Registered number
09674751
MIA MENS (IOW) LTD
Filleted Accounts
31 July 2023
MIA MENS (IOW) LTD
Registered number: 09674751
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 9,149 9,438
9,149 9,438
Current assets
Stocks 35,500 32,770
Debtors 4 5,388 5,421
Cash at bank and in hand 52,283 56,416
93,171 94,607
Creditors: amounts falling due within one year 5 (72,254) (72,275)
Net current assets 20,917 22,332
Total assets less current liabilities 30,066 31,770
Creditors: amounts falling due after more than one year 6 (15,713) (22,220)
Net assets 14,353 9,550
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 13,353 8,550
Shareholders' funds 14,353 9,550
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms Maria Guy
Director
Approved by the board on 2 April 2024
MIA MENS (IOW) LTD
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 10% Reducing Balance Method
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 1,285 14,316 15,601
Additions 728 - 728
At 31 July 2023 2,013 14,316 16,329
Depreciation
At 1 August 2022 301 5,862 6,163
Charge for the year 171 846 1,017
At 31 July 2023 472 6,708 7,180
Net book value
At 31 July 2023 1,541 7,608 9,149
At 31 July 2022 984 8,454 9,438
4 Debtors 2023 2022
£ £
Trade debtors 3,123 3,881
Other debtors 2,265 1,540
5,388 5,421
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation Tax 970 190
Taxation and social security costs 5,665 5,476
Other creditors 65,619 66,609
72,254 72,275
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 15,713 22,220
15,713 22,220
7 Controlling party
The company is controlled by Maria Guy by virtue of her holding of 100% issued share capitals
during the year.
8 Other information
MIA MENS (IOW) LTD is a private company limited by shares and incorporated in England. Its registered office is:
H Plaskow & Co
Chartered Certified Accountants
208 Green Lanes
Palmers Green
London
N13 5UE
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