Micro Telecom Ltd - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 07898705 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2017

for

Micro Telecom Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTOR:

P S Basra

REGISTERED OFFICE:

111 Ross Walk

Leicester

Leicestershire

LE4 5HH

REGISTERED NUMBER:

07898705 (England and Wales)

ACCOUNTANTS:

M Cubed Chartered Accountants

9 De Montfort Street

Leicester

Leicestershire

LE1 7GE

FIXED ASSETS

Tangible assets

4

6,406

2,434

CURRENT ASSETS

Debtors

5

1,001

-

Cash at bank

100,059

13,404

101,060

13,404

CREDITORS

Amounts falling due within one year

6

(82,905

)

(11,369

)

NET CURRENT ASSETS

18,155

2,035

TOTAL ASSETS LESS CURRENT LIABILITIES

24,561

4,469

CREDITORS

Amounts falling due after more than one year

7

-

(2,725

)

NET ASSETS

24,561

1,744

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

8

24,560

1,743

SHAREHOLDERS' FUNDS

24,561

1,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 23 May 2017 and were signed by:

P S Basra - Director

1.	STATUTORY INFORMATION

Micro Telecom Ltd is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2016

2,651

3,551

6,202

Additions

1,937

4,298

6,235

At 31 January 2017

4,588

7,849

12,437

DEPRECIATION

At 1 February 2016

1,267

2,501

3,768

Charge for year

498

1,765

2,263

At 31 January 2017

1,765

4,266

6,031

NET BOOK VALUE

At 31 January 2017

2,823

3,583

6,406

At 31 January 2016

1,384

1,050

2,434

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

VAT

1,001

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Tax

18,192

-

VAT

-

11,018

Directors' current accounts

64,679

351

Accrued expenses

34

-

82,905

11,369

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.17

31.1.16

£

£

Other loans - 1-2 years

-

2,725

8.

RESERVES

Retained

earnings

£

At 1 February 2016

1,743

Profit for the year

86,817

Dividends

(64,000

)

At 31 January 2017

24,560

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2017 and 31 January 2016:

31.1.17

31.1.16

£

£

P S Basra

Balance outstanding at start of year

(351

)

481

Amounts advanced

4,168

4,490

Amounts repaid

(68,496

)

(5,322

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(64,679

)

(351

)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is P S Basra.

The following reproduces the text of the report prepared for the director and members in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance

Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the

Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Micro Telecom Ltd for the year ended 31 January 2017 which comprise the Income Statement, Balance Sheet and the

related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Micro Telecom Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Micro Telecom Ltd and state those matters that we have agreed to state to the director of Micro Telecom Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Micro Telecom Ltd director for our work or for this report.

It is your duty to ensure that Micro Telecom Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Micro Telecom Ltd. You consider that Micro Telecom Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Micro Telecom Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

M Cubed Chartered Accountants

9 De Montfort Street

Leicester

Leicestershire

LE1 7GE

Date: .............................................