Microsegur Limited - Period Ending 2015-03-31

Registration number: 08358973

Microsegur Limited

Unaudited Abbreviated Accounts

for the Period from 01 February 2014 to 31 March 2015

 

Microsegur Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Microsegur Limited
(Registration number: 08358973)
Abbreviated Balance Sheet
at 31 March 2015

		Note			31 March 2015 £			31 January 2014 £
Fixed assets
Tangible fixed assets		2			18,357			4,496
Current assets
Debtors					610,794			339,800
Cash at bank and in hand					86,131			24,427
					696,925			364,227
Creditors: Amounts falling due within one year					(442,730)			(300,736)
Net current assets					254,195			63,491
Total assets less current liabilities					272,552			67,987
Provisions for liabilities					(2,674)			-
Net assets					269,878			67,987
Capital and reserves
Called up share capital		3			2,500			2,500
Profit and loss account					267,378			65,487
Shareholders' funds					269,878			67,987

For the period ended 31 March 2015 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 in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board and authorised for issue on 18 March 2016 and signed on its behalf by:

.........................................
M Marin
Director

- 1 -

Microsegur Limited
Notes to the Abbreviated Accounts
for the Period ended 31 March 2015

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Asset class	Depreciation method and rate
Motor vehicles	33.33% of cost

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2014		5,995			5,995
Additions		19,031			19,031
At 31 March 2015		25,026			25,026
Depreciation
At 1 February 2014		1,499			1,499
Charge for the period		5,170			5,170
At 31 March 2015		6,669			6,669
Net book value
At 31 March 2015		18,357			18,357
At 31 January 2014		4,496			4,496

- 2 -

Microsegur Limited
Notes to the Abbreviated Accounts
for the Period ended 31 March 2015

3	Share capital

Allotted, called up and fully paid shares

	31 March 2015						31 January 2014
		No.			£			No.			£
Ordinary A of £25.00 each		100			2,500			100			2,500

4

Control

The company is controlled by M Marin and R Lopez .

- 3 -