MIR5 LTD

Company Registration Number:
SC554053 (Scotland)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

MIR5 LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

MIR5 LTD

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 105,125 102,446
Total fixed assets: 105,125 102,446
Current assets
Stocks: 106,188 112,239
Debtors:   40,145 41,117
Cash at bank and in hand: 85,164 121,236
Total current assets: 231,497 274,592
Creditors: amounts falling due within one year:   (74,063) (70,418)
Net current assets (liabilities): 157,434 204,174
Total assets less current liabilities: 262,559 306,620
Creditors: amounts falling due after more than one year:   (13,921) (24,639)
Provision for liabilities: (19,465) (19,465)
Total net assets (liabilities): 229,173 262,516
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 229,073 262,416
Shareholders funds: 229,173 262,516

The notes form part of these financial statements

MIR5 LTD

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 October 2024
and signed on behalf of the board by:

Name: Michal Grzesiuk
Status: Director

The notes form part of these financial statements

MIR5 LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

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 and 20% on cost

MIR5 LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 6 7

MIR5 LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 383,488
Additions 59,927
Disposals (217,136)
At 31 January 2024 226,279
Depreciation
At 01 February 2023 281,042
Charge for year 31,828
On disposals (191,716)
At 31 January 2024 121,154
Net book value
At 31 January 2024 105,125
At 31 January 2023 102,446