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REGISTERED NUMBER: 08609696 (England and Wales)


Financial Statements for the Year Ended 31 July 2023

for

Mirkay Limited

Mirkay Limited (Registered number: 08609696)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Mirkay Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr Paulesh Surendra Patel





REGISTERED OFFICE: 2 Colliers Buildings
Beaulieu Road Dibden Purlieu
Southampton
SO45 4PX





REGISTERED NUMBER: 08609696 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Mirkay Limited (Registered number: 08609696)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 105,300 105,300
Property, plant and equipment 5 75,370 120,781
180,670 226,081

CURRENT ASSETS
Inventories 29,729 29,095
Debtors 6 59,020 67,936
Cash at bank and in hand 270,143 304,282
358,892 401,313
CREDITORS
Amounts falling due within one year 7 166,317 160,442
NET CURRENT ASSETS 192,575 240,871
TOTAL ASSETS LESS CURRENT
LIABILITIES

373,245

466,952

CREDITORS
Amounts falling due after more than one
year

8

220,378

276,042
NET ASSETS 152,867 190,910

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 152,767 190,810
SHAREHOLDERS' FUNDS 152,867 190,910

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 director acknowledges his 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.

Mirkay Limited (Registered number: 08609696)

Statement of Financial Position - 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 director and authorised for issue on 15 April 2024 and were signed by:





Mr Paulesh Surendra Patel - Director


Mirkay Limited (Registered number: 08609696)

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

1. STATUTORY INFORMATION

Mirkay 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 105,300
NET BOOK VALUE
At 31 July 2023 105,300
At 31 July 2022 105,300

Mirkay Limited (Registered number: 08609696)

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

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 August 2022 173,030
Additions 7,708
Disposals (27,995 )
At 31 July 2023 152,743
DEPRECIATION
At 1 August 2022 52,249
Charge for year 28,040
Eliminated on disposal (2,916 )
At 31 July 2023 77,373
NET BOOK VALUE
At 31 July 2023 75,370
At 31 July 2022 120,781

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 59,020 67,936

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 22,321 36,088
Taxation and social security 141,897 112,000
Other creditors 2,099 12,354
166,317 160,442

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 135,149 179,431
Hire purchase contracts 47,378 96,611
Other creditors 37,851 -
220,378 276,042

Mirkay Limited (Registered number: 08609696)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.7.23 31.7.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 47,378 63,171

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100