Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12039129 M Hafeji H Hafeji M Hafeji iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12039129 2023-06-30 12039129 2024-06-30 12039129 2023-07-01 2024-06-30 12039129 frs-core:CurrentFinancialInstruments 2024-06-30 12039129 frs-core:FurnitureFittings 2024-06-30 12039129 frs-core:FurnitureFittings 2023-07-01 2024-06-30 12039129 frs-core:FurnitureFittings 2023-06-30 12039129 frs-core:ShareCapital 2024-06-30 12039129 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12039129 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12039129 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12039129 frs-bus:SmallEntities 2023-07-01 2024-06-30 12039129 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12039129 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12039129 frs-bus:Director1 2023-07-01 2024-06-30 12039129 frs-bus:Director2 2023-07-01 2024-06-30 12039129 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 12039129 frs-countries:EnglandWales 2023-07-01 2024-06-30 12039129 2022-06-30 12039129 2023-06-30 12039129 2022-07-01 2023-06-30 12039129 frs-core:CurrentFinancialInstruments 2023-06-30 12039129 frs-core:ShareCapital 2023-06-30 12039129 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12039129
Mih Ventures Limited
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 12039129
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 600
- 600
CURRENT ASSETS
Stocks 5 - 9,840
Cash at bank and in hand 4,001 3,977
4,001 13,817
Creditors: Amounts Falling Due Within One Year 6 (11,808 ) (10,858 )
NET CURRENT ASSETS (LIABILITIES) (7,807 ) 2,959
TOTAL ASSETS LESS CURRENT LIABILITIES (7,807 ) 3,559
NET (LIABILITIES)/ASSETS (7,807 ) 3,559
CAPITAL AND RESERVES
Called up share capital 7 1 1
Income Statement (7,808 ) 3,558
SHAREHOLDERS' FUNDS (7,807) 3,559
Page 1
Page 2
For the year ending 30 June 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
H Hafeji
Director
18th March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mih Ventures Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12039129 . The registered office is 134 Deepdale Road, Preston, PR1 6PY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 July 2023 1,500
Disposals (1,500 )
As at 30 June 2024 -
Depreciation
As at 1 July 2023 900
Disposals (900 )
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 600
Page 3
Page 4
5. Stocks
2024 2023
£ £
Stock - 9,840
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 539
Bank loans and overdrafts - 133
Other creditors 10,848 9,136
Accruals and deferred income 960 1,050
11,808 10,858
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Included within creditors is a loan from the director of £1,848 (2023: £136)
The above loan is unsecured, interest free and repayable on demand.
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