Company Registration No. 12172643 (England and Wales)
Mi Ears Ltd
Unaudited accounts
for the year ended 31 August 2024
Mi Ears Ltd
Unaudited accounts
Contents
Mi Ears Ltd
Company Information
for the year ended 31 August 2024
Company Number
12172643 (England and Wales)
Registered Office
Iona
Wootton Road
Tiptoe
Lymington
Hampshire
SO41 6FU
England
Accountants
Easy Accountants
New Forest Enterprise Centre
Rushington Business Park
Totton
Hampshire
SO40 9LA
Mi Ears Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
9,095
9,746
Cash at bank and in hand
98,503
74,841
Creditors: amounts falling due within one year
(30,825)
(26,696)
Net current assets
67,678
48,145
Total assets less current liabilities
76,773
57,891
Creditors: amounts falling due after more than one year
(4,182)
(6,241)
Called up share capital
20
20
Profit and loss account
72,571
51,630
Shareholders' funds
72,591
51,650
For the year ending 31 August 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 his 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 6 March 2025 and were signed on its behalf by
Michael Guy
Director
Company Registration No. 12172643
Mi Ears Ltd
Notes to the Accounts
for the year ended 31 August 2024
Mi Ears Ltd is a private company, limited by shares, registered in England and Wales, registration number 12172643. The registered office is Iona, Wootton Road, Tiptoe, Lymington, Hampshire, SO41 6FU, 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 year, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
18,207
5,611
23,818
At 31 August 2024
18,713
7,485
26,198
At 1 September 2023
11,607
2,465
14,072
Charge for the year
1,776
1,255
3,031
At 31 August 2024
13,383
3,720
17,103
At 31 August 2024
5,330
3,765
9,095
At 31 August 2023
6,600
3,146
9,746
Mi Ears Ltd
Notes to the Accounts
for the year ended 31 August 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
20,572
9,484
Loans from directors
6,269
13,848
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).