IRIS Accounts Production v24.2.0.383 05317928 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh053179282023-03-31053179282024-03-31053179282023-04-012024-03-31053179282022-03-31053179282022-04-012023-03-31053179282023-03-3105317928ns15:EnglandWales2023-04-012024-03-3105317928ns14:PoundSterling2023-04-012024-03-3105317928ns10:Director12023-04-012024-03-3105317928ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3105317928ns10:SmallEntities2023-04-012024-03-3105317928ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3105317928ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3105317928ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3105317928ns10:FullAccounts2023-04-012024-03-3105317928ns10:Director22023-04-012024-03-3105317928ns10:Director32023-04-012024-03-3105317928ns10:Director42023-04-012024-03-3105317928ns10:Director52023-04-012024-03-3105317928ns10:CompanySecretary12023-04-012024-03-3105317928ns10:RegisteredOffice2023-04-012024-03-3105317928ns5:CurrentFinancialInstruments2024-03-3105317928ns5:CurrentFinancialInstruments2023-03-3105317928ns5:Non-currentFinancialInstruments2024-03-3105317928ns5:Non-currentFinancialInstruments2023-03-3105317928ns5:ShareCapital2024-03-3105317928ns5:ShareCapital2023-03-3105317928ns5:RetainedEarningsAccumulatedLosses2024-03-3105317928ns5:RetainedEarningsAccumulatedLosses2023-03-3105317928ns5:PlantMachinery2023-03-3105317928ns5:PlantMachinery2023-04-012024-03-3105317928ns5:PlantMachinery2024-03-3105317928ns5:PlantMachinery2023-03-3105317928ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3105317928ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 05317928 (England and Wales)














MIB-U2 SOLUTIONS LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2024






MIB-U2 SOLUTIONS LIMITED (REGISTERED NUMBER: 05317928)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


MIB-U2 SOLUTIONS LIMITED

Company Information
for the Year Ended 31 March 2024







Directors: Mr R Amin
Mrs U Amin
Mr P S Amin
Mr N Amin
Miss T Amin





Secretary: Mrs U Amin





Registered office: Artisans House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF





Registered number: 05317928 (England and Wales)





Accountants: Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

MIB-U2 SOLUTIONS LIMITED (REGISTERED NUMBER: 05317928)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,438 90,318

CURRENT ASSETS
Stocks 1,000 772
Debtors 5 116,767 143,320
Cash at bank 258,671 306,030
376,438 450,122
CREDITORS
Amounts falling due within one year 6 113,153 120,769
NET CURRENT ASSETS 263,285 329,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,723

419,671

CREDITORS
Amounts falling due after more than
one year

7

31,079

34,697
NET ASSETS 307,644 384,974

CAPITAL AND RESERVES
Called up share capital 100,100 100,100
Retained earnings 207,544 284,874
SHAREHOLDERS' FUNDS 307,644 384,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MIB-U2 SOLUTIONS LIMITED (REGISTERED NUMBER: 05317928)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:





Mr R Amin - Director


MIB-U2 SOLUTIONS LIMITED (REGISTERED NUMBER: 05317928)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

MIB-U2 Solutions Limited 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Going concern
The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.

The director is therefore satisfied and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Theses financial statements have therefore been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

MIB-U2 SOLUTIONS LIMITED (REGISTERED NUMBER: 05317928)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 April 2023 166,135
Additions 12,822
At 31 March 2024 178,957
Depreciation
At 1 April 2023 75,817
Charge for year 27,702
At 31 March 2024 103,519
Net book value
At 31 March 2024 75,438
At 31 March 2023 90,318

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 72,032 63,909
Other debtors 44,735 79,411
116,767 143,320

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,618 3,449
Trade creditors 26,415 31,158
Taxation and social security 66,757 80,456
Other creditors 16,363 5,706
113,153 120,769

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 31,079 34,697