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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
Page
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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
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Mirrors and Lights Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,272 
22,907 
Current assets
Inventories
73,431 
123,431 
Cash at bank and in hand
50,796 
55,893 
124,227 
179,324 
Creditors: amounts falling due within one year
(129,634)
(108,078)
Net current (liabilities)/assets
(5,407)
71,246 
Net assets
9,865 
94,153 
Capital and reserves
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
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Mirrors and Lights Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 August 2022
52,642 
At 31 July 2023
52,642 
Depreciation
At 1 August 2022
29,735 
Charge for the year
7,635 
At 31 July 2023
37,370 
Net book value
At 31 July 2023
15,272 
At 31 July 2022
22,907 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
19,520 
20,596 
Trade creditors
16,602 
8,200 
Taxes and social security
91,758 
52,188 
Loans from directors
1,754 
27,094 
129,634 
108,078 
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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).
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