IRIS Accounts Production v24.3.2.46 01337532 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh013375322023-09-30013375322024-09-30013375322023-10-012024-09-30013375322022-09-30013375322022-10-012023-09-30013375322023-09-3001337532ns14:PoundSterling2023-10-012024-09-3001337532ns10:Director12023-10-012024-09-3001337532ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3001337532ns10:SmallEntities2023-10-012024-09-3001337532ns10:AuditExemptWithAccountantsReport2023-10-012024-09-3001337532ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3001337532ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3001337532ns10:FullAccounts2023-10-012024-09-3001337532ns10:Director22023-10-012024-09-3001337532ns10:RegisteredOffice2023-10-012024-09-3001337532ns5:CurrentFinancialInstruments2024-09-3001337532ns5:CurrentFinancialInstruments2023-09-3001337532ns5:Non-currentFinancialInstruments2024-09-3001337532ns5:Non-currentFinancialInstruments2023-09-3001337532ns5:ShareCapital2024-09-3001337532ns5:ShareCapital2023-09-3001337532ns5:RetainedEarningsAccumulatedLosses2024-09-3001337532ns5:RetainedEarningsAccumulatedLosses2023-09-3001337532ns5:FurnitureFittings2023-10-012024-09-3001337532ns5:FurnitureFittings2023-09-3001337532ns5:FurnitureFittings2024-09-3001337532ns5:FurnitureFittings2023-09-3001337532ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3001337532ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3001337532ns5:WithinOneYear2024-09-3001337532ns5:WithinOneYear2023-09-30
REGISTERED NUMBER: 01337532






















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Mima Group Limited

Mima Group Limited (Registered number: 01337532)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Mima Group Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: M Freer
D P Watts





REGISTERED OFFICE: Second Home
Spitalfields
68-80 Hanbury Street
London
E1 5JL





REGISTERED NUMBER: 01337532





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Mima Group Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mima Group Limited for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Mima Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mima Group Limited and state those matters that we have agreed to state to the Board of Directors of Mima Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mima Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mima Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mima Group Limited. You consider that Mima Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mima Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


17 January 2025

Mima Group Limited (Registered number: 01337532)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,382 39,339

CURRENT ASSETS
Debtors 5 1,214,429 1,393,557
Cash at bank 299,443 789,740
1,513,872 2,183,297
CREDITORS
Amounts falling due within one year 6 250,326 422,519
NET CURRENT ASSETS 1,263,546 1,760,778
TOTAL ASSETS LESS CURRENT LIABILITIES 1,296,928 1,800,117

CREDITORS
Amounts falling due after more than one year 7 (29,333 ) (73,333 )

PROVISIONS FOR LIABILITIES (14,667 ) (41,039 )
NET ASSETS 1,252,928 1,685,745

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 1,232,928 1,665,745
1,252,928 1,685,745

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

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 17 January 2025 and were signed on its behalf by:





D P Watts - Director


Mima Group Limited (Registered number: 01337532)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Mima Group Limited is a private company, limited by shares , registered in Not specified/Other. 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT. The fair value consideration takes into account trade discounts, settlement discount's and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Turnover represents net invoiced sales of services, together with unbilled and collectable work in progress, excluding value added tax. Revenue is recognised according to the stage of completion of each project.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Mima Group Limited (Registered number: 01337532)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

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 36 (2023 - 33 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2023 69,914
Additions 4,876
At 30 September 2024 74,790
DEPRECIATION
At 1 October 2023 30,575
Charge for year 10,833
At 30 September 2024 41,408
NET BOOK VALUE
At 30 September 2024 33,382
At 30 September 2023 39,339

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 389,635 663,321
Amounts owed by group undertakings 514,179 514,179
Other debtors 310,615 216,057
1,214,429 1,393,557

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 44,000 44,000
Trade creditors 61,078 43,258
Taxation and social security 107,078 206,281
Other creditors 38,170 128,980
250,326 422,519

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 29,333 73,333

Mima Group Limited (Registered number: 01337532)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 23,940

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 73,333 73,333