Registered number
13296313
MITOS Global Limited
Unaudited Filleted Accounts
31 March 2025
MITOS Global Limited
Registered number: 13296313
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 2,187 2,301
2,187 2,301
Current assets
Debtors 4 30,603 35,694
Cash at bank and in hand 23,295 59,922
53,898 95,616
Creditors: amounts falling due within one year 5 (23,514) (38,520)
Net current assets 30,384 57,096
Total assets less current liabilities 32,571 59,397
Provisions for liabilities (416) (576)
Net assets 32,155 58,821
Capital and reserves
Called up share capital 2 2
Profit and loss account 32,153 58,819
Shareholders' funds 32,155 58,821
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M E El-Khazen
Director
Approved by the board on 1 May 2025
MITOS Global Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 33% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 12 8
3 Tangible fixed assets
Plant and machinery etc Total
£ £
Cost
At 1 April 2024 5,028 5,028
Additions 1,679 1,679
At 31 March 2025 6,707 6,707
Depreciation
At 1 April 2024 2,727 2,727
Charge for the year 1,793 1,793
At 31 March 2025 4,520 4,520
Net book value
At 31 March 2025 2,187 2,187
At 31 March 2024 2,301 2,301
4 Debtors 2025 2024
£ £
Trade debtors 29,039 34,853
Other debtors 1,564 841
30,603 35,694
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 600 -
Taxation and social security costs 19,248 36,192
Other creditors 3,666 2,328
23,514 38,520
6 Other information
MITOS Global Limited is a private company limited by shares and incorporated in England. Its registered office is:
18 Queen Square
Bath
BA1 2HN
MITOS Global Limited 13296313 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts July 2024 M E El-Khazen No description of principal activity 13296313 2023-04-01 2024-03-31 13296313 core:WithinOneYear 2024-03-31 13296313 core:ShareCapital 2024-03-31 13296313 core:RetainedEarningsAccumulatedLosses 2024-03-31 13296313 2024-04-01 2025-03-31 13296313 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13296313 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 13296313 bus:Director40 2024-04-01 2025-03-31 13296313 1 2024-04-01 2025-03-31 13296313 2 2024-04-01 2025-03-31 13296313 core:PlantMachinery 2024-04-01 2025-03-31 13296313 countries:England 2024-04-01 2025-03-31 13296313 bus:FRS102 2024-04-01 2025-03-31 13296313 bus:FilletedAccounts 2024-04-01 2025-03-31 13296313 2025-03-31 13296313 core:WithinOneYear 2025-03-31 13296313 core:ShareCapital 2025-03-31 13296313 core:RetainedEarningsAccumulatedLosses 2025-03-31 13296313 core:PlantMachinery 2025-03-31 13296313 2024-03-31 13296313 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure