IRIS Accounts Production v24.2.0.383 08448223 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084482232023-03-31084482232024-03-31084482232023-04-012024-03-31084482232022-03-31084482232022-04-012023-03-31084482232023-03-3108448223ns15:EnglandWales2023-04-012024-03-3108448223ns14:PoundSterling2023-04-012024-03-3108448223ns10:Director12023-04-012024-03-3108448223ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108448223ns10:SmallEntities2023-04-012024-03-3108448223ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108448223ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108448223ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108448223ns10:FullAccounts2023-04-012024-03-3108448223ns10:RegisteredOffice2023-04-012024-03-3108448223ns5:CurrentFinancialInstruments2024-03-3108448223ns5:CurrentFinancialInstruments2023-03-3108448223ns5:Non-currentFinancialInstruments2024-03-3108448223ns5:Non-currentFinancialInstruments2023-03-3108448223ns5:ShareCapital2024-03-3108448223ns5:ShareCapital2023-03-3108448223ns5:RetainedEarningsAccumulatedLosses2024-03-3108448223ns5:RetainedEarningsAccumulatedLosses2023-03-3108448223ns5:PlantMachinery2023-04-012024-03-3108448223ns5:PlantMachinery2023-03-3108448223ns5:PlantMachinery2024-03-3108448223ns5:PlantMachinery2023-03-3108448223ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108448223ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 08448223 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Miskos Ltd

Miskos Ltd (Registered number: 08448223)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Miskos Ltd

Company Information
for the year ended 31 March 2024







DIRECTOR: M J Dempsey





REGISTERED OFFICE: 42a Ailsa Road
Westcliff on Sea
Essex
SS0 8BL





REGISTERED NUMBER: 08448223 (England and Wales)





ACCOUNTANTS: S C Devlin Accountancy Ltd
Chartered Certified Accountants
3 Marlborough Close
Benfleet
Essex
SS7 4JA

Miskos Ltd (Registered number: 08448223)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 162,000 123,946

CURRENT ASSETS
Stocks 311,000 309,597
Debtors 5 44,613 46,839
Cash at bank and in hand 427 4,025
356,040 360,461
CREDITORS
Amounts falling due within one year 6 269,291 271,397
NET CURRENT ASSETS 86,749 89,064
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,749

213,010

CREDITORS
Amounts falling due after more than one
year

7

166,246

152,875
NET ASSETS 82,503 60,135

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 82,403 60,035
SHAREHOLDERS' FUNDS 82,503 60,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Miskos Ltd (Registered number: 08448223)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 October 2024 and were signed by:





M J Dempsey - Director


Miskos Ltd (Registered number: 08448223)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Miskos Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised at the fair value of consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion, when the stage of completion, costs incurred and costs to complete can be estimated reliably.
The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Miskos Ltd (Registered number: 08448223)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 171,818
Additions 48,325
At 31 March 2024 220,143
DEPRECIATION
At 1 April 2023 47,872
Charge for year 10,271
At 31 March 2024 58,143
NET BOOK VALUE
At 31 March 2024 162,000
At 31 March 2023 123,946

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,397 32,968
Other debtors 6,216 13,871
44,613 46,839

Miskos Ltd (Registered number: 08448223)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 62,488 61,635
Hire purchase contracts 10,000 10,000
Trade creditors 36,921 41,531
Taxation and social security 151,089 147,955
Other creditors 8,793 10,276
269,291 271,397

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 117,079 110,708
Hire purchase contracts 4,167 14,167
Other creditors 45,000 28,000
166,246 152,875