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COMPANY REGISTRATION NUMBER: 06992506
Mire Services Limited
Filleted Unaudited Financial Statements
31 August 2024
Mire Services Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
99,587
103,884
Current assets
Stocks
35,000
40,000
Debtors
6
413,173
242,825
Cash at bank and in hand
6,600
62,673
---------
---------
454,773
345,498
Creditors: amounts falling due within one year
7
493,467
290,889
---------
---------
Net current (liabilities)/assets
( 38,694)
54,609
--------
---------
Total assets less current liabilities
60,893
158,493
Creditors: amounts falling due after more than one year
8
37,572
46,239
Provisions
Taxation including deferred tax
22,321
23,231
--------
---------
Net assets
1,000
89,023
--------
---------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
88,023
-------
--------
Shareholders funds
1,000
89,023
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Mire Services Limited
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 29 May 2025 , and are signed on behalf of the board by:
Mr T Lewis-Dalby
Director
Company registration number: 06992506
Mire Services Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Old Town House, 3 Portland Street, Workington, Cumbria, CA14 4BQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Computer equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 74 (2023: 69 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Computer equipment
Total
£
£
£
£
£
Cost
At 1 September 2023
59,922
27,597
131,987
22,315
241,821
Additions
7,331
44,962
358
52,651
Disposals
( 21,230)
( 7,469)
( 30,933)
( 5,762)
( 65,394)
--------
--------
---------
--------
---------
At 31 August 2024
46,023
20,128
146,016
16,911
229,078
--------
--------
---------
--------
---------
Depreciation
At 1 September 2023
34,402
14,714
74,507
14,314
137,937
Charge for the year
6,897
2,630
22,762
5,637
37,926
Disposals
( 15,966)
( 5,106)
( 19,538)
( 5,762)
( 46,372)
--------
--------
---------
--------
---------
At 31 August 2024
25,333
12,238
77,731
14,189
129,491
--------
--------
---------
--------
---------
Carrying amount
At 31 August 2024
20,690
7,890
68,285
2,722
99,587
--------
--------
---------
--------
---------
At 31 August 2023
25,520
12,883
57,480
8,001
103,884
--------
--------
---------
--------
---------
6. Debtors
2024
2023
£
£
Other debtors
413,173
242,825
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
20,000
20,000
Trade creditors
32,558
38,741
Corporation tax
161,131
55,648
Social security and other taxes
263,414
164,573
Other creditors
16,364
11,927
---------
---------
493,467
290,889
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
3,333
23,333
Other creditors
34,239
22,906
--------
--------
37,572
46,239
--------
--------
9. Director's advances, credits and guarantees
During the year the directors loan account was overdrawn and the maximum outstanding during the year was £413,173 (2023 - £242,825). On the balance sheet date the amount outstanding was £ 413,173 (2023 - £242,825). This amount has been repaid since the balance sheet date.
10. Related party transactions
The company was under the control of Mr T Lewis-Dalby throughout the current and previous year. Mr Lewis-Dalby is the sole director and majority shareholder, and together with his wife holds all of the issued share capital. During the year dividends of £ 366,557 (2023 - £240,000) were paid to Mr & Mrs Lewis-Dalby. On the balance sheet date Mr & Mrs Lewis-Dalby owed the company £ 413,173 (2023 - £242,825).