05997814falseto as as commission agents and sales consultants2022-12-012023-11-30http://www.companieshouse.gov.uk/2022-11-30http://www.companieshouse.gov.uk/cd:CompanySecretary12022-12-012023-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2022-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2022-11-30http://www.companieshouse.gov.uk/cd:Director12022-12-012023-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2023-11-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-11-30http://www.companieshouse.gov.uk/cd:Director22022-12-012023-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-11-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-12-012023-11-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-12-012023-11-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-12-012023-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-11-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-11-30http://www.companieshouse.gov.uk/2022-12-012023-11-30http://www.companieshouse.gov.uk/2022-11-30http://www.companieshouse.gov.uk/cd:FRS1022022-12-012023-11-30http://www.companieshouse.gov.uk/2023-11-30http://www.companieshouse.gov.uk/cd:FullAccounts2022-12-012023-11-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-12-012023-11-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 05997814

MIBA Europe Ltd

UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

MIBA Europe Ltd

ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
DIRECTORS
M J Back
A B Back
SECRETARY
M J Back
REGISTERED OFFICE
66 Grasmere Road
Muswell Hill
London
N10 2DJ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05997814
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

MIBA Europe Ltd

ACCOUNTS
FOR THEYEARENDED30 NOVEMBER 2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

MIBA Europe Ltd

BALANCE SHEET AT 30 November 2023
20232022
Notes££
FIXED ASSETS
Tangible assets224
CURRENT ASSETS
Stock383,027147,363
Debtors42,908,9372,227,999
Cash at bank and in hand189,188167,809
3,481,1522,543,171
CREDITORS: Amounts falling due within one year51,534,405909,653
NET CURRENT ASSETS1,946,7471,633,518
TOTAL ASSETS LESS CURRENT LIABILITIES1,946,7491,633,522
CAPITAL AND RESERVES
Called up share capital79999
Profit and loss account1,946,6501,633,423
SHAREHOLDERS' FUNDS1,946,7491,633,522
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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 31 August 2024 and signed on their behalf by
.............................
M J Back
Director

MIBA Europe Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 33.33%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f. Turnover
Turnover is derived from commission agents and sales sonsultants services supplied by the company, net of value added tax and trade discounts and is recognised when services are rendered.
1g. Statutory Information
MIBA Europe Ltd is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 05997814 and registered office address is 66 Grasmere Road, Muswell Hill, London, N10 2DJ.
1h. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.

MIBA Europe Ltd

2. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 1 December 20226204291,049
At 30 November 20236204291,049
Depreciation
At 1 December 20226204251,045
For the year-22
At 30 November 20236204271,047
Net Book Amounts
At 30 November 2023-22
At 30 November 2022-44
3. STOCK 20232022
££
Stock comprises:
Stock383,027147,363
383,027147,363
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors1,098,048535,028
Salaries and wages control136135
Other debtors1,647,2681,575,613
Directors current account163,485117,223
2,908,9372,227,999
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Taxation and social security195,965122,190
Trade creditors723,880395,488
Other creditors 612,710389,185
Accruals1,8502,790
1,534,405909,653

MIBA Europe Ltd

6. EMPLOYEES
20232022
No.No.
Average number of employees11
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
99 Ordinary shares of £1 each9999
9999
8. RELATED PARTY TRANSACTIONS
At the balance sheet date, a director of the company, had advances of loans of £163,485 (Last Year £117,223). The maximum amount advanced in the year was £163,485. Interest was charged at 2.25 % p.a.