IRIS Accounts Production v25.1.4.42 01560941 director 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015609412023-12-31015609412024-12-31015609412024-01-012024-12-31015609412022-12-31015609412023-01-012023-12-31015609412023-12-3101560941ns15:EnglandWales2024-01-012024-12-3101560941ns14:PoundSterling2024-01-012024-12-3101560941ns10:Director12024-01-012024-12-3101560941ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3101560941ns10:SmallEntities2024-01-012024-12-3101560941ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3101560941ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3101560941ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3101560941ns10:FullAccounts2024-01-012024-12-3101560941ns10:OrdinaryShareClass12024-01-012024-12-3101560941ns10:CompanySecretary12024-01-012024-12-3101560941ns10:RegisteredOffice2024-01-012024-12-3101560941ns5:CurrentFinancialInstruments2024-12-3101560941ns5:CurrentFinancialInstruments2023-12-3101560941ns5:Non-currentFinancialInstruments2024-12-3101560941ns5:Non-currentFinancialInstruments2023-12-3101560941ns5:ShareCapital2024-12-3101560941ns5:ShareCapital2023-12-3101560941ns5:RetainedEarningsAccumulatedLosses2024-12-3101560941ns5:RetainedEarningsAccumulatedLosses2023-12-3101560941ns5:LeaseholdImprovements2024-01-012024-12-3101560941ns5:PlantMachinery2024-01-012024-12-3101560941ns5:LeaseholdImprovements2023-12-3101560941ns5:PlantMachinery2023-12-3101560941ns5:LeaseholdImprovements2024-12-3101560941ns5:PlantMachinery2024-12-3101560941ns5:LeaseholdImprovements2023-12-3101560941ns5:PlantMachinery2023-12-3101560941ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3101560941ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3101560941ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-12-3101560941ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3101560941ns10:OrdinaryShareClass12024-12-3101560941ns5:RetainedEarningsAccumulatedLosses2023-12-3101560941ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-31015609411ns10:Director12023-12-31015609411ns10:Director12022-12-31015609411ns10:Director12024-01-012024-12-31015609411ns10:Director12023-01-012023-12-31015609411ns10:Director12024-12-31015609411ns10:Director12023-12-31
REGISTERED NUMBER: 01560941 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2024

for

MIH Limited

MIH Limited (Registered number: 01560941)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIH Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: G A Pearce Esq





SECRETARY: Mrs N Masters





REGISTERED OFFICE: Chimneys
Boughton Hall Avenue
Send
Woking
Surrey
GU23 7DD





REGISTERED NUMBER: 01560941 (England and Wales)





ACCOUNTANTS: Coussens, Chartered Accountants
Chimneys
Boughton Hall Avenue
Send
Woking
Surrey
GU23 7DD

MIH Limited (Registered number: 01560941)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,090 148

CURRENT ASSETS
Stocks 4,539 10,062
Debtors 5 79,110 81,836
Cash at bank 3,923 7,470
87,572 99,368
CREDITORS
Amounts falling due within one year 6 (50,317 ) (52,183 )
NET CURRENT ASSETS 37,255 47,185
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,345

47,333

CREDITORS
Amounts falling due after more than one year 7 (15,000 ) (25,000 )
NET ASSETS 29,345 22,333

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 29,245 22,233
SHAREHOLDERS' FUNDS 29,345 22,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MIH Limited (Registered number: 01560941)

Balance Sheet - continued
31 December 2024


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 director and authorised for issue on 28 July 2025 and were signed by:





G A Pearce Esq - Director


MIH Limited (Registered number: 01560941)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

MIH Limited 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.
Improvements to property - 10% on cost
Plant and machinery - at varying rates on cost

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.

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 2 (2023 - 2 ) .

MIH Limited (Registered number: 01560941)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2024 8,919 17,297 26,216
Additions 7,754 - 7,754
At 31 December 2024 16,673 17,297 33,970
DEPRECIATION
At 1 January 2024 8,919 17,149 26,068
Charge for year 775 37 812
At 31 December 2024 9,694 17,186 26,880
NET BOOK VALUE
At 31 December 2024 6,979 111 7,090
At 31 December 2023 - 148 148

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 44,595 38,711
Directors' current accounts 23,802 32,412
Tax 10,713 10,713
79,110 81,836

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 12,508 5,397
Trade creditors 19,396 28,753
Tax 4,340 8,784
Social security and other taxes 2,477 1,154
VAT 5,616 3,095
Accrued expenses 5,980 5,000
50,317 52,183

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Other loans - 1-2 years 15,000 25,000

MIH Limited (Registered number: 01560941)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 January 2024 22,233
Profit for the year 17,012
Dividends (10,000 )
At 31 December 2024 29,245

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
G A Pearce Esq
Balance outstanding at start of year 32,412 59,628
Amounts advanced 19,215 21,483
Amounts repaid (27,825 ) (48,699 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,802 32,412