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Company Registration No. 10075995 (England and Wales)
ION MITU LTD Unaudited accounts for the year ended 20 March 2023
ION MITU LTD Unaudited accounts Contents
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ION MITU LTD Company Information for the year ended 20 March 2023
Director
ION ADRIAN MITU
Company Number
10075995 (England and Wales)
Registered Office
89 WILLOW BROOK ROAD CORBY NN17 2EG UK
Accountants
MARIA MARLENA BUTNARU - MAAT 22 LISTER CLOSE CORBY NN17 1XR
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ION MITU LTD Statement of financial position as at 20 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
790 
- 
Current assets
Debtors
261 
22 
Cash at bank and in hand
6,647 
4,219 
6,908 
4,241 
Creditors: amounts falling due within one year
(5,441)
(4,135)
Net current assets
1,467 
106 
Net assets
2,257 
106 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,256 
105 
Shareholders' funds
2,257 
106 
For the year ending 20 March 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 October 2023 and were signed on its behalf by
ION ADRIAN MITU Director Company Registration No. 10075995
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ION MITU LTD Notes to the Accounts for the year ended 20 March 2023
1
Statutory information
ION MITU LTD is a private company, limited by shares, registered in England and Wales, registration number 10075995. The registered office is 89 WILLOW BROOK ROAD, CORBY, NN17 2EG, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
100% Annual Investment, 18% Writing down allowance
Computer equipment
100% Annual Investment, 18% Writing down allowance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 21 March 2022
109 
1,291 
1,400 
Additions
560 
404 
964 
At 20 March 2023
669 
1,695 
2,364 
Depreciation
At 21 March 2022
109 
1,291 
1,400 
Charge for the year
101 
73 
174 
At 20 March 2023
210 
1,364 
1,574 
Net book value
At 20 March 2023
459 
331 
790 
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ION MITU LTD Notes to the Accounts for the year ended 20 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
261 
22 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
40 
31 
Trade creditors
964 
- 
Taxes and social security
2,152 
2,874 
Other creditors
2,072 
1,156 
Accruals
213 
74 
5,441 
4,135 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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