ACCOUNTS - Final Accounts

Registered number: 15311546

MINDBAY TECHNOLOGIES LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024


MINDBAY TECHNOLOGIES LTD REGISTERED NUMBER:15311546

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024
Note		£

Fixed assets
Tangible assets	4		1,677
			1,677
Current assets
Debtors: amounts falling due within one year	5	4,299
Cash at bank and in hand		4,718
		9,017
Creditors: amounts falling due within one year	6	(3,000)
Net current assets			6,017
Total assets less current liabilities			7,694
Creditors: amounts falling due after more than one year			(133,277)

Net (liabilities)/assets			(125,583)

Capital and reserves
Called up share capital			10,000
Profit and loss account			(135,583)
			(125,583)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 September 2025.

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MINDBAY TECHNOLOGIES LTD REGISTERED NUMBER:15311546

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

___________________________

Taha Ouertani

Director

The notes on pages 3 to 6 form part of these financial statements.

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MINDBAY TECHNOLOGIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Mindbay Technologies Limited is a private company limited by shares incorporated in England and Wales. The registered office is 28 Kempe Road, London, England, NW6 6SJ

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

2.3

MindBay Technologies Ltd. (MindBay) is a UK-based provider of

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment

25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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MINDBAY TECHNOLOGIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including the director, during the year was as follows:

			2024
			No.

		Director	1

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MINDBAY TECHNOLOGIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	Additions	2,237
	At 31 December 2024	2,237
	Depreciation
	Charge for the year on owned assets	560
	At 31 December 2024	560
	Net book value
	At 31 December 2024	1,677

Debtors

					2024
					£


	Other debtors (includes VAT Refund)	4,299
		4,299

6.	Creditors: Amounts falling due within one year
		2024
		£

	Accruals and deferred income	3,000
		3,000

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MINDBAY TECHNOLOGIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Creditors: Amounts falling due after more than one year
		2024
		£

	Director's loan	133,277
		133,277

8.	Share capital
		2024
		£

		Allotted, called up and fully paid

		10,000 Ordinary shares of £1.00 each	10,000

9.	Post balance sheet events

There were no events since the year end which materially affected the company.

10.	Controlling party

The ultimate controlling interest is held by Taha Ouertani, who owns 100% of the shares of the company.

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