Micro SciTech Limited - Filleted accounts

Micro SciTech Limited - Filleted accounts

MICRO SCITECH LIMITED - Company Information

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Micro SciTech Limited
Registered number: 02606810
Balance Sheet
as at 30 April 2018
Notes 2018 2017
£ £
Current assets
Debtors 3 406 267
Cash at bank and in hand 2,975 3,459
3,381 3,726
Creditors: amounts falling due within one year 4 (2,293) (1,879)
Net current assets 1,088 1,847
Net assets 1,088 1,847
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,086 1,845
Shareholders' funds 1,088 1,847
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
…………………………………………..
R J Miller
Director
Approved by the board on 6 January 2019
Micro SciTech Limited
Notes to the Accounts
for the year ended 30 April 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 50% straight line
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2017 4,823
At 30 April 2018 4,823
Depreciation
At 1 May 2017 4,823
At 30 April 2018 4,823
Net book value
At 30 April 2018 -
3 Debtors 2018 2017
£ £
Customs & Excise 350 211
Other debtors 56 56
406 267
4 Creditors: amounts falling due within one year 2018 2017
£ £
Director's account 1,872 1,458
Other creditors 421 421
2,293 1,879
5 Other information
Micro SciTech Limited is a private company limited by shares and incorporated in England. Its registered office is:
21 Frankel Way
Biggleswade
SG18 8GY
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