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
BY MIA COSMETICS LTD
Company Information
for the year ended 30 November 2023
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
BY MIA COSMETICS LTD
Statement of financial position
as at 30 November 2023
Tangible assets
39,296
15,496
Inventories
204,115
205,395
Cash at bank and in hand
2,191
2,253
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)
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
BY MIA COSMETICS LTD
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
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
Disposals
(13,750)
-
(13,750)
At 30 November 2023
38,885
5,039
43,924
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
At 30 November 2023
36,552
2,744
39,296
At 30 November 2022
12,150
3,346
15,496
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Taxes and social security
2,292
313
Loans from directors
147,461
191,540
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
45,016
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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).