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REGISTERED NUMBER: SC612796 (Scotland)










Unaudited Financial Statements

for the Year Ended

30 November 2021

for

MIRA CLAD LTD

MIRA CLAD LTD (REGISTERED NUMBER: SC612796)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIRA CLAD LTD

Company Information
for the Year Ended 30 November 2021







DIRECTORS: M G Irimia
M G Irimia
P Chiritoi





REGISTERED OFFICE: 11 Fleming Gardens
Blackwood
Lanarkshire
ML11 9RY





REGISTERED NUMBER: SC612796 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

MIRA CLAD LTD (REGISTERED NUMBER: SC612796)

Balance Sheet
30 November 2021

2021 2020
Notes £    £   
FIXED ASSETS
Tangible assets 4 33,974 17,848

CURRENT ASSETS
Stocks 38,120 38,120
Debtors 5 70,045 49,531
Cash at bank and in hand 23,427 3,590
131,592 91,241
CREDITORS
Amounts falling due within one year 6 (84,592 ) (71,011 )
NET CURRENT ASSETS 47,000 20,230
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,974

38,078

CREDITORS
Amounts falling due after more than one
year

7

(31,890

)

(32,000

)
NET ASSETS 49,084 6,078

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 48,984 5,978
49,084 6,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MIRA CLAD LTD (REGISTERED NUMBER: SC612796)

Balance Sheet - continued
30 November 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 14 June 2022 and were signed on its behalf by:





M G Irimia - Director


MIRA CLAD LTD (REGISTERED NUMBER: SC612796)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Mira Clad Ltd is a private company, limited by shares , registered in Scotland. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

MIRA CLAD LTD (REGISTERED NUMBER: SC612796)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2020 22,423
Additions 24,619
At 30 November 2021 47,042
DEPRECIATION
At 1 December 2020 4,575
Charge for year 8,493
At 30 November 2021 13,068
NET BOOK VALUE
At 30 November 2021 33,974
At 30 November 2020 17,848

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 35,424 3,802
Amounts owed by group undertakings 25,159 41,779
Other debtors 9,462 3,950
70,045 49,531

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 1 198
Amounts owed to group undertakings 43,372 48,200
Taxation and social security 23,243 7,407
Other creditors 17,976 15,206
84,592 71,011

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 31,890 32,000