Registered number
11687999
MIS (NW) Ltd
Filleted Accounts
31 October 2023
MIS (NW) Ltd
Registered number: 11687999
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 2 9,469 5,773
9,469 5,773
Current assets
Stocks 44,000 38,000
Debtors 3 - -
Cash at bank and in hand 141,297 130,977
185,297 168,977
Creditors: amounts falling due within one year 4 (18,437) (13,686)
Net current assets 166,860 155,291
Total assets less current liabilities 176,329 161,064
Creditors: amounts falling due after more than one year 5 (186,395) (186,395)
Provisions for liabilities - -
Net liabilities (10,066) (25,331)
Capital and reserves
Called up share capital 10 10
Profit and loss account (10,076) (25,341)
Shareholder's funds (10,066) (25,331)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr Muhammad Imran AZEEM
Director
Approved by the board on 25 July 2024
MIS (NW) Ltd
Notes to the Accounts
for the year ended 31 October 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:
Plant and machinery 18% pa
Fixtures, fittings, tools and equipment 18% pa
2023 2022
Average number of persons employed by the company 16 24
2 Tangible fixed assets
Land and buildings Equipment, Fixture & Fitting Motor vehicles Total
£ £ £ £
Cost
At 1 November 2022 - - 9,075 9,075
Additions - 5,775 - 5,775
Surplus on revaluation - - - -
Disposals - - - -
At 31 October 2023 - 5,775 9,075 14,850
Depreciation
At 1 November 2022 - - 3,302 3,302
Charge for the year - 1,040 1,039 2,079
Surplus on revaluation - - - -
On disposals - - - -
At 31 October 2023 - 1,040 4,341 5,381
Net book value
At 31 October 2023 - 4,735 4,734 9,469
At 31 October 2022 - - 5,773 5,773
3 Debtors 2023 2022
£ £
Trade debtors - -
Other debtors- COVID 19 JRS Grant - -
- -
Amounts due after more than one year included above - -
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - -
Taxation and social security costs 18,437 13,686
Other creditors - -
18,437 13,686
5 Creditors: amounts falling due after one year 2023 2022
£ £
Director's Loan 186,395 186,395
Trade creditors - -
Other creditors - -
186,395 186,395
6 Other information
MIS (NW) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
30 Spotland Road
Rochdale, Lancashire.
OL12 6PE
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