Company Registration No. 08404830 (England and Wales)
MIK ENTERPRISE LTD
Unaudited accounts
for the year ended 28 February 2023
MIK ENTERPRISE LTD
Unaudited accounts
Contents
MIK ENTERPRISE LTD
Statement of financial position
as at 28 February 2023
Tangible assets
8,917
11,146
Cash at bank and in hand
8,005
16,395
Creditors: amounts falling due within one year
(14,464)
(23,735)
Net current liabilities
(2,634)
(3,032)
Total assets less current liabilities
6,283
8,114
Creditors: amounts falling due after more than one year
(4,272)
(5,410)
Called up share capital
100
100
Profit and loss account
1,911
2,604
Shareholders' funds
2,011
2,704
For the year ending 28 February 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 24 October 2023 and were signed on its behalf by
Muhammad Israr Khan
Director
Company Registration No. 08404830
MIK ENTERPRISE LTD
Notes to the Accounts
for the year ended 28 February 2023
MIK ENTERPRISE LTD is a private company, limited by shares, registered in England and Wales, registration number 08404830. The registered office is 108 SUTTON COURT ROAD, LONDON, E13 9NS.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2022
26,855
1,250
28,105
At 28 February 2023
26,855
1,250
28,105
At 1 March 2022
16,509
450
16,959
Charge for the year
2,069
160
2,229
At 28 February 2023
18,578
610
19,188
At 28 February 2023
8,277
640
8,917
At 28 February 2022
10,346
800
11,146
Amounts falling due within one year
MIK ENTERPRISE LTD
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
685
2,317
Loans from directors
13,779
19,770
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).