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Company Registration No. 13391014 (England and Wales)
MIHA Medical Ltd Unaudited accounts for the year ended 31 May 2025
MIHA Medical Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
-
36,103
Current assets
Cash at bank and in hand
70,358
70,190
Creditors: amounts falling due within one year
(19,714)
(34,932)
Net current assets
50,644
35,258
Total assets less current liabilities
50,644
71,361
Provisions for liabilities
Deferred tax
-
(272)
Net assets
50,644
71,089
Capital and reserves
Called up share capital
20
20
Profit and loss account
50,624
71,069
Shareholders' funds
50,644
71,089
For the year ending 31 May 2025 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 23 May 2025 and were signed on its behalf by
Mr Macbool Haroon Director Company Registration No. 13391014
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MIHA Medical Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
MIHA Medical Ltd is a private company, limited by shares, registered in England and Wales, registration number 13391014. The registered office is 23 Stonehouse Lane, Quinton, Birmingham, West Midlands, B32 3DU, United Kingdom. The company is in the process of being wound up.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared prepared on a 'liquidation' (or 'break-up') basis.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on cost.
Going concern
The company is being wound up by members voluntarily.
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MIHA Medical Ltd Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 June 2024
64,636
Disposals
(64,636)
At 31 May 2025
-
Depreciation
At 1 June 2024
28,533
Charge for the year
8,274
On disposals
(36,807)
At 31 May 2025
-
Net book value
At 31 May 2025
-
At 31 May 2024
36,103
5
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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