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Registered Number: 08725714
England and Wales

 

 

 

MINDS TECHNOLOGIES LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 53,953    3,556 
53,953    3,556 
Current assets      
Debtors: amounts falling due within one year 25,337    28,287 
Cash at bank and in hand 113,136    78,385 
138,473    106,672 
Creditors: amount falling due within one year (13,589)   (28,644)
Net current assets 124,884    78,028 
 
Total assets less current liabilities 178,837    81,584 
Creditors: amount falling due after more than one year (60,981)   (21,667)
Net assets 117,856    59,917 
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account 117,756    59,817 
Shareholder's funds 117,856    59,917 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 19 October 2023 and were signed on its behalf by:


-------------------------------
Mr. Mathivanan Kailasam
Director
1
General Information
MINDS TECHNOLOGIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08725714, registration address 192, Stafford Road, Wallington, Surrey, SM6 8PF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
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:
Fixtures and Fittings 18 Reducing Balance
Computer Equipment 18 Reducing Balance
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2022   1,280    3,847    5,127 
Additions 57,090        57,090 
Disposals      
At 31 March 2023 57,090    1,280    3,847    62,217 
Depreciation
At 01 April 2022   702    869    1,571 
Charge for year 6,053    104    536    6,693 
On disposals      
At 31 March 2023 6,053    806    1,405    8,264 
Net book values
Closing balance as at 31 March 2023 51,037    474    2,442    53,953 
Opening balance as at 01 April 2022   578    2,978    3,556 


4.

Share Capital

Authorised
100 Ord shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
100 Ord shares of £1.00 each 100    100 
100    100 

2