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REGISTERED NUMBER: 09140102 (England and Wales)











Financial Statements

for the Year Ended 31 July 2023

for

MINIA & CO. LTD

MINIA & CO. LTD (REGISTERED NUMBER: 09140102)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MINIA & CO. LTD

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr C H Vekaria
Mrs A Vekaria





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 09140102 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

MINIA & CO. LTD (REGISTERED NUMBER: 09140102)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,308 6,855

CURRENT ASSETS
Debtors 5 13,024 67,910
Cash at bank 122,671 37,117
135,695 105,027
CREDITORS
Amounts falling due within one year 6 101,639 78,621
NET CURRENT ASSETS 34,056 26,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,364

33,261

CREDITORS
Amounts falling due after more than one year 7 (18,934 ) (26,764 )

PROVISIONS FOR LIABILITIES 8 (1,327 ) (1,233 )
NET ASSETS 19,103 5,264

CAPITAL AND RESERVES
Called up share capital 9 105 105
Retained earnings 18,998 5,159
SHAREHOLDERS' FUNDS 19,103 5,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

MINIA & CO. LTD (REGISTERED NUMBER: 09140102)

Balance Sheet - continued
31 July 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 20 February 2024 and were signed on its behalf by:





Mr C H Vekaria - Director


MINIA & CO. LTD (REGISTERED NUMBER: 09140102)

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

1. STATUTORY INFORMATION

Minia & Co. Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 3 (2022 - 2 ) .

MINIA & CO. LTD (REGISTERED NUMBER: 09140102)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022 13,317 5,271 18,588
Disposals - (3,415 ) (3,415 )
At 31 July 2023 13,317 1,856 15,173
DEPRECIATION
At 1 August 2022 8,188 3,545 11,733
Charge for year 769 779 1,548
Eliminated on disposal - (3,416 ) (3,416 )
At 31 July 2023 8,957 908 9,865
NET BOOK VALUE
At 31 July 2023 4,360 948 5,308
At 31 July 2022 5,129 1,726 6,855

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 9,730 12,187
Amounts owed by group undertakings - 50,000
Other debtors 3,000 3,000
VAT 294 2,723
13,024 67,910

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 8,627 8,627
Tax 18,537 5,827
Directors' current accounts 72,975 62,667
Accruals and deferred income 1,500 1,500
101,639 78,621

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans - 1-2 years 8,627 8,627
Bank loans - 2-5 years 10,307 18,137
18,934 26,764

MINIA & CO. LTD (REGISTERED NUMBER: 09140102)

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

8. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 1,327 1,233

Deferred
tax
£   
Balance at 1 August 2022 1,233
Provided during year 94
Balance at 31 July 2023 1,327

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
99 A Class Ordinary £1 99 99
1 B Class Ordinary £1 1 1
1 C Class Ordinary £1 1 1
1 D Class Ordinary £1 1 1
1 E Class Ordinary £1 1 1
1 F Class Ordinary £1 1 1
1 G Class Ordinary £1 1 1
105 105

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the director an amount of £72,975 (2022: £62,667). The amount is interest free and repayable on demand.