Company Registration No. 14666743 (England and Wales)
MINAPHIL LTD
Unaudited accounts
for the period from 16 February 2023 to 29 February 2024
MINAPHIL LTD
Company Information
for the period from 16 February 2023 to 29 February 2024
Director
Philomina Kusi-Boateng
Company Number
14666743 (England and Wales)
Registered Office
102 THORNTON ROAD
CROYDON
LONDON
CR7 6BB
ENGLAND
Accountants
D K OBENG GROUP
120 DALMALLY ROAD
CROYDON
SURREY
CR0 6LT
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of MINAPHIL LTD for the period from 16 February 2023 to 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
MINAPHIL LTD for the period from
16 February 2023 to
29 February 2024 as set out on pages
5 -
6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of MINAPHIL LTD, as a body, in accordance with the terms of our engagement letter dated 31 March 2023. Our work has been undertaken solely to prepare for your approval the accounts of MINAPHIL LTD and state those matters that we have agreed to state to the Board of Directors of MINAPHIL LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MINAPHIL LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MINAPHIL LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of MINAPHIL LTD. You consider that MINAPHIL LTD is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of MINAPHIL LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
D K OBENG GROUP
Chartered Accountants
120 DALMALLY ROAD
CROYDON
SURREY
CR0 6LT
13 November 2024
MINAPHIL LTD
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
899
Creditors: amounts falling due within one year
(1,509)
Net current liabilities
(610)
Profit and loss account
(611)
For the period ending 29 February 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 her 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 13 November 2024 and were signed on its behalf by
Philomina Kusi-Boateng
Director
Company Registration No. 14666743
MINAPHIL LTD
Notes to the Accounts
for the period from 16 February 2023 to 29 February 2024
MINAPHIL LTD is a private company, limited by shares, registered in England and Wales, registration number 14666743. The registered office is 102 THORNTON ROAD, CROYDON, LONDON, CR7 6BB, 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 period, 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.
The Financial Statements have been prepared on a going concern basis, despite the company's balance sheet showing net liabilities of £610. This does not indicate that the company may be unable to continue trading. Based on the current forecasts the directors have indicated that they have the resources to make funds available to the company to enable it to meet its debts as and when they fall due for a period of at least twelve months from the date of approval of these financial statements and they are of the opinion that the going concern basis is appropriate.
4
Creditors: amounts falling due within one year
2024
Loans from directors
1,509
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
6
Average number of employees
During the period the average number of employees was 1.