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Company Registration No. 09486413 (England and Wales)
MICORENCE CONSULTING LTD Unaudited accounts for the year ended 31 March 2025
MICORENCE CONSULTING LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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MICORENCE CONSULTING LTD Company Information for the year ended 31 March 2025
Director
UKHUELEIGBE, Michael
Company Number
09486413 (England and Wales)
Registered Office
3 Coldharbour Road Northfleet Gravesend Kent DA11 8AE England
Accountants
Ease Accounting Associates UK Limited Chartered Accountants Base Point Dartford Business Park 61 Victoria Road DARTFORD Kent DA1 5FS
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of MICORENCE CONSULTING LTD for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MICORENCE CONSULTING LTD for the year ended 31 March 2025 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of MICORENCE CONSULTING LTD, as a body, in accordance with the terms of our engagement letter dated 1 December 2022. Our work has been undertaken solely to prepare for your approval the accounts of MICORENCE CONSULTING LTD and state those matters that we have agreed to state to the Board of Directors of MICORENCE CONSULTING LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MICORENCE CONSULTING LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MICORENCE CONSULTING LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of MICORENCE CONSULTING LTD. You consider that MICORENCE CONSULTING LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MICORENCE CONSULTING LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Ease Accounting Associates UK Limited Chartered Accountants Chartered Accountants Base Point Dartford Business Park 61 Victoria Road DARTFORD Kent DA1 5FS 9 March 2026
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MICORENCE CONSULTING LTD Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
5,811
7,087
Current assets
Inventories
16,851
16,851
Debtors
5
48,097
44,213
Cash at bank and in hand
323
123
65,271
61,187
Creditors: amounts falling due within one year
6
(61,847)
(51,038)
Net current assets
3,424
10,149
Total assets less current liabilities
9,235
17,236
Creditors: amounts falling due after more than one year
7
(20,075)
(25,705)
Net liabilities
(10,840)
(8,469)
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
(10,841)
(8,470)
Shareholders' funds
(10,840)
(8,469)
For the 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 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 9 March 2026 and were signed on its behalf by
UKHUELEIGBE, Michael Director Company Registration No. 09486413
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MICORENCE CONSULTING LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
MICORENCE CONSULTING LTD is a private company, limited by shares, registered in England and Wales, registration number 09486413. The registered office is 3 Coldharbour Road, Northfleet, Gravesend, Kent, DA11 8AE, England.
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 remained unchanged from the previous year, and also 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to tangible fixed assets are credited to 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 profit and loss.
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:
Motor vehicles
18% Reducing Balance
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 April 2024
10,540
At 31 March 2025
10,540
Depreciation
At 1 April 2024
3,453
Charge for the year
1,276
At 31 March 2025
4,729
Net book value
At 31 March 2025
5,811
At 31 March 2024
7,087
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MICORENCE CONSULTING LTD Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
48,097
44,213
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
5,615
4,975
Taxes and social security
(47)
(47)
Other creditors
27,559
17,796
Loans from directors
28,345
27,939
Accruals
375
375
61,847
51,038
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
20,075
25,705
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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