Company Registration No. 04473510 (England and Wales)
M I Products Limited
Unaudited accounts
for the year ended 31 December 2023
M I Products Limited
Unaudited accounts
Contents
M I Products Limited
Company Information
for the year ended 31 December 2023
Directors
M. Rowsell
I. Searle
Company Number
04473510 (England and Wales)
Registered Office
2c 4020 Siskin Parkway Est
Middlemarch Business Park
Coventry
Warwks
CV3 4SU
Accountants
Winkle and Co Accountants
61 Albert Street
Rugby
CV21 2SN
M I Products Limited
Statement of financial position
as at 31 December 2023
Tangible assets
10,254
11,665
Inventories
186,125
242,120
Cash at bank and in hand
8,636
14,517
Creditors: amounts falling due within one year
(117,689)
(199,922)
Net current assets
119,975
114,561
Net assets
130,229
126,226
Called up share capital
100
200
Profit and loss account
130,129
126,026
Shareholders' funds
130,229
126,226
For the year ending 31 December 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 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 of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by
M. Rowsell
Director
Company Registration No. 04473510
M I Products Limited
Notes to the Accounts
for the year ended 31 December 2023
M I Products Limited is a private company, limited by shares, registered in England and Wales, registration number 04473510. The registered office is 2c 4020 Siskin Parkway Est, Middlemarch Business Park, Coventry, Warwks, CV3 4SU.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following reducing balance rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Plant & machinery
At 31 December 2023
34,387
At 31 December 2023
24,133
At 31 December 2023
10,254
At 31 December 2022
11,665
M I Products Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
42,903
57,846
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
92,101
122,101
Trade creditors
7,840
26,498
Taxes and social security
11,026
22,253
Loans from directors
6,722
29,070
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
200
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).