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REGISTERED NUMBER: 08701203 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

MI I.T Guy Ltd

MI I.T Guy Ltd (Registered number: 08701203)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MI I.T Guy Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTOR: S A Reece





REGISTERED OFFICE: 1-3 (ground floor) Back Cross Lane
Newton-le-Willows
Merseyside
WA12 9YE





REGISTERED NUMBER: 08701203 (England and Wales)





ACCOUNTANTS: Nick Brajkovich Limited
Chartered Accountants
29 Withers Avenue
Warrington
Cheshire
WA2 8EU

MI I.T Guy Ltd (Registered number: 08701203)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,105 4,878

CURRENT ASSETS
Debtors 5 34,960 39,584
Cash at bank 21,172 12,773
56,132 52,357
CREDITORS
Amounts falling due within one year 6 25,125 27,191
NET CURRENT ASSETS 31,007 25,166
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,112

30,044

CREDITORS
Amounts falling due after more than one
year

7

(7,875

)

(12,540

)

PROVISIONS FOR LIABILITIES (975 ) (975 )
NET ASSETS 26,262 16,529

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 26,162 16,429
SHAREHOLDERS' FUNDS 26,262 16,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

MI I.T Guy Ltd (Registered number: 08701203)

Balance Sheet - continued
30 September 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 December 2023 and were signed by:





S A Reece - Director


MI I.T Guy Ltd (Registered number: 08701203)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

MI I.T Guy 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.

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

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 - 3 ) .

MI I.T Guy Ltd (Registered number: 08701203)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 2,480 5,207 14,000 16,765 38,452
Additions - - - 1,758 1,758
At 30 September 2023 2,480 5,207 14,000 18,523 40,210
DEPRECIATION
At 1 October 2022 1,940 3,927 12,110 15,597 33,574
Charge for year 135 320 470 1,606 2,531
At 30 September 2023 2,075 4,247 12,580 17,203 36,105
NET BOOK VALUE
At 30 September 2023 405 960 1,420 1,320 4,105
At 30 September 2022 540 1,280 1,890 1,168 4,878

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 365 84
Other debtors 34,595 39,500
34,960 39,584

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 4,500 8,400
Trade creditors 2,028 240
Taxation and social security 18,488 18,524
Other creditors 109 27
25,125 27,191

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 7,875 12,540