Mikkom Ltd 03739149 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is data processing Digita Accounts Production Advanced 6.30.9574.0 true 03739149 2024-04-01 2025-03-31 03739149 2025-03-31 03739149 bus:OrdinaryShareClass1 2025-03-31 03739149 core:RetainedEarningsAccumulatedLosses 2025-03-31 03739149 core:ShareCapital 2025-03-31 03739149 core:SharePremium 2025-03-31 03739149 core:CurrentFinancialInstruments 2025-03-31 03739149 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 03739149 core:Non-currentFinancialInstruments 2025-03-31 03739149 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 03739149 core:OtherResidualIntangibleAssets 2025-03-31 03739149 core:FurnitureFittingsToolsEquipment 2025-03-31 03739149 bus:SmallEntities 2024-04-01 2025-03-31 03739149 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 03739149 bus:FilletedAccounts 2024-04-01 2025-03-31 03739149 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03739149 bus:RegisteredOffice 2024-04-01 2025-03-31 03739149 bus:Director1 2024-04-01 2025-03-31 03739149 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 03739149 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03739149 1 2024-04-01 2025-03-31 03739149 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 03739149 core:OtherResidualIntangibleAssets 2024-04-01 2025-03-31 03739149 core:OtherResidualIntangibleAssets 1 2024-04-01 2025-03-31 03739149 core:ComputerEquipment 2024-04-01 2025-03-31 03739149 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 03739149 countries:EnglandWales 2024-04-01 2025-03-31 03739149 2024-03-31 03739149 core:OtherResidualIntangibleAssets 2024-03-31 03739149 core:FurnitureFittingsToolsEquipment 2024-03-31 03739149 2023-04-01 2024-03-31 03739149 2024-03-31 03739149 bus:OrdinaryShareClass1 2024-03-31 03739149 core:RetainedEarningsAccumulatedLosses 2024-03-31 03739149 core:ShareCapital 2024-03-31 03739149 core:SharePremium 2024-03-31 03739149 core:CurrentFinancialInstruments 2024-03-31 03739149 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 03739149 core:Non-currentFinancialInstruments 2024-03-31 03739149 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 03739149 core:OtherResidualIntangibleAssets 2024-03-31 03739149 core:FurnitureFittingsToolsEquipment 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03739149

Mikkom Ltd
Unaudited Financial Statements
for the Year Ended 31 March 2025

Mikkom Ltd

(Registration number: 03739149)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 96,836 | 96,384
Tangible assets | 5 | 1,508 | 472
|  | 98,344 | 96,856
Current assets |  |  |
Debtors | 6 | 28,986 | 67,631
Cash at bank and in hand |  | 56,942 | 3
|  | 85,928 | 67,634
Creditors: Amounts falling due within one year | 7 | (75,098) | (60,031)
Net current assets |  | 10,830 | 7,603
Total assets less current liabilities |  | 109,174 | 104,459
Creditors: Amounts falling due after more than one year | 7 | (1,256) | (9,416)
Net assets |  | 107,918 | 95,043
Capital and reserves |  |  |
Called up share capital | 8 | 9,642 | 9,642
Share premium reserve |  | 174,748 | 174,748
Retained earnings |  | (76,472) | (89,347)
Shareholders' funds |  | 107,918 | 95,043

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476.

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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 Section 1A.

Approved and authorised by the Board on 10 October 2025 and signed on its behalf by:

......................................... Mr M G Unger Director |  |

Mikkom Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

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

The address of its registered office is: 3rd Floor, 2, William Street, Windsor, Berkshire, SL4 1BA.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared 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.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Mikkom Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2 | Accounting policies (continued)

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:

Asset class | Depreciation method and rate
Office equipment | 4 year straight line

Intangible assets

Intalngible assets consist of product development costs. These are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Product development costs | 20% reducing balance

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.

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.

Mikkom Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2 | Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

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 year, was 2 (2024 - 2).

Mikkom Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4 | Intangible assets

| Other intangible assets £ | Total £
Cost or valuation
At 1 April 2024 | 381,262 | 381,262
Additions internally developed | 24,663 | 24,663
At 31 March 2025 | 405,925 | 405,925
Amortisation
At 1 April 2024 | 284,878 | 284,878
Amortisation charge | 24,211 | 24,211
At 31 March 2025 | 309,089 | 309,089
Carrying amount
At 31 March 2025 | 96,836 | 96,836
At 31 March 2024 | 96,384 | 96,384

5 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2024 | 21,602 | 21,602
Additions | 1,966 | 1,966
At 31 March 2025 | 23,568 | 23,568
Depreciation
At 1 April 2024 | 21,130 | 21,130
Charge for the year | 930 | 930
At 31 March 2025 | 22,060 | 22,060
Carrying amount
At 31 March 2025 | 1,508 | 1,508
At 31 March 2024 | 472 | 472

Mikkom Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 23,779 | 67,631
Other debtors | 5,207 | -
| 28,986 | 67,631

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Bank loans and overdrafts | 9 | 8,518 | 32,782
Trade creditors |  | 8,451 | 2,232
Taxes and social security |  | 12,145 | 16,324
Deferred income |  | 41,992 | -
Other creditors |  | 3,992 | 8,693
|  | 75,098 | 60,031
Due after one year |  |  |
Loans and borrowings | 9 | 1,256 | 9,416

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Loans and borrowings | 9 | 1,256 | 9,416

Mikkom Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 9,642 | 9,642 | 9,642 | 9,642

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 1,256 | 9,416

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 8,518 | 8,519
Bank overdrafts | - | 24,263
| 8,518 | 32,782