Micro Computer Disks Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01747716 (England and Wales)

Financial Statements for the Year Ended 31 August 2021

for

Micro Computer Disks Limited

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

162,862

167,052

CURRENT ASSETS

Debtors

4,670

7,290

Cash at bank

120,534

106,116

125,204

113,406

CREDITORS

Amounts falling due within one year

7,626

9,654

NET CURRENT ASSETS

117,578

103,752

TOTAL ASSETS LESS CURRENT LIABILITIES

280,440

270,804

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

280,340

270,704

SHAREHOLDERS' FUNDS

280,440

270,804

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 30 May 2022 and were signed by:

M A Walton - Director

1.	STATUTORY INFORMATION

Micro Computer Disks Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01747716

Registered office:

Unit F3

Kingsway Business Park

Oldfield Road

Hampton

Middlesex

TW12 2HD

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.

Tangible fixed assets

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

Freehold property

-

2% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2020

and 31 August 2021

209,497

DEPRECIATION

At 1 September 2020

42,445

Charge for year

4,190

At 31 August 2021

46,635

NET BOOK VALUE

At 31 August 2021

162,862

At 31 August 2020

167,052