Company Registration No. 10075995 (England and Wales)
ION MITU LTD
Unaudited accounts
for the year ended 20 March 2024
ION MITU LTD
Unaudited accounts
Contents
ION MITU LTD
Company Information
for the year ended 20 March 2024
Company Number
10075995 (England and Wales)
Registered Office
89 WILLOW BROOK ROAD
CORBY
NN17 2EG
UK
Accountants
MARIA MARLENA BUTNARU - MAAT
22 LISTER CLOSE
CORBY
NN17 1XR
ION MITU LTD
Statement of financial position
as at 20 March 2024
Cash at bank and in hand
2,771
6,647
Creditors: amounts falling due within one year
(1,793)
(5,441)
Net current assets
1,327
1,467
Total assets less current liabilities
2,465
2,257
Creditors: amounts falling due after more than one year
(1,749)
-
Called up share capital
1
1
Profit and loss account
715
2,256
Shareholders' funds
716
2,257
For the year ending 20 March 2024 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 4 October 2024 and were signed on its behalf by
ION ADRIAN MITU
Director
Company Registration No. 10075995
ION MITU LTD
Notes to the Accounts
for the year ended 20 March 2024
ION MITU LTD is a private company, limited by shares, registered in England and Wales, registration number 10075995. The registered office is 89 WILLOW BROOK ROAD, CORBY, NN17 2EG, UK.
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 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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
18% Writing down allowance
Computer equipment
18% Writing down allowance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 21 March 2023
669
1,695
2,364
At 20 March 2024
669
2,294
2,963
At 21 March 2023
210
1,364
1,574
Charge for the year
83
168
251
At 20 March 2024
293
1,532
1,825
At 20 March 2024
376
762
1,138
At 20 March 2023
459
331
790
ION MITU LTD
Notes to the Accounts
for the year ended 20 March 2024
Amounts falling due within one year
Accrued income and prepayments
349
261
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
40
Taxes and social security
520
2,152
Other creditors
1,040
2,072
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
1,749
-
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).