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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
Page
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M I Products Limited Company Information for the year ended 31 December 2023
Directors
M. Rowsell I. Searle
Secretary
M. Rowsell
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
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M I Products Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,254 
11,665 
Current assets
Inventories
186,125 
242,120 
Debtors
42,903 
57,846 
Cash at bank and in hand
8,636 
14,517 
237,664 
314,483 
Creditors: amounts falling due within one year
(117,689)
(199,922)
Net current assets
119,975 
114,561 
Net assets
130,229 
126,226 
Capital and reserves
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
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M I Products Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Plant & machinery
15%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
33,988 
Additions
399 
At 31 December 2023
34,387 
Depreciation
At 1 January 2023
22,323 
Charge for the year
1,810 
At 31 December 2023
24,133 
Net book value
At 31 December 2023
10,254 
At 31 December 2022
11,665 
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M I Products Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
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 
117,689 
199,922 
7
Share capital
2023 
2022 
£ 
£ 
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).
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