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REGISTERED NUMBER: 08764256 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 January 2024

for

MI SERVICES BRISTOL LIMITED

MI SERVICES BRISTOL LIMITED (REGISTERED NUMBER: 08764256)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MI SERVICES BRISTOL LIMITED

Company Information
for the year ended 31 January 2024







DIRECTOR: M Iktilat





REGISTERED OFFICE: Suite 5, First Floor
The Counting House
Bonds Mill Estate
Stonehouse
Gloucestershire
GL10 3RF





REGISTERED NUMBER: 08764256 (England and Wales)





ACCOUNTANTS: MGB Accountants (Stonehouse) Limited
Suite 5, First Floor
The Counting House
Bonds Mill Estate
Stonehouse
Gloucestershire
GL10 3RF

MI SERVICES BRISTOL LIMITED (REGISTERED NUMBER: 08764256)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 833
Tangible assets 5 3,656 4,875
3,656 5,708

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 70,795 85,415
Cash at bank 23,724 99,886
95,519 186,301
CREDITORS
Amounts falling due within one year 7 79,190 86,261
NET CURRENT ASSETS 16,329 100,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,985

105,748

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 19,983 105,746
19,985 105,748

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2024 and were signed by:





M Iktilat - Director


MI SERVICES BRISTOL LIMITED (REGISTERED NUMBER: 08764256)

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

1. STATUTORY INFORMATION

MI Services Bristol Limited 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% 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 Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

MI SERVICES BRISTOL LIMITED (REGISTERED NUMBER: 08764256)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 10,000
AMORTISATION
At 1 February 2023 9,167
Charge for year 833
At 31 January 2024 10,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 833

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 8,424
DEPRECIATION
At 1 February 2023 3,549
Charge for year 1,219
At 31 January 2024 4,768
NET BOOK VALUE
At 31 January 2024 3,656
At 31 January 2023 4,875

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 53,875 45,137
Other debtors 16,920 40,278
70,795 85,415

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,155 9,360
Taxation and social security 59,062 73,651
Other creditors 1,973 3,250
79,190 86,261