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REGISTERED NUMBER: 01215291 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

MIAIM Limited

MIAIM Limited (Registered number: 01215291)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MIAIM Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: P J Lamb





SECRETARY: Mrs A M Lamb





REGISTERED OFFICE: 4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX





REGISTERED NUMBER: 01215291 (England and Wales)





ACCOUNTANTS: Bristow Burrell
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

MIAIM Limited (Registered number: 01215291)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,559 8,167

CURRENT ASSETS
Debtors 5 3,896 2,650
Cash at bank and in hand 29,149 47,936
33,045 50,586
CREDITORS
Amounts falling due within one
year

6

27,229

39,955
NET CURRENT ASSETS 5,816 10,631
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,375

18,798

PROVISIONS FOR LIABILITIES 6,376 1,552
NET ASSETS 32,999 17,246

CAPITAL AND RESERVES
Called up share capital 7 1,806 1,806
Retained earnings 31,193 15,440
SHAREHOLDERS' FUNDS 32,999 17,246

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2024 and were signed by:





P J Lamb - Director


MIAIM Limited (Registered number: 01215291)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

MIAIM 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 2 (2023 - 2 ) .

MIAIM Limited (Registered number: 01215291)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 9,340 19,800 3,832 32,972
Additions - 37,945 - 37,945
Disposals - (19,800 ) - (19,800 )
At 31 March 2024 9,340 37,945 3,832 51,117
DEPRECIATION
At 1 April 2023 9,314 12,491 3,000 24,805
Charge for year 7 6,570 494 7,071
Eliminated on disposal - (14,318 ) - (14,318 )
At 31 March 2024 9,321 4,743 3,494 17,558
NET BOOK VALUE
At 31 March 2024 19 33,202 338 33,559
At 31 March 2023 26 7,309 832 8,167

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,896 2,650

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 2,867 5,047
Taxation and social security 7,487 10,368
Other creditors 16,875 24,540
27,229 39,955

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,506 Ordinary 'A' 1 1,506 1,506
300 Ordinary 'B' 1 300 300
1,806 1,806

8. ULTIMATE CONTROLLING PARTY

Mr & Mrs P Lamb are the ultimate controlling party by virtue of their 100% interest in the ordinary share capital of the company.