Registered number
10487467
Miha Bodytec Ems UK Ltd
Filleted Accounts
31 December 2023
Miha Bodytec Ems UK Ltd
Registered number: 10487467
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
As restated
Fixed assets
Intangible assets 5 1,167 1,556
Tangible assets 6 38,809 51,650
39,976 53,206
Current assets
Stocks 86,612 54,603
Debtors 7 122,907 156,423
Cash at bank and in hand 26,284 39,393
235,803 250,419
Creditors: amounts falling due within one year 8 (88,434) (128,997)
Net current assets 147,369 121,422
Total assets less current liabilities 187,345 174,628
Creditors: amounts falling due after more than one year 9 (2,760,205) (2,458,044)
Net liabilities (2,572,860) (2,283,416)
Capital and reserves
Called up share capital 250,000 250,000
Profit and loss account (2,822,860) (2,533,416)
Shareholder's funds (2,572,860) (2,283,416)
The accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with those provisions the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approvde by the Board of Directors and authorised for issue on 5 August 2025 and were signed on its behalf by:
T Reil
Director
Approved by the board on 5 August 2025
Miha Bodytec Ems UK Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Statutory information
Miha Bodytec EMS UK 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.
The presentation currency of the financial statements is the Pound Sterling (£).
2 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Turnover
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery at a rate of 25% reducing balance
Motor vehicles at a rate of 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
3 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
4 Prior year adjustment
In December 2021 the company entered into a lease agreement that contained reduced rent
for the first year. The reduced rent has not been spread across the lifetime of the lease and therefore the rent charge booked to the profit and loss account for the year ended 31 December 2022 was understated.

The following adjustments have been made to restate the 2022 results:
Dr Profit and loss account – Administrative expenses: £28,030
Cr Balance sheet – Accruals: £28,030

A sum of £20,000 held in a security deposit has been reclassified from cash at bank to debtors as the company has restricted access to these funds.

The following adjustments have been made to restate the 2022 results:
Dr Balance sheet - Other debtors: £20,000
Cr Balance sheet - Cash at bank and in hand: £20,000
5 Intangible fixed assets £
Cost
At 1 January 2023 1,945
At 31 December 2023 1,945
Amortisation
At 1 January 2023 389
Provided during the year 389
At 31 December 2023 778
Net book value
At 31 December 2023 1,167
At 31 December 2022 1,556
Intangible assets are being written off in equal annual instalments over their estimated economic life of 5 years.
6 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 60,122 57,301 117,423
Disposals (489) - (489)
At 31 December 2023 59,633 57,301 116,934
Depreciation
At 1 January 2023 32,646 33,127 65,773
Charge for the year 6,710 6,044 12,754
On disposals (402) - (402)
At 31 December 2023 38,954 39,171 78,125
Net book value
At 31 December 2023 20,679 18,130 38,809
At 31 December 2022 27,476 24,174 51,650
7 Debtors 2023 2022
£ £
Debtors: amounts falling due within one year As restated
Trade debtors 1,024 28,803
Prepayments 40,553 41,467
Other debtors 20,000 24,823
61,577 95,093
Debtors: amounts falling due after one year
Other debtors 61,330 61,330
Total 122,907 156,423
8 Creditors: amounts falling due within one year 2023 2022
£ £
As restated
Deferred income - 37,080
Trade creditors 11,763 5,484
Due to group undertakings - 27,693
Other taxes and social security 12,835 23,115
Accruals 24,921 31,977
Other creditors 38,915 3,648
88,434 128,997
Credit card liabilities included in other creditors are secured by way of a fixed charge over a security deposit included in debtors.
9 Creditors: amounts falling due after one year 2023 2022
£ £
As restated
Amounts owed to group undertakings and undertakings in which the company has a participating interest 2,760,205 2,458,044
10 Leasing agreements
Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
As restated
Within one year 67,645 70,950
Between one and five years - 67,645
67,645 138,595
11 Parent and ultimate parent company
The parent company is Miha Bodytec GmbH incorporated in Germany. The ultimate parent company is Miehlich Vermögensverwaltung GmbH incorporated in Germany.
12 Disclosure under Section 444(5B) of the Companies Act 2006
The auditor’s report on the accounts of Miha Bodytec EMS UK Ltd for the year ended 31
December 2023 was qualified.

The basis of qualification in the auditor’s report was as follows:

We were not appointed as auditors of the company until after 31 December 2023 and thus did not observe the counting of physical inventories at the end of that year or at the end of the previous year. We were unable to satisfy ourselves by alternative means concerning quantities, condition and value of inventory held at 31 December 2023 or at 31 December 2022, which are included in the balance sheet at £86,612 and £54,603 respectively, by using other audit procedures. Consequently, we were unable to determine whether any adjustments to these amounts were necessary.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs(UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

The matters required to report by exception are stated below:

Except for the matters described in the basis for qualified opinion section of our report, in the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.

Arising solely from the limitation on the scope of our work relating to inventory, referred to above:

- we have not obtained all the information and explanations that we considered
necessary for the purpose of our audit; and
- we were unable to determine whether adequate accounting records have been kept.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- returns adequate for our audit have not been received from branches not
visited by us; or
- the financial statements are not in agreement with the accounting records and returns;
or
- certain disclosures of directors' remuneration specified by law are not made. 

The auditor’s report was signed by Caroline Peverett BA FCA (Senior Statutory Auditor) for and on behalf of Tuerner Audit Limited.
Date of auditor's report 05/08/2025
Name of auditor Caroline Peverett BA FCA (Senior Statutory Auditor)
Name of audit firm Tuerner Audit Limited
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