MIA WOOD LIMITED

2022-09-012023-08-312023-08-31false02637641MIA WOOD 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MIA WOOD LIMITED

Registered Number
02637641
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

MIA WOOD LIMITED

Company Information
for the year from 1 September 2022 to 31 August 2023


Directors	LLOYD, Jessica Ann
	WOOD, John Meredyth
	WOOD, Maria
	WOOD, Ruth Meredyth


Company Secretary	LLOYD, Jessica Ann


Registered Address	Studio 4 224 Shoreditch High Street
	London
	E1 6PJ


Registered Number	02637641 (England and Wales)

MIA WOOD LIMITED

Balance Sheet as at
31 August 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	5		488,765		491,620
			488,765		491,620
Current assets
Stocks	6	53,432		50,433
Debtors	7	2,570		4,125
Cash at bank and on hand		148,407		139,981
		204,409		194,539
Creditors amounts falling due within one year	8	(454,908)		(466,352)
Net current assets (liabilities)			(250,499)		(271,813)
Total assets less current liabilities			238,266		219,807
Net assets			238,266		219,807
Capital and reserves
Called up share capital			100		100
Profit and loss account			238,166		219,707
Shareholders' funds			238,266		219,807

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 10 November 2023, and are signed on its behalf by:

LLOYD, Jessica Ann
Director
Registered Company No. 02637641

MIA WOOD LIMITED

Notes to the Financial Statements
for the year ended 31 August 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Stocks policy
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leases policy
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2023		2022
	Average number of employees during the year	0		0

5.	Property, plant and equipment

	Land & buildings	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 September 22	483,196	35,718	14,217	533,131
Additions	-	-	308	308
Disposals	-	(10,599)	(8,273)	(18,872)
At 31 August 23	483,196	25,119	6,252	514,567
Depreciation and impairment
At 01 September 22	-	28,979	12,532	41,511
Charge for year	-	1,372	1,157	2,529
On disposals	-	(9,966)	(8,272)	(18,238)
At 31 August 23	-	20,385	5,417	25,802
Net book value
At 31 August 23	483,196	4,734	835	488,765
At 31 August 22	483,196	6,739	1,685	491,620

6.	Stocks

	2023	2022
	£	£
Finished goods	53,432	50,433
Total	53,432	50,433

7.	Debtors

	2023	2022
	£	£
Other debtors	-	4,125
Prepayments and accrued income	2,570	-
Total	2,570	4,125


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

8.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	17,261	15,088
Taxation and social security	20,809	21,410
Redeemable preference shares, liability	400,000	400,000
Other creditors	14,337	26,354
Accrued liabilities and deferred income	2,501	3,500
Total	454,908	466,352


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.