COMPANY REGISTRATION NUMBER:
06783784
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Micro Systemation Limited |
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Filleted Financial Statements |
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Micro Systemation Limited |
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Statement of Financial Position |
|
31 December 2025
Current assets
|
Debtors |
5 |
884,883 |
|
415,539 |
|
Cash at bank and in hand |
2,492,732 |
|
1,407,570 |
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------------ |
|
------------ |
|
3,377,615 |
|
1,823,109 |
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|
|
|
|
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Creditors: amounts falling due within one year |
6 |
2,881,921 |
|
1,346,373 |
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------------ |
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------------ |
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Net current assets |
|
495,694 |
476,736 |
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--------- |
--------- |
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Total assets less current liabilities |
|
495,694 |
476,736 |
|
|
--------- |
--------- |
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Net assets |
|
495,694 |
476,736 |
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--------- |
--------- |
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Capital and reserves
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Called up share capital |
|
1 |
1 |
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Profit and loss account |
|
495,693 |
476,735 |
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--------- |
--------- |
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Shareholders funds |
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495,694 |
476,736 |
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--------- |
--------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' 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, the statement of income and retained earnings has not been delivered.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
7 September 2026
, and are signed on behalf of the board by:
Company registration number:
06783784
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Micro Systemation Limited |
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Notes to the Financial Statements |
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Year ended 31 December 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13th Floor-North, The Blade, Abbey Square, Reading, Berkshire, RG1 3BE.
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'.
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 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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods 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. A product sale includes a license to use the company's software and some type of hardware. Hardware and software licenses are delivered immediately upon receipt of the customer order; these performance obligations are deemed to be satisfied at the time of delivery and revenue is recognised. The performance obligation regarding support and updates is forward-looking from the time of delivery and is fulfilled over time during the license period. The company's assessment is that this method is the most accurate for allocating the part of the transaction price that relates to future performance obligations.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
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:
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Fixtures and fittings |
- |
25% straight line |
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Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
20
(2024:
19
).
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
847,609 |
358,547 |
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Other debtors |
37,274 |
56,992 |
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--------- |
--------- |
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884,883 |
415,539 |
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--------- |
--------- |
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|
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6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
1,079,137 |
294,163 |
|
Corporation tax |
34,632 |
37,414 |
|
Social security and other taxes |
620,306 |
126,954 |
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Other creditors |
1,147,846 |
887,842 |
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------------ |
------------ |
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2,881,921 |
1,346,373 |
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------------ |
------------ |
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7.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2025 |
2024 |
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£ |
£ |
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Later than 1 year and not later than 5 years |
108,150 |
108,150 |
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--------- |
--------- |
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8.
Summary audit opinion
The auditor's report dated
7 September 2026
was
unqualified
.
The senior statutory auditor was
Mr S Moustafa, BA (Hons), FCA
, for and on behalf of
Hurshens Limited
.
9.
Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed. The company has taken advantage of the provision under Financial Reporting Standard 102 not to disclose transactions with its ultimate holding company by virtue of its 100% holding.
10.
Controlling party
The company's ultimate immediate parent company is Micro Systemation AB, a company located in Hornsbruksgatan 2
8, 117 34 Stockholm, Sweden. However, day to day control is exercised Mr P Gille
, who is the sole director of the company.