MIRAGOLD LTD

Company Registration Number:
12806247 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

MIRAGOLD LTD

Contents of the Financial Statements

for the Period Ended 31 August 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6

MIRAGOLD LTD

Company Information

for the Period Ended 31 August 2024




Director: Oluwafunmilola Adeyemi
Victor Adeyemi
Registered office: 8
Deer Park
Coventry
West-Midlands
GBR
CV5 8AN
Company Registration Number: 12806247 (England and Wales)

MIRAGOLD LTD

Balance sheet

As at 31 August 2024


Notes

2024
£

2023
£
Fixed assets
Total fixed assets: - -
Current assets
Debtors: 2,990 4,298
Cash at bank and in hand: 211 154
Total current assets: 3,201 4,452
Creditors: amounts falling due within one year: ( 85 ) ( 129 )
Net current assets (liabilities): 3,116 4,323
Total assets less current liabilities: 3,116 4,323
Total net assets (liabilities): 3,116 4,323

The notes form part of these financial statements

MIRAGOLD LTD

Balance sheet continued

As at 31 August 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 3,115 4,322
Shareholders funds: 3,116 4,323

For the year ending 31 August 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 May 2025
And Signed On Behalf Of The Board By:

Name: Oluwafunmilola Adeyemi
Status: Director

Name: Victor Adeyemi
Status: Director

The notes form part of these financial statements

MIRAGOLD LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 recognized 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.

    Rendering of services.

    Turnover from the rendering of services is recognized 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. Turnover is only recognized to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Other accounting policies

    Taxation Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognized on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognized for all taxable timing differences. Deferred tax assets are generally recognized for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realized, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognized in profit or loss, except when they related to items that are recognized in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognized in other comprehensive income or directly in equity respectively.

MIRAGOLD LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

MIRAGOLD LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 3. Off balance sheet disclosure

    No

MIRAGOLD LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

4.1. Loans to Directors

Name of director receiving advance or credit: Oluwafunmilola Adeyemi
Description of the transaction:
Advances made to a director.
Balance at 01 September 2023 4,298
Advances or credits made: 490
Advances or credits repaid: 1,798
Balance at 31 August 2024 2,990