Microcut Machine Tools Limited
Unaudited accounts
Contents
Microcut Machine Tools Limited
Company Information
for the year ended 30 June 2023
Secretary
Mrs L S Rathbone
Company Number
01737568 (England and Wales)
Registered Office
71 Bedford Road
Reading
Berkshire
RG1 7EY
Accountants
R. Bicknell FCA
71
Bedford Road
READING
Berkshire
RG1 7EY
Microcut Machine Tools Limited
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
4,677
7,053
Creditors: amounts falling due within one year
(14,223)
(19,668)
Net current liabilities
(845)
(3,592)
Net liabilities
(201)
(2,923)
Called up share capital
1,000
1,000
Profit and loss account
(1,201)
(3,923)
Shareholders' funds
(201)
(2,923)
For the year ending 30 June 2023 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 director acknowledges his 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 and authorised for issue on 11 March 2024 and were signed on its behalf by
Mr S.M. Rathbone
Director
Company Registration No. 01737568
Microcut Machine Tools Limited
Notes to the Accounts
for the year ended 30 June 2023
Microcut Machine Tools Limited is a private company, limited by shares, registered in England and Wales, registration number 01737568. The registered office is 71 Bedford Road, Reading, Berkshire, RG1 7EY.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including patents) which have now expired and have been written off as fully depreciated
4
Intangible fixed assets
Other
Microcut Machine Tools Limited
Notes to the Accounts
for the year ended 30 June 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2022
45,764
4,011
49,775
At 30 June 2023
45,764
4,011
49,775
At 1 July 2022
45,132
3,974
49,106
Charge for the year
20
5
25
At 30 June 2023
45,152
3,979
49,131
At 30 June 2023
612
32
644
At 30 June 2022
632
37
669
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Loans from directors
13,903
19,288
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
