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REGISTERED NUMBER: 05317928 (England and Wales)














MIB-U2 SOLUTIONS LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2023






MIB-U2 SOLUTIONS LIMITED (REGISTERED NUMBER: 05317928)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MIB-U2 SOLUTIONS LIMITED

Company Information
for the Year Ended 31 March 2023







Directors: Mr R Amin
Mrs U Amin





Secretary: Mrs U Amin





Registered office: Artisans House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF





Registered number: 05317928 (England and Wales)





Accountants: Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

MIB-U2 SOLUTIONS LIMITED (REGISTERED NUMBER: 05317928)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,318 92,371

CURRENT ASSETS
Stocks 772 990
Debtors 5 143,320 154,154
Cash at bank 306,030 260,217
450,122 415,361
CREDITORS
Amounts falling due within one year 6 120,769 124,797
NET CURRENT ASSETS 329,353 290,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

419,671

382,935

CREDITORS
Amounts falling due after more than
one year

7

34,697

71,036
NET ASSETS 384,974 311,899

CAPITAL AND RESERVES
Called up share capital 100,100 100,100
Retained earnings 284,874 211,799
SHAREHOLDERS' FUNDS 384,974 311,899

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 directors acknowledge their 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.

MIB-U2 SOLUTIONS LIMITED (REGISTERED NUMBER: 05317928)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:





Mr R Amin - Director


MIB-U2 SOLUTIONS LIMITED (REGISTERED NUMBER: 05317928)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

MIB-U2 Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Going concern
The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.

The director is therefore satisfied and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Theses financial statements have therefore been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

MIB-U2 SOLUTIONS LIMITED (REGISTERED NUMBER: 05317928)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 April 2022 141,022
Additions 25,471
Disposals (358 )
At 31 March 2023 166,135
Depreciation
At 1 April 2022 48,651
Charge for year 27,166
At 31 March 2023 75,817
Net book value
At 31 March 2023 90,318
At 31 March 2022 92,371

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 63,909 64,523
Other debtors 79,411 89,631
143,320 154,154

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 10,000
Hire purchase contracts 3,449 3,288
Trade creditors 31,158 35,620
Taxation and social security 80,456 55,833
Other creditors 5,706 20,056
120,769 124,797

MIB-U2 SOLUTIONS LIMITED (REGISTERED NUMBER: 05317928)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 32,891
Hire purchase contracts 34,697 38,145
34,697 71,036