve at 01 January 2024 |
367,748
367,748
| Revaluation reserve at 31 December 2024 |
| 8. Related party transactions |
| J E Jostins Director. Loan to the company At the year end £22,782 was due from J E Jostins (2022: |
| £34,082). |
| 9. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
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