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REGISTERED NUMBER: 03054661 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

M.I.S. Networks Limited

M.I.S. Networks Limited (Registered number: 03054661)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Balance Sheet 1


M.I.S. Networks Limited (Registered number: 03054661)

Balance Sheet
31 March 2023

2023 2022
£    £    £    £   
FIXED ASSETS 21,431 29,443

CURRENT ASSETS 473,953 565,494

CREDITORS
Amounts falling due within one year (12,841 ) (21,466 )
NET CURRENT ASSETS 461,112 544,028
TOTAL ASSETS LESS CURRENT
LIABILITIES

482,543

573,471

CAPITAL AND RESERVES 482,543 573,471

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

M.I.S. Networks Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03054661

Registered office: The Courtyard
19 High Street
Pershore
Worcestershire
WR10 1AA

The presentation currency of the financial statements is the Pound Sterling (£).


2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 1 (2022 - 1 ) .

M.I.S. Networks Limited (Registered number: 03054661)

Balance Sheet - continued
31 March 2023

NOTES TO THE FINANCIAL STATEMENTS

3. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mr R J Smith
Balance outstanding at start of year 64,817 (16,201 )
Amounts advanced 121,446 81,018
Amounts repaid (75,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 111,263 64,817

The above balances are included within other debtors and are repayable on demand. Overdrawn balances currently incur an interest rate charge of 2% per annum on the overdrawn amount.



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 6 October 2023 and were signed by:





Mr R J Smith - Director