MI Installations Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04954711 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

MI INSTALLATIONS LIMITED

Page

Balance Sheet

1

FIXED ASSETS

38,699

35,238

CURRENT ASSETS

150,730

172,775

CREDITORS

Amounts falling due within one year

(126,398

)

(118,313

)

NET CURRENT ASSETS

24,332

54,462

TOTAL ASSETS LESS CURRENT LIABILITIES

63,031

89,700

CREDITORS

Amounts falling due after more than one year

55,536

82,653

NET ASSETS

7,495

7,047

CAPITAL AND RESERVES

7,495

7,047

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

MI Installations Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04954711

Registered office:

Unit 1

Sunnyside Park

Hinckley

Leicestershire

LE10 1PJ

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 11 (2021 - 12 ) .

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2022 and 31 March 2021:

2022

2021

£

£

Mr M R Kirby and Mrs J A Kirby

Balance outstanding at start of year

(9

)

(1

)

Amounts advanced

12,872

10,940

Amounts repaid

-

(10,948

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

12,863

(9

)

Mr B L Kirby

Balance outstanding at start of year

(33

)

(5,424

)

Amounts advanced

30,578

35,443

Amounts repaid

(11,300

)

(30,052

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

19,245

(33

)

The loan account of Mr B L Kirby is a joint account with his wife Mrs J C Kirby.

4.	OTHER FINANCIAL COMMITMENTS

The company has non-cancellable operating leases with commitments of £11,325 (2021 - £17,101) due within one year and £17,931 (2021 - £29,259) due between one and five years.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2022 and were signed on its behalf by:

Mr B L Kirby - Director