MVI HAZEL UK LIMITED

Company Registration Number:
13001431 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

MVI HAZEL UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

MVI HAZEL UK LIMITED

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal activities of the company

The principal activity of the company is the sale of furniture components and fittings



Directors

The directors shown below have held office during the whole of the period from
1 January 2022 to 31 December 2022

Derek Haines
Brian Tighe


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 March 2023

And signed on behalf of the board by:
Name: Derek Haines
Status: Director

MVI HAZEL UK LIMITED

Profit And Loss Account

for the Period Ended 31 December 2022

2022 14 months to 31 December 2021


£

£
Turnover: 1,462,400 1,743,459
Cost of sales: ( 1,462,400 ) ( 1,743,459 )
Gross profit(or loss): 0 0
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

MVI HAZEL UK LIMITED

Balance sheet

As at 31 December 2022

Notes 2022 14 months to 31 December 2021


£

£
Current assets
Debtors: 3 633,895 354,000
Total current assets: 633,895 354,000
Creditors: amounts falling due within one year: 4 ( 633,894 ) ( 353,999 )
Net current assets (liabilities): 1 1
Total assets less current liabilities: 1 1
Total net assets (liabilities): 1 1
Capital and reserves
Called up share capital: 1 1
Total Shareholders' funds: 1 1

The notes form part of these financial statements

MVI HAZEL UK LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 31 March 2023
and signed on behalf of the board by:

Name: Derek Haines
Status: Director

The notes form part of these financial statements

MVI HAZEL UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the amount receivable from customers for goods and services supplied, excluding value added tax. Turnover is recognised in the profit and loss account in the period the goods and services are delivered to the customer

    Other accounting policies

    Going concernThe directors have considered the going concern basis of preparation. Having reviewed budgets and cashflows, they have a reasonable expectation that the company has adequate resources available to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.Trade and other debtors/creditorsTrade and other debtors are recognised initially at transaction price plus attributable transaction costs. Trade and other creditors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.TaxationTax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. The following timing differences are not provided for: differences between accumulated depreciation and tax allowances for the cost of a fixed asset if and when all conditions for retaining the tax allowances have been met. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted.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.

MVI HAZEL UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 14 months to 31 December 2021
    Average number of employees during the period 0 0

MVI HAZEL UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Debtors

2022 14 months to 31 December 2021
£ £
Trade debtors 233,337 349,124
Other debtors 400,558 4,876
Total 633,895 354,000

MVI HAZEL UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Creditors: amounts falling due within one year note

2022 14 months to 31 December 2021
£ £
Trade creditors 63,735 75,197
Other creditors 570,159 278,802
Total 633,894 353,999