Miraco Limited 08410521 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is Motion PIcture/Video Production Digita Accounts Production Advanced 6.30.9574.0 true true 08410521 2022-03-01 2023-02-28 08410521 2023-02-28 08410521 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-02-28 08410521 bus:Original 2023-02-28 08410521 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 08410521 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 08410521 core:FurnitureFittingsToolsEquipment 2023-02-28 08410521 bus:SmallEntities 2022-03-01 2023-02-28 08410521 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 08410521 bus:FullAccounts 2022-03-01 2023-02-28 08410521 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 08410521 bus:RegisteredOffice 2022-03-01 2023-02-28 08410521 bus:Director1 2022-03-01 2023-02-28 08410521 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-03-01 2023-02-28 08410521 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 08410521 core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 08410521 countries:England 2022-03-01 2023-02-28 08410521 2022-02-28 08410521 core:FurnitureFittingsToolsEquipment 2022-02-28 08410521 2021-03-01 2022-02-28 08410521 2022-02-28 08410521 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-02-28 08410521 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 08410521 core:Non-currentFinancialInstruments core:AfterOneYear 2022-02-28 08410521 core:FurnitureFittingsToolsEquipment 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08410521

Miraco Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 28 February 2023

 

Miraco Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 7

 

Miraco Limited

Company Information

Director

Miss Changwei Deng

Registered office

44 Regent Square
Belvedere
Kent
DA17 6EP

Accountants

Stones Accountancy Limited
Chartered Accountant
5 North Court
Armstrong Road
Maidstone
Kent
ME15 6JZ

 

Miraco Limited

(Registration number: 08410521)
Abridged Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

392

478

Current assets

 

Cash at bank and in hand

 

223

916

Creditors: Amounts falling due within one year

(48,394)

(42,819)

Net current liabilities

 

(48,171)

(41,903)

Total assets less current liabilities

 

(47,779)

(41,425)

Creditors: Amounts falling due after more than one year

(50,000)

(50,000)

Accruals and deferred income

 

(684)

-

Net liabilities

 

(98,463)

(91,425)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(98,464)

(91,426)

Shareholders' deficit

 

(98,463)

(91,425)

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 November 2023
 

.........................................
Miss Changwei Deng
Director

 

Miraco Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
44 Regent Square
Belvedere
Kent
DA17 6EP
England

These financial statements were authorised for issue by the director on 15 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Miraco Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 0).

 

Miraco Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

4

Intangible assets

Total
£

Cost or valuation

At 1 March 2022

12,050

At 28 February 2023

12,050

Amortisation

At 1 March 2022

12,050

At 28 February 2023

12,050

Carrying amount

At 28 February 2023

-

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2022

2,758

2,758

At 28 February 2023

2,758

2,758

Depreciation

At 1 March 2022

2,280

2,280

Charge for the year

86

86

At 28 February 2023

2,366

2,366

Carrying amount

At 28 February 2023

392

392

At 28 February 2022

478

478

6

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

7

Share capital

Allotted, called up and fully paid shares

 

Miraco Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

 

2023

2022

 

No.

£

No.

£

Ordinary A of £0.00 each

200,000

1.00

200,000

1.00

         

8

Related party transactions

 

Miraco Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 28 February 2023

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

9,000

-