Micebook Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08995703 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2020

FOR

MICEBOOK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C R P Shah

R J Waddington

D Patel

S V Patel

REGISTERED OFFICE:

5 Beaumont Gate

Shenley Hill

Radlett

WD7 7AR

REGISTERED NUMBER:

08995703 (England and Wales)

ACCOUNTANTS:

Nagler Simmons

Chartered Accountants

5 Beaumont Gate

Shenley Hill

Radlett

WD7 7AR

FIXED ASSETS

Intangible assets

4

112,651

138,294

Tangible assets

5

34

908

112,685

139,202

CURRENT ASSETS

Debtors

6

2,534

4,194

Cash at bank and in hand

55,288

53,920

57,822

58,114

CREDITORS

Amounts falling due within one year

7

11,147

8,259

NET CURRENT ASSETS

46,675

49,855

TOTAL ASSETS LESS CURRENT LIABILITIES

159,360

189,057

CAPITAL AND RESERVES

Called up share capital

1,730

1,616

Share premium

467,348

393,531

Retained earnings

(309,718

)

(206,090

)

SHAREHOLDERS' FUNDS

159,360

189,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2021 and were signed on its behalf by:

C R P Shah - Director

1.	STATUTORY INFORMATION

Micebook Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Although the company made a further loss in the year under review, the company had received investments to finance its short term developments, the Directors are satisfied that the preparation of these accounts on the going concern basis is appropriate.

In light of the COVID-19 outbreak, the directors have assessed the company's viability, having regard to its current financial arrangements and the effect of the imposed lockdown, the temporary suspension of activities and social distancing measures. Having made their assessment, the directors have reasonable expectation that the company will continue to trade and accordingly they considers the company to be a going concern and has prepared the accounts on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

Straight line over 3 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2019

249,710

Additions

30,374

At 30 April 2020

280,084

AMORTISATION

At 1 May 2019

111,416

Charge for year

56,017

At 30 April 2020

167,433

NET BOOK VALUE

At 30 April 2020

112,651

At 30 April 2019

138,294

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

and 30 April 2020

4,068

DEPRECIATION

At 1 May 2019

3,160

Charge for year

874

At 30 April 2020

4,034

NET BOOK VALUE

At 30 April 2020

34

At 30 April 2019

908

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade debtors

2,414

2,344

Other debtors

120

1,850

2,534

4,194

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade creditors

1,307

2,196

Taxation and social security

1,435

-

Other creditors

8,405

6,063

11,147

8,259

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Chetan Shah by virtue of his majority shareholding.