14 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 14054557 2023-05-01 2024-04-30 14054557 2024-04-30 14054557 2023-04-30 14054557 2022-04-19 2023-04-30 14054557 2023-04-30 14054557 2022-04-18 14054557 core:PlantMachinery 2023-05-01 2024-04-30 14054557 core:FurnitureFittings 2023-05-01 2024-04-30 14054557 core:MotorVehicles 2023-05-01 2024-04-30 14054557 bus:Director1 2023-05-01 2024-04-30 14054557 core:PlantMachinery 2024-04-30 14054557 core:FurnitureFittings 2024-04-30 14054557 core:MotorVehicles 2024-04-30 14054557 core:WithinOneYear 2024-04-30 14054557 core:AfterOneYear 2024-04-30 14054557 core:ShareCapital 2024-04-30 14054557 core:ShareCapital 2023-04-30 14054557 core:RetainedEarningsAccumulatedLosses 2024-04-30 14054557 bus:SmallEntities 2023-05-01 2024-04-30 14054557 bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 14054557 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 14054557 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14054557 bus:FullAccounts 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 14054557
MIR Food UK 1 Ltd
Filleted Unaudited Financial Statements
30 April 2024
MIR Food UK 1 Ltd
Financial Statements
Year ended 30 April 2024
Contents
Page
Balance sheet
1
Notes to the financial statements
3
MIR Food UK 1 Ltd
Balance Sheet
30 April 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
118,923
Current assets
Stocks
245,500
Debtors
6
182,911
100
Cash at bank and in hand
87,295
---------
----
515,706
100
Creditors: amounts falling due within one year
7
313,785
---------
----
Net current assets
201,921
100
---------
----
Total assets less current liabilities
320,844
100
Creditors: amounts falling due after more than one year
8
312,665
---------
----
Net assets
8,179
100
---------
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
8,079
-------
----
Shareholders funds
8,179
100
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MIR Food UK 1 Ltd
Balance Sheet (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 19 July 2024 , and are signed on behalf of the board by:
Mr Y Cagin
Director
Company registration number: 14054557
MIR Food UK 1 Ltd
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kimberley House, 31 Burnt Oak Broadway, Edgware, London, HA8 5LD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 14 (2023: Nil).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 May 2023
Additions
18,398
128,958
10,507
157,863
--------
---------
--------
---------
At 30 April 2024
18,398
128,958
10,507
157,863
--------
---------
--------
---------
Depreciation
At 1 May 2023
Charge for the year
4,599
32,240
2,101
38,940
--------
---------
--------
---------
At 30 April 2024
4,599
32,240
2,101
38,940
--------
---------
--------
---------
Carrying amount
At 30 April 2024
13,799
96,718
8,406
118,923
--------
---------
--------
---------
At 30 April 2023
--------
---------
--------
---------
6. Debtors
2024
2023
£
£
Trade debtors
37,967
Other debtors
144,944
100
---------
----
182,911
100
---------
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
300,730
Corporation tax
3,143
Social security and other taxes
3,893
Other creditors
6,019
---------
----
313,785
---------
----
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
312,665
---------
----