Company Registration No. 04473510 (England and Wales)
M I Products Limited
Unaudited accounts
for the year ended 31 December 2024
M I Products Limited
Unaudited accounts
Contents
M I Products Limited
Company Information
for the year ended 31 December 2024
Directors
M. Rowsell
I. Searle
Company Number
04473510 (England and Wales)
Registered Office
2c 4020 Siskin Parkway Est
Middlemarch Business Park
Coventry
Warwks
CV3 4SU
Accountants
Winkle and Co Accountants
61 Albert Street
Rugby
CV21 2SN
M I Products Limited
Statement of financial position
as at 31 December 2024
Tangible assets
8,716
10,254
Inventories
235,440
186,125
Cash at bank and in hand
29,888
8,636
Creditors: amounts falling due within one year
(240,857)
(117,689)
Net current assets
65,766
119,975
Called up share capital
100
100
Profit and loss account
74,382
130,129
Shareholders' funds
74,482
130,229
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by
M. Rowsell
Director
Company Registration No. 04473510
M I Products Limited
Notes to the Accounts
for the year ended 31 December 2024
M I Products Limited is a private company, limited by shares, registered in England and Wales, registration number 04473510. The registered office is 2c 4020 Siskin Parkway Est, Middlemarch Business Park, Coventry, Warwks, CV3 4SU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following reducing balance rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Plant & machinery
At 31 December 2024
34,387
At 31 December 2024
25,671
At 31 December 2023
10,254
M I Products Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
41,295
42,903
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
156,000
92,101
Trade creditors
6,245
7,840
Taxes and social security
7,444
11,026
Loans from directors
71,168
6,722
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 3 (2023: 3).