MicroConnect Systems LLP Filleted accounts for Companies House (small and micro)

REGISTERED NUMBER: OC349168

MicroConnect Systems LLP

Filleted Unaudited Financial Statements

31 March 2026

MicroConnect Systems LLP

Financial Statements

Year ended 31 March 2026

Contents	Page

Members' report	1

Statement of financial position	2

Notes to the financial statements	4

MicroConnect Systems LLP

Members' Report

Year ended 31 March 2026

The members present their report and the unaudited financial statements of the LLP for the year ended 31 March 2026 .

Principal activities

The principal activity of the limited liability partnership during the year was supply and maintenance of computer systems.

Designated members

The designated members who served the LLP during the year were as follows:

Mr J. Rose
Mrs R. Rose

Policy regarding members' drawings and the subscription and repayment of amounts subscribed or otherwise contributed by members

Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set at the beginning of each financial year, taking into account the anticipated cash needs of the LLP.

This report was approved by the members on 14 July 2026 and signed on behalf of the members by:

Mr J. Rose

Designated Member

Registered office:

Prospect House

121 Bury Old Road

Whitefield

Manchester

UK

M45 7AY

MicroConnect Systems LLP

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Intangible assets	5	88,400	88,400
Tangible assets	6	109,597	136,833
		---------	---------
		197,997	225,233

Current assets

Stocks		7,471	8,096
Debtors	7	53,730	71,421
Cash at bank and in hand		45,112	21,721
		---------	---------
		106,313	101,238

Creditors: amounts falling due within one year	8	45,105		55,554
		---------		---------
Net current assets			61,208	45,684
			---------	---------
Total assets less current liabilities			259,205	270,917

Creditors: amounts falling due after more than one year	9	–	13,735
		---------	---------
Net assets		259,205	257,182
		---------	---------

Represented by:

Loans and other debts due to members

Other amounts	10	259,205	257,182
		---------	---------

Members' other interests

Other reserves	–	–
	---------	---------
	259,205	257,182
	---------	---------

Total members' interests

Loans and other debts due to members	10	259,205	257,182
Members' other interests		–	–
		---------	---------
		259,205	257,182
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006 (as applied to LLPs), the statement of comprehensive income has not been delivered.

MicroConnect Systems LLP

Statement of Financial Position (continued)

31 March 2026

For the year ending 31 March 2026 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the members and authorised for issue on 14 July 2026 , and are signed on their behalf by:

Mr J. Rose

Designated Member

Registered number: OC349168

MicroConnect Systems LLP

Notes to the Financial Statements

Year ended 31 March 2026

1.	General information

The LLP is registered in England and Wales. The address of the registered office is Prospect House, 121 Bury Old Road, Whitefield, Manchester, M45 7AY, UK.

2.	Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP 2021).

3.	Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with Section 22 of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liability Partnerships'. A member's participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, the amounts arising that are due to members are in the nature of liabilities. They are therefore treated as an expense in the statement of comprehensive income in the relevant year. To the extent that they remain unpaid at the year end, they are shown as liabilities in the statement of financial position.

Conversely, where profits are divided only after a decision by the LLP or its representative, so that the LLP has an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are therefore shown as a residual amount available for discretionary division among members in the statement of comprehensive income and are equity appropriations in the statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances, are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the statement of financial position within 'Loans and other debts due to members' and are charged to the statement of comprehensive income within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the statement of financial position within 'Members' other interests'.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings	-	15% reducing balance
Motor Vehicles	-	20% reducing balance
Equipment	-	33% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the LLP are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4.	Employee numbers

The average number of persons employed by the LLP during the year, including the members with contracts of employment, amounted to 1 (2025: 1 ).

5.	Intangible assets

	Goodwill
	£
Cost
At 1 April 2025 and 31 March 2026	88,400
	--------
Amortisation
At 1 April 2025 and 31 March 2026	–
	--------
Carrying amount
At 31 March 2026	88,400
	--------
At 31 March 2025	88,400
	--------

6.	Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 April 2025	13,323	185,217	36,175	234,715
Additions	–	–	541	541
	--------	---------	--------	---------
At 31 March 2026	13,323	185,217	36,716	235,256
	--------	---------	--------	---------
Depreciation
At 1 April 2025	11,606	52,480	33,796	97,882
Charge for the year	257	26,547	973	27,777
	--------	---------	--------	---------
At 31 March 2026	11,863	79,027	34,769	125,659
	--------	---------	--------	---------
Carrying amount
At 31 March 2026	1,460	106,190	1,947	109,597
	--------	---------	--------	---------
At 31 March 2025	1,717	132,737	2,379	136,833
	--------	---------	--------	---------

7.	Debtors

	2026	2025
	£	£
Trade debtors	53,730	71,421
	--------	--------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	7,362	23,913
Social security and other taxes	24,007	22,893
Other creditors	13,736	8,748
	--------	--------
	45,105	55,554
	--------	--------

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	–	13,735
	----	--------

10.	Loans and other debts due to members

	2026	2025
	£	£
Amounts owed to members in respect of profits	259,205	257,182
	---------	---------