Company Registration No. 07228189 (England and Wales)
Mirrors and Lights Limited
Unaudited accounts
for the year ended 31 July 2023
Mirrors and Lights Limited
Unaudited accounts
Contents
Mirrors and Lights Limited
Company Information
for the year ended 31 July 2023
Directors
Mr G Milburn
Mrs J Milburn
Mr M Milburn
Company Number
07228189 (England and Wales)
Registered Office
1 Jesmond Business Court,
217 Jesmond Road
Newcastle
NE2 1LA
United Kingdom
Accountants
G W Accountants Ltd
1 Jesmond Business Court
217 Jesmond Road
Newcastle upon Tyne
NE2 1LA
Mirrors and Lights Limited
Statement of financial position
as at 31 July 2023
Tangible assets
15,272
22,907
Inventories
73,431
123,431
Cash at bank and in hand
50,796
55,893
Creditors: amounts falling due within one year
(129,634)
(108,078)
Net current (liabilities)/assets
(5,407)
71,246
Called up share capital
101
101
Profit and loss account
9,764
94,052
Shareholders' funds
9,865
94,153
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by
Mr G Milburn
Director
Company Registration No. 07228189
Mirrors and Lights Limited
Notes to the Accounts
for the year ended 31 July 2023
Mirrors and Lights Limited is a private company, limited by shares, registered in England and Wales, registration number 07228189. The registered office is 1 Jesmond Business Court,, 217 Jesmond Road, Newcastle, NE2 1LA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
4 years straight line
4
Tangible fixed assets
Motor vehicles
5
Creditors: amounts falling due within one year
2023
2022
Trade creditors
16,602
8,200
Taxes and social security
91,758
52,188
Loans from directors
1,754
27,094
Mirrors and Lights Limited
Notes to the Accounts
for the year ended 31 July 2023
6
Average number of employees
During the year the average number of employees was 6 (2022: 6).