MIALGAE LTD

MIALGAE LTD

MIALGAE LTD - Company Information

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MIALGAE LTD

Company Registration Number:
SC544670 (Scotland)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

MIALGAE LTD

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Notes

MIALGAE LTD

Balance sheet

As at 30 September 2023


Notes
2023
2022


£
£
Fixed assets
Intangible assets: 3 0 3,679
Tangible assets: 4 1,366,803 813,266
Total fixed assets: 1,366,803 816,945
Current assets
Debtors:   356,049 352,670
Cash at bank and in hand: 1,261,619 981,485
Total current assets: 1,617,668 1,334,155
Creditors: amounts falling due within one year:   (392,792) (318,657)
Net current assets (liabilities): 1,224,876 1,015,498
Total assets less current liabilities: 2,591,679 1,832,443
Creditors: amounts falling due after more than one year:   (489,233) (248,775)
Total net assets (liabilities): 2,102,446 1,583,668
Capital and reserves
Called up share capital: 62 51
Share premium account: 6,935,273 4,297,484
Revaluation reserve:520,00020,000
Profit and loss account: (4,852,889) (2,733,867)
Shareholders funds: 2,102,446 1,583,668

The notes form part of these financial statements

MIALGAE LTD

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 01 December 2023
and signed on behalf of the board by:

Name: S G Best
Status: Director

The notes form part of these financial statements

MIALGAE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MIALGAE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

2. Employees

2023 2022
Average number of employees during the period 35 24

MIALGAE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Intangible Assets

Total
Cost £
At 01 October 2022 3,679
Disposals (3,679)
At 30 September 2023 0
Amortisation
At 01 October 2022 0
At 30 September 2023 0
Net book value
At 30 September 2023 0
At 30 September 2022 3,679

MIALGAE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Tangible Assets

Total
Cost £
At 01 October 2022 1,113,840
Additions 1,983,217
Disposals (1,305,841)
At 30 September 2023 1,791,216
Depreciation
At 01 October 2022 300,574
Charge for year 123,839
At 30 September 2023 424,413
Net book value
At 30 September 2023 1,366,803
At 30 September 2022 813,266

MIALGAE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Revaluation reserve

2023
£
Balance at 01 October 2022 20,000
Surplus or deficit after revaluation 0
Balance at 30 September 2023 20,000