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Mimir Payments Ltd
Registered Number:07902780
For the year ended 31 January 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2022
Mimir Payments Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07902780
As at 31 January 2022
Mimir Payments Ltd
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
4,151
2,823
2
4,151
2,823
Current assets
Trade and other receivables
26,100
3,600
3
605
Cash and cash equivalents
16,819
20,419
26,705
Trade and other payables: amounts falling due within one
year
(18,356)
(13,960)
4
8,349
6,459
Net current assets
Total assets less current liabilities
10,610
11,172
Trade and other payables: amounts falling due after more
than one year
(9,417)
(7,665)
5
2,945
Net assets
1,755
Capital and reserves
Called up share capital
100
100
Retained earnings
2,845
1,655
2,945
1,755
Shareholders' funds
For the year ended 31 January 2022 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 of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Stephen Lomax Director
These financial statements were approved and authorised for issue by the Board on 02 September 2022 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 January 2022
Mimir Payments Ltd
Notes to the Financial Statements
Statutory Information
Mimir Payments Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07902780.
Registered address:
15 Cambridge Square
Redhill
Surrey
RH1 6TG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer & office equipment
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2 of 4
5
For the year ended 31 January 2022
Mimir Payments Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Computer &
office
equipment
£
Cost or
valuation
At 01 February 2021
6,658
2,712
Additions
At 31 January 2022
9,370
Provision for depreciation and impairment
At 01 February 2021
3,835
Charge for year
1,384
At 31 January 2022
5,219
At 31 January 2022
Net book value
4,151
At 31 January 2021
2,823
3. Trade and other receivables
2021
2022
£
£
Trade debtors
3,600
26,100
4. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft
2,070
1,333
Trade creditors
-
113
Taxation and social security
5,820
13,311
Other creditors
6,070
3,599
13,960
18,356
5. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
7,665
9,417
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6
For the year ended 31 January 2022
Mimir Payments Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 2 (2021 : 2).
4 of 4