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REGISTERED NUMBER: 09940344 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st January 2025

for

MIMO CONSULTANTS LTD

MIMO CONSULTANTS LTD (REGISTERED NUMBER: 09940344)

Contents of the Financial Statements

for the Year Ended 31st January 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

MIMO CONSULTANTS LTD

Company Information

for the Year Ended 31st January 2025

| DIRECTOR: | Mr M Grant

| SECRETARY: | Mrs M F Grant

| REGISTERED OFFICE: | 41 St Thomas's Road

| Chorley

| Lancashire

| PR7 1JE

| REGISTERED NUMBER: | 09940344 (England and Wales)

| ACCOUNTANTS: | BK Plus - Chorley

| Chartered Certified Accountants

| 41 St Thomas's Road

| Chorley

| Lancashire

| PR7 1JE

MIMO CONSULTANTS LTD (REGISTERED NUMBER: 09940344)

Balance Sheet

31st January 2025

| 31.1.25 | 31.1.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 63,444 |  | 46,869 |  |

CURRENT ASSETS

Debtors | 5 | 41,967 |  | 16,367 |  |

Cash at bank | 59,569 |  | 55,927 |  |

101,536 |  | 72,294 |  |

CREDITORS

Amounts falling due within one year | 6 | 49,714 |  | 37,010 |  |

NET CURRENT ASSETS | 51,822 |  | 35,284 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 115,266 |  | 82,153 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (46,557 | ) | (36,475 | ) |

PROVISIONS FOR LIABILITIES | (14,611 | ) | (8,130 | ) |

NET ASSETS | 54,098 |  | 37,548 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | 53,998 |  | 37,448 |  |

SHAREHOLDERS' FUNDS | 54,098 |  | 37,548 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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.

MIMO CONSULTANTS LTD (REGISTERED NUMBER: 09940344)

Balance Sheet - continued

31st January 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 director and authorised for issue on 2nd September 2025 and were signed by:

Mr M Grant - Director

MIMO CONSULTANTS LTD (REGISTERED NUMBER: 09940344)

Notes to the Financial Statements

for the Year Ended 31st January 2025

1. | STATUTORY INFORMATION

| MIMO Consultants 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.

| Revenue recognition

| Turnover is measured at the fair value of the consideration received or receivable and represents amounts received for services rendered, stated net of discounts and of Value Added Tax.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Fixtures and fittings | - | 20% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | straight line over 3 years

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| 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.

MIMO CONSULTANTS LTD (REGISTERED NUMBER: 09940344)

Notes to the Financial Statements - continued

for the Year Ended 31st January 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company makes payments to the director's own private pension plans. Contributions to the director's pension plans are charged to the profit and loss account in the period to which they relate.

| Cash and cash equivalents

| Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

| Impairment of assets

| At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

| If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 3 ) .

MIMO CONSULTANTS LTD (REGISTERED NUMBER: 09940344)

Notes to the Financial Statements - continued

for the Year Ended 31st January 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1st February 2024 | 2,020 |  | 48,986 |  | 7,936 |  | 58,942 |  |

| Additions | 561 |  | 62,289 |  | 1,912 |  | 64,762 |  |

| Disposals | - |  | (48,986 | ) | - |  | (48,986 | ) |

| At 31st January 2025 | 2,581 |  | 62,289 |  | 9,848 |  | 74,718 |  |

| DEPRECIATION

| At 1st February 2024 | 693 |  | 4,854 |  | 6,526 |  | 12,073 |  |

| Charge for year | 307 |  | 2,595 |  | 1,153 |  | 4,055 |  |

| Eliminated on disposal | - |  | (4,854 | ) | - |  | (4,854 | ) |

| At 31st January 2025 | 1,000 |  | 2,595 |  | 7,679 |  | 11,274 |  |

| NET BOOK VALUE

| At 31st January 2025 | 1,581 |  | 59,694 |  | 2,169 |  | 63,444 |  |

| At 31st January 2024 | 1,327 |  | 44,132 |  | 1,410 |  | 46,869 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1st February 2024 | 48,986 |  |

| Additions | 62,289 |  |

| Disposals | (48,986 | ) |

| At 31st January 2025 | 62,289 |  |

| DEPRECIATION

| At 1st February 2024 | 4,854 |  |

| Charge for year | 2,595 |  |

| Eliminated on disposal | (4,854 | ) |

| At 31st January 2025 | 2,595 |  |

| NET BOOK VALUE

| At 31st January 2025 | 59,694 |  |

| At 31st January 2024 | 44,132 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.25 |  | 31.1.24

£ | £ |

| Trade debtors | 41,967 |  | 16,367 |  |

MIMO CONSULTANTS LTD (REGISTERED NUMBER: 09940344)

Notes to the Financial Statements - continued

for the Year Ended 31st January 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.25 |  | 31.1.24

£ | £ |

| Hire purchase contracts | 6,371 |  | 5,342 |  |

| Amounts owed to group undertakings | - |  | 40 |  |

| Tax | 20,060 |  | 6,404 |  |

| Social security and other taxes | - |  | 266 |  |

| VAT | 9,137 |  | 12,261 |  |

| Other creditors | 78 |  | - |  |

| Directors' current accounts | 2,890 |  | 2,503 |  |

| Accrued expenses | 11,178 |  | 10,194 |  |

49,714 |  | 37,010 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.1.25 |  | 31.1.24

£ | £ |

| Hire purchase contracts | 46,557 |  | 36,475 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.1.25 |  | 31.1.24

£ | £ |

| Hire purchase contracts | 52,928 |  | 41,817 |  |

| The HP facility is secured against the asset to which is relates.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.1.25 |  | 31.1.24

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| At the balance sheet date, the company owed £2,890 (2024: £2,503 to its director. No interest has been charged on this loan and it is repayable on demand.

11. | ULTIMATE CONTROLLING PARTY

| Mr & Mrs M Grant control the company by virtue of their 100% holding of the issued share capital.