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REGISTERED NUMBER: 06055577 (England and Wales)










Unaudited Financial Statements

for the Year Ended 28 February 2023

for

MirvSys Limited

MirvSys Limited (Registered number: 06055577)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MirvSys Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: MS Irving
Mrs JA Irving





SECRETARY: MS Irving





REGISTERED OFFICE: 37-38 Market Street
Ferryhill
Co. Durham
DL17 8JH





REGISTERED NUMBER: 06055577 (England and Wales)





ACCOUNTANTS: Little & Neal
37-38 Market Street
Ferryhill
Co. Durham
DL17 8JH

MirvSys Limited (Registered number: 06055577)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,551 39,857

CURRENT ASSETS
Debtors 5 7,650 8,824
Cash at bank 78,460 66,097
86,110 74,921
CREDITORS
Amounts falling due within one year 6 56,706 40,840
NET CURRENT ASSETS 29,404 34,081
TOTAL ASSETS LESS CURRENT
LIABILITIES

117,955

73,938

CREDITORS
Amounts falling due after more than one
year

7

80,576

29,606
NET ASSETS 37,379 44,332

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 37,277 44,230
SHAREHOLDERS' FUNDS 37,379 44,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

MirvSys Limited (Registered number: 06055577)

Balance Sheet - continued
28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:





MS Irving - Director


MirvSys Limited (Registered number: 06055577)

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

1. STATUTORY INFORMATION

MirvSys 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

MirvSys Limited (Registered number: 06055577)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 65,235
Additions 92,839
Disposals (50,990 )
At 28 February 2023 107,084
DEPRECIATION
At 1 March 2022 25,378
Charge for year 19,712
Eliminated on disposal (26,557 )
At 28 February 2023 18,533
NET BOOK VALUE
At 28 February 2023 88,551
At 28 February 2022 39,857

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2022 50,990
Additions 92,839
Disposals (50,990 )
At 28 February 2023 92,839
DEPRECIATION
At 1 March 2022 19,121
Charge for year 17,107
Eliminated on disposal (26,557 )
At 28 February 2023 9,671
NET BOOK VALUE
At 28 February 2023 83,168
At 28 February 2022 31,869

MirvSys Limited (Registered number: 06055577)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 5,550 6,660
Other debtors 2,100 2,164
7,650 8,824

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 15,312 5,916
Trade creditors 2,720 3,071
Taxation and social security 34,968 28,470
Other creditors 3,706 3,383
56,706 40,840

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 80,576 29,606