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REGISTERED NUMBER: 06055577 (England and Wales)










Unaudited Financial Statements

for the Year Ended 29 February 2024

for

MirvSys Limited

MirvSys Limited (Registered number: 06055577)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MirvSys Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: MS Irving
Mrs JA Irving





SECRETARY: MS Irving





REGISTERED OFFICE: 37-38 Market Street
Ferryhill
Co. Durham
DL17 8JH





REGISTERED NUMBER: 06055577 (England and Wales)





ACCOUNTANTS: Little & Neal
37-38 Market Street
Ferryhill
Co. Durham
DL17 8JH

MirvSys Limited (Registered number: 06055577)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,382 88,551

CURRENT ASSETS
Debtors 5 17,744 7,650
Cash at bank 57,029 78,460
74,773 86,110
CREDITORS
Amounts falling due within one year 6 74,974 56,706
NET CURRENT (LIABILITIES)/ASSETS (201 ) 29,404
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,181

117,955

CREDITORS
Amounts falling due after more than one
year

7

62,834

80,576
NET ASSETS 347 37,379

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 245 37,277
SHAREHOLDERS' FUNDS 347 37,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MirvSys Limited (Registered number: 06055577)

Balance Sheet - continued
29 February 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





MS Irving - Director


MirvSys Limited (Registered number: 06055577)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

MirvSys 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 107,084
DEPRECIATION
At 1 March 2023 18,533
Charge for year 25,169
At 29 February 2024 43,702
NET BOOK VALUE
At 29 February 2024 63,382
At 28 February 2023 88,551

MirvSys Limited (Registered number: 06055577)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 92,839
DEPRECIATION
At 1 March 2023 9,671
Charge for year 23,210
At 29 February 2024 32,881
NET BOOK VALUE
At 29 February 2024 59,958
At 28 February 2023 83,168

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 7,770 5,550
Other debtors 9,974 2,100
17,744 7,650

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 17,743 15,312
Trade creditors 2,284 2,720
Taxation and social security 49,578 34,968
Other creditors 5,369 3,706
74,974 56,706

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 62,834 80,576