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Company Registration No. 11084827 (England and Wales)
BY MIA COSMETICS LTD Unaudited accounts for the year ended 30 November 2023
BY MIA COSMETICS LTD Unaudited accounts Contents
Page
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BY MIA COSMETICS LTD Company Information for the year ended 30 November 2023
Director
Mr S Kefli
Company Number
11084827 (England and Wales)
Registered Office
Unit 46i Leyton Industrial Village Argall Avenue London E10 7QP England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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BY MIA COSMETICS LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
39,296 
15,496 
Current assets
Inventories
204,115 
205,395 
Debtors
4,696 
4,696 
Cash at bank and in hand
2,191 
2,253 
211,002 
212,344 
Creditors: amounts falling due within one year
(181,172)
(201,929)
Net current assets
29,830 
10,415 
Total assets less current liabilities
69,126 
25,911 
Creditors: amounts falling due after more than one year
(59,905)
(24,899)
Net assets
9,221 
1,012 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9,121 
912 
Shareholders' funds
9,221 
1,012 
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 18 April 2024 and were signed on its behalf by
Mr S Kefli Director Company Registration No. 11084827
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BY MIA COSMETICS LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
BY MIA COSMETICS LTD is a private company, limited by shares, registered in England and Wales, registration number 11084827. The registered office is Unit 46i Leyton Industrial Village, Argall Avenue, London, E10 7QP, England.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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
6% - reducing line method
Fixtures & fittings
18% - reducing line method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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BY MIA COSMETICS LTD Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
13,750 
5,039 
18,789 
Additions
38,885 
- 
38,885 
Disposals
(13,750)
- 
(13,750)
At 30 November 2023
38,885 
5,039 
43,924 
Depreciation
At 1 December 2022
1,600 
1,693 
3,293 
Charge for the year
2,333 
602 
2,935 
On disposals
(1,600)
- 
(1,600)
At 30 November 2023
2,333 
2,295 
4,628 
Net book value
At 30 November 2023
36,552 
2,744 
39,296 
At 30 November 2022
12,150 
3,346 
15,496 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
4,696 
4,696 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
(1,826)
76 
Trade creditors
23,245 
- 
Taxes and social security
2,292 
313 
Loans from directors
147,461 
191,540 
181,172 
201,929 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,889 
24,899 
Obligations under finance leases and hire purchase contracts
45,016 
- 
59,905 
24,899 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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BY MIA COSMETICS LTD Notes to the Accounts for the year ended 30 November 2023
9
Transactions with related parties
Included within other creditors is an amount of £147,461 (2022;£191,540) due to its directors. There are no terms as to interest or repayment in respect of this balance.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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