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Company registration number: 09857787
MITTO TECHNOLOGIES LIMITED
REPORT OF THE DIRECTOR'S AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023

MITTO TECHNOLOGIES LIMITED
BALANCE SHEET
AS AT 31 December 2023
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets32,2282,624
2,2282,624
CURRENT ASSETS
Debtors228,480242,694
Cash at bank and in hand5,9086,788
234,388249,482
CREDITORS
Amounts falling due within one year (66,297) (116,706)
NET CURRENT ASSETS 168,091 132,776
TOTAL ASSETS LESS
CURRENT LIABILITIES 170,319 135,400
NET ASSETS 170,319 135,400
CAPITAL AND RESERVES
Called-up equity share capital 100 100
Profit and loss account 170,219 135,300
SHAREHOLDERS FUNDS 170,319 135,400
For the year ending 31 December 2023 the company was entitled to exemption 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 the accounts.
All the members have consented to the preparation of abridged financial statements for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 28 August 2024 and signed on its behalf.
..........................................................................
A Giacomini
28 August 2024
The annexed notes form part of these financial statements.

MITTO TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
1. Accounting policies
Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company.
Foreign Currency
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Fixed Assets
Tangible fixed assets are stated at cost less depreciation. Depreciation i provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures and fittings- 15% reducing balance basi
Pension Scheme
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.
2.Employees
The average number of persons employed by the company (including directors) during the year was 3.
3.Tangible fixed assets
Total
Cost
At start of period3,642
At end of period3,642
Depreciation
At start of period1,018
Provided during the period396
At end of period1,414
Net Book Value
At start of period2,624
At end of period2,228
4.
Related Party Transactions
During the year the company provided services to its parent company Mitto AG totaling £381,581 During the year the parent company Mitto AG provided transmission services totalling £679,593 to the company. The amount owed by the company to Mitto AG at the date of the balance sheet was £33,137 (2022 £98,672).
5.Pension costs
The company operates a defined contribution scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund.