Miroma Labs Limited 30/06/2021 iXBRL

MIROMA LABS LIMITED - Company Information

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Company registration number: 11458371

Miroma Labs Limited

Unaudited filleted financial statements

30 June 2021

Miroma Labs Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Miroma Labs Limited

Directors and other information


Directors	M Boyan
	W Keisner	(Resigned 4 March 2022)
	G Winton	(Resigned 4 March 2022)


Company number	11458371


Registered office	Elsley Court
	20-22 Great Titchfield Street
	London
	W1W 8BE


Accountant	Passer & Co
	20 Sunningdale Close
	Stanmore
	HA7 3QL

Miroma Labs Limited

Statement of financial position

30 June 2021

		2021		2020
	Note	£	£	£	£

Fixed assets
Intangible assets	5	2,508		15,050
Tangible assets	6	111		444
		_______		_______
			2,619		15,494

Current assets
Stocks		-		862
Debtors	7	4,660		14,666
Cash at bank and in hand		149		10,991
		_______		_______
		4,809		26,519
Creditors: amounts falling due
within one year	8	-		( 81)
		_______		_______
Net current assets			4,809		26,438
			_______		_______
Total assets less current liabilities			7,428		41,932

			_______		_______
Net assets			7,428		41,932
			_______		_______

Capital and reserves
Called up share capital			100		100
Share premium account			249,949		249,949
Profit and loss account			( 242,621)		( 208,117)
			_______		_______
Shareholders funds			7,428		41,932
			_______		_______

For the year ending 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 16 March 2022 , and are signed on behalf of the board by:

M Boyan

Director

Company registration number: 11458371

Miroma Labs Limited

Statement of changes in equity

Year ended 30 June 2021

	Called up share capital	Share premium account	Profit and loss account	Total
	£	£	£	£


At 1 July 2019	100	249,949	( 111,198)	138,851

Loss for the year			( 96,919)	( 96,919)
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	( 96,919)	( 96,919)

	_______	_______	_______	_______
At 30 June 2020 and 1 July 2020	100	249,949	( 208,117)	41,932

Loss for the year			( 34,504)	( 34,504)
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	( 34,504)	( 34,504)

	_______	_______	_______	_______
At 30 June 2021	100	249,949	( 242,621)	7,428
	_______	_______	_______	_______

Miroma Labs Limited

Notes to the financial statements

Year ended 30 June 2021

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost convention

The financial statements are prepared in sterling, which is the functional currency of the entity.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Computer equipment	-	33.33 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2020: 2 ).

5. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 1 July 2020 and 30 June 2021	15,050	15,050
	_______	_______
Amortisation
At 1 July 2020	-	-
Charge for the year	12,542	12,542
	_______	_______
At 30 June 2021	12,542	12,542
	_______	_______
Carrying amount
At 30 June 2021	2,508	2,508
	_______	_______
At 30 June 2020	15,050	15,050
	_______	_______

6. Tangible assets

	Computer equipment	Total
	£	£
Cost
At 1 July 2020 and 30 June 2021	999	999
	_______	_______
Depreciation
At 1 July 2020	555	555
Charge for the year	333	333
	_______	_______
At 30 June 2021	888	888
	_______	_______
Carrying amount
At 30 June 2021	111	111
	_______	_______
At 30 June 2020	444	444
	_______	_______

7. Debtors

	2021	2020
	£	£
Other debtors	4,660	14,666
	_______	_______

8. Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	-	81
	_______	_______

9. Controlling party

The company's immediate and ultimate parent company is Miroma Holdings Ltd. This is the smallest and largest group in which results of the company are consolidated. These financial statements are available at Miroma Holdings Ltd registered office at Elsey Court, 20-22 Great Tichfield Street, London, W1W 8BE.