Company Registration No. 07437251 (England and Wales)
MICROTRON INTERNATIONAL LTD
Unaudited accounts
for the year ended 31 January 2021
MICROTRON INTERNATIONAL LTD
Unaudited accounts
Contents
MICROTRON INTERNATIONAL LTD
Company Information
for the year ended 31 January 2021
Directors
Robert Ian Templeton
John Allen
Company Number
07437251 (England and Wales)
Registered Office
METROPOLITAN HOUSE STATION ROAD
CHEADLE HULME
CHEADLE
SK8 7AZ
ENGLAND
MICROTRON INTERNATIONAL LTD
Statement of financial position
as at 31 January 2021
Intangible assets
100,379
100,379
Cash at bank and in hand
756
15
Creditors: amounts falling due within one year
(106,652)
(91,499)
Net current liabilities
(100,108)
(85,696)
Called up share capital
75,000
75,000
Profit and loss account
(74,729)
(60,317)
Shareholders' funds
271
14,683
For the year ending 31 January 2021 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 directors acknowledge their 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 of Directors and authorised for issue on 21 October 2021 and were signed on its behalf by
Robert Ian Templeton
Director
Company Registration No. 07437251
MICROTRON INTERNATIONAL LTD
Notes to the Accounts
for the year ended 31 January 2021
MICROTRON INTERNATIONAL LTD is a private company, limited by shares, registered in England and Wales, registration number 07437251. The registered office is METROPOLITAN HOUSE STATION ROAD, CHEADLE HULME, CHEADLE, SK8 7AZ, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated
reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Trademarks - Equally over 10 years
MICROTRON INTERNATIONAL LTD
Notes to the Accounts
for the year ended 31 January 2021
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.
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Intangible fixed assets
Other
At 1 February 2020
125,473
At 31 January 2021
125,473
At 31 January 2021
100,379
At 31 January 2020
100,379
5
Creditors: amounts falling due within one year
2021
2020
Other creditors
101,652
91,499
6
Average number of employees
During the year the average number of employees was 0 (2020: 2).
