MICAS (UK) LIMITED Filleted accounts for Companies House (small and micro)
MICAS (UK) LIMITED Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
08830660
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Financial Statements |
Year ended 31 March 2021
Contents |
Page |
Statement of financial position |
1 |
Notes to the financial statements |
2 |
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Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
4 |
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Current assets
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
5 |
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Net current liabilities |
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Total assets less current liabilities |
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Capital and reserves
Called up share capital |
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Shareholder funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
21 December 2021
, and are signed on behalf of the board by:
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Director |
Company registration number:
08830660
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Notes to the Financial Statements |
Year ended 31 March 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2, Shepcote Business Park, Europa Drive, Sheffield, S9 1XT.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Tangible assets
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 company are assigned to those units.
Financial instruments
4.
Tangible assets
Freehold property |
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£ |
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Cost |
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At 1 April 2020 and 31 March 2021 |
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Depreciation |
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At 1 April 2020 and 31 March 2021 |
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Carrying amount |
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At 31 March 2021 |
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At 31 March 2020 |
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5.
Creditors:
amounts falling due within one year
2021 |
2020 |
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£ |
£ |
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Other creditors |
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6.
Directors' advances, credits and guarantees
A loan account exists as between the company and each of the directors. At the start of the year, the company was indebted to each of the three directors, equally, in the sum of £79,610, thus being a total of £238,830 The balances were unchanged during the year with the total liability on the company, of £238,830 remaining outstanding at the period end date of 31 March 2021 There are no formal repayment terms applicable to these loans and interest is not being charged