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REGISTERED NUMBER: 03937478 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

MIRROR IMAGE (NORWICH) LTD.

MIRROR IMAGE (NORWICH) LTD. (REGISTERED NUMBER: 03937478)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIRROR IMAGE (NORWICH) LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: R J Wilmot
M G Wilmot
G E Wilmot





SECRETARY: R J Wilmot





REGISTERED OFFICE: 15-16 Barrow Close
Sweet Briar Road Industrial Estate
Norwich
Norfolk
NR3 2AT





REGISTERED NUMBER: 03937478 (England and Wales)





ACCOUNTANTS: NMP Accounting
Chartered Certified Accountant
Mill House
1 Mill Lane
Horsford
Norfolk
NR10 3ES

MIRROR IMAGE (NORWICH) LTD. (REGISTERED NUMBER: 03937478)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 334,276 269,924

CURRENT ASSETS
Stocks 135,500 72,500
Debtors 5 301,495 318,750
Cash at bank 187,976 292,294
624,971 683,544
CREDITORS
Amounts falling due within one year 6 211,013 196,277
NET CURRENT ASSETS 413,958 487,267
TOTAL ASSETS LESS CURRENT
LIABILITIES

748,234

757,191

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve 25 25
Retained earnings 747,209 756,166
748,234 757,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MIRROR IMAGE (NORWICH) LTD. (REGISTERED NUMBER: 03937478)

BALANCE SHEET - continued
31 MARCH 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:




M G Wilmot - Director



R J Wilmot - Director


MIRROR IMAGE (NORWICH) LTD. (REGISTERED NUMBER: 03937478)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Mirror Image (Norwich) Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MIRROR IMAGE (NORWICH) LTD. (REGISTERED NUMBER: 03937478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 150,099 381,997 532,096
Additions 7,190 83,000 90,190
Disposals - (113,425 ) (113,425 )
At 31 March 2025 157,289 351,572 508,861
DEPRECIATION
At 1 April 2024 1,445 260,727 262,172
Charge for year - 25,838 25,838
Eliminated on disposal - (113,425 ) (113,425 )
At 31 March 2025 1,445 173,140 174,585
NET BOOK VALUE
At 31 March 2025 155,844 178,432 334,276
At 31 March 2024 148,654 121,270 269,924

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 121,928 143,479
Other debtors 179,567 175,271
301,495 318,750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 54,609 30,366
Taxation and social security 34,263 38,429
Other creditors 122,141 127,482
211,013 196,277