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Registered Number: 08965922
England and Wales

 

 

 

MI LITTLE PAD LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
Directors John Gallacher
Sally Cooper
Registered Number 08965922
Registered Office 49 Somerset Street
Abertillery
Gwent
NP13 1DL
Accountants Child and Child Accountants Ltd
49 Somerset Street
Abertillery
NP13 1DL
1
  2023   2022
    £ £   £ £
Current assets 30,568      32,053   
Creditors: amount falling due within one year (50,639)     (27,872)  
Net current liabilities   (20,071)     4,181 
Total assets less current liabilities   (20,071)     4,181 
Creditors: amount falling due after more than one year       (29,908)
Net liabilities   (20,071)     (25,727)
 

         
Capital and reserves   (20,071)     (25,727)
 
NOTES TO THE ACCOUNTS

General Information
MI LITTLE PAD LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08965922, registration address 49 Somerset Street, Abertillery, Gwent, NP13 1DL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 April 2022 40,706    40,706 
Additions  
Disposals  
At 31 March 2023 40,706    40,706 
Depreciation
At 01 April 2022 40,706    40,706 
Charge for year  
On disposals  
At 31 March 2023 40,706    40,706 
Net book values
Closing balance as at 31 March 2023  
Opening balance as at 01 April 2022  


3.

Staff Costs

2023   2022
 
Average number of employees during the year Number   Number
Sales 3    4 
 

4.

Average number of employees

Average number of employees during the year was 3 (2022 : 4).


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 13 November 2023 and were signed on its behalf by:


--------------------------------
John Gallacher
Director
2