Acorah Software Products - Accounts Production 16.5.460 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07468749 R M Elmer T Elmer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07468749 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2024-12-31 07468749 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2024-12-31 07468749 2023-12-31 07468749 2024-12-31 07468749 2024-01-01 2024-12-31 07468749 frs-core:CurrentFinancialInstruments 2024-12-31 07468749 frs-core:Non-currentFinancialInstruments 2024-12-31 07468749 frs-core:ShareCapital 2024-12-31 07468749 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07468749 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07468749 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07468749 frs-bus:SmallEntities 2024-01-01 2024-12-31 07468749 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07468749 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07468749 frs-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 07468749 frs-bus:OrdinaryShareClass1 2024-12-31 07468749 frs-bus:Director1 2024-01-01 2024-12-31 07468749 frs-bus:Director2 2024-01-01 2024-12-31 07468749 frs-countries:EnglandWales 2024-01-01 2024-12-31 07468749 frs-core:CurrentFinancialInstruments frs-core:WithinOneYear 2023-12-31 07468749 frs-core:Non-currentFinancialInstruments frs-core:BetweenOneFiveYears 2023-12-31 07468749 2022-12-31 07468749 2023-12-31 07468749 2023-01-01 2023-12-31 07468749 frs-core:CurrentFinancialInstruments 2023-12-31 07468749 frs-core:Non-currentFinancialInstruments 2023-12-31 07468749 frs-core:ShareCapital 2023-12-31 07468749 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07468749 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31
Registered number: 07468749
MI Global Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Harris & Company (C.A.) Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07468749
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 186,558 59,839
Cash at bank and in hand 154 2,934
186,712 62,773
Creditors: Amounts Falling Due Within One Year 5 (10,045 ) (54,573 )
NET CURRENT ASSETS (LIABILITIES) 176,667 8,200
TOTAL ASSETS LESS CURRENT LIABILITIES 176,667 8,200
Creditors: Amounts Falling Due After More Than One Year 6 (193,930 ) (29,298 )
NET LIABILITIES (17,263 ) (21,098 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (17,264 ) (21,099 )
SHAREHOLDERS' FUNDS (17,263) (21,098)
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
R M Elmer
Director
30 September 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MI Global Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07468749 . The registered office is 126-128 New Covent Garden Market, London, SW8 5EN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The Company meets its day to day working capital requirements through funding from the director, which is repayable on demand.
The director considers it appropriate to prepare the financial statements on the going concern basis.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 9,600 9,839
Amounts recoverable on contracts 100,000 -
Other debtors 76,958 50,000
186,558 59,839
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5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 154 3,610
Bank loans and overdrafts 5,965 5,965
Other creditors 3,250 43,652
Taxation and social security 676 1,346
10,045 54,573
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 24,618 29,298
Other creditors 169,312 -
193,930 29,298
7. Loans
An analysis of the maturity of loans is given below:
2024 2023
£ £
Amounts falling due within one year or on demand:
Bank loans 5,965 5,965
2024 2023
£ £
Amounts falling due between one and five years:
Bank loans 24,618 29,298
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 0.01 each 1 1
9. Related Party Disclosures
The Company lent a loan of £75,500 to a company which has common majority shareholder.  The loan is bearing interest of 12% per annum and is repayable on demand.
As at the year end date, the balance outstanding was £75,500 (2023: £50,000).
Interest charged during the year was £5,500 (2023: £238).
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