Company Registration No. 11012637 (England and Wales)
Mibex Ltd
Unaudited accounts
for the year ended 31 January 2024
Mibex Ltd
Unaudited accounts
Contents
Mibex Ltd
Company Information
for the year ended 31 January 2024
Directors
Rebecca Buchan
Michael Buchan
Company Number
11012637 (England and Wales)
Registered Office
1 Chishillways
Barrasford
Hexham
Northumberland
NE48 4AE
England
Mibex Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
373,924
117,000
Cash at bank and in hand
151,337
84,029
Creditors: amounts falling due within one year
(146,447)
(23,753)
Net current assets
4,891
63,919
Total assets less current liabilities
378,815
180,919
Creditors: amounts falling due after more than one year
(13,094)
-
Net assets
365,721
180,919
Profit and loss account
365,721
180,919
Shareholders' funds
365,721
180,919
For the year ending 31 January 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 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 31 October 2024 and were signed on its behalf by
Rebecca Buchan
Director
Company Registration No. 11012637
Mibex Ltd
Notes to the Accounts
for the year ended 31 January 2024
Mibex Ltd is a private company, limited by shares, registered in England and Wales, registration number 11012637. The registered office is 1 Chishillways, Barrasford, Hexham, Northumberland, NE48 4AE, England.
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.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2023
-
150,000
9,770
-
159,770
Additions
290,000
-
10,400
364
300,764
At 31 January 2024
290,000
150,000
20,170
364
460,534
At 1 February 2023
-
37,500
5,270
-
42,770
Charge for the year
-
37,500
6,304
36
43,840
At 31 January 2024
-
75,000
11,574
36
86,610
At 31 January 2024
290,000
75,000
8,596
328
373,924
At 31 January 2023
-
112,500
4,500
-
117,000
Mibex Ltd
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
94,400
22,659
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
13,094
-
8
Average number of employees
During the year the average number of employees was 8 (2023: 14).