Company Registration No. 10412780 (England and Wales)
MI Nest Limited
Unaudited accounts
for the year ended 31 October 2023
MI Nest Limited
Unaudited accounts
Contents
MI Nest Limited
Company Information
for the year ended 31 October 2023
Director
Muhammad Sadiq Malik
Company Number
10412780 (England and Wales)
Registered Office
29 CHESTNUT GROVE
MITCHAM
CR4 1RE
UNITED KINGDOM
MI Nest Limited
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
950
1,019
Creditors: amounts falling due within one year
(31,835)
(12,950)
Net current assets
23,695
34,649
Total assets less current liabilities
23,695
34,649
Creditors: amounts falling due after more than one year
(23,518)
(34,299)
Called up share capital
1
1
Profit and loss account
176
349
Shareholders' funds
177
350
For the year ending 31 October 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 September 2024 and were signed on its behalf by
Muhammad Sadiq Malik
Director
Company Registration No. 10412780
MI Nest Limited
Notes to the Accounts
for the year ended 31 October 2023
MI Nest Limited is a private company, limited by shares, registered in England and Wales, registration number 10412780. The registered office is 29 CHESTNUT GROVE, MITCHAM, CR4 1RE, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% SL
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
4
Tangible fixed assets
Fixtures & fittings
MI Nest Limited
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
39,945
27,100
Accrued income and prepayments
8,000
-
Other debtors
6,635
19,480
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
12,141
9,462
Other creditors
19,378
7,776
Loans from directors
94
(4,888)
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Transactions with related parties
The company is controlled by Mr Muhammad Sadiq Malik, the company's Managing Director. It is confirmed that the director's current account is debited with personal transactions and credited with remuneration and dividends.
10
Average number of employees
During the year the average number of employees was 5 (2022: 4).