MIH TECHNOLOGIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2018
Company Registration Number SC342402 (Scotland)
PAGES FOR FILING WITH REGISTRAR
MIH TECHNOLOGIES LIMITED
BALANCE SHEET
AS AT 31 MAY 2018
31 May 2018
- 1 -
2018
2017
£
£
£
£
Fixed assets
1
1
Current assets
124
156
Creditors: amounts falling due within one year
(16,494)
(3,455)
Net current liabilities
(16,370)
(3,299)
Total assets less current liabilities
(16,369)
(3,298)
Creditors: amounts falling due after more than one year
-
(12,999)
Net liabilities
(16,369)
(16,297)
Capital and reserves
(16,369)
(16,297)
Notes to the financial statements
2
Going concern
The accounts have been prepared on the going concern basis.
The company is dependent upon continuing support from its subsidiary and the availability of the funding for the short to medium term. The directors are confident that this support will continue and the going concern basis continues to be appropriate. No adjustments have therefore been made to the accounts which would result should this support be withdrawn.
2
Related parties
The company owns 100% of the share capital in Food Science Limited. At the year end £16,494 was due to Food Science Limited (2017 - £16,454).
MIH Technologies Limited is a private company limited by shares incorporated in Scotland. The registered office is Thornhouse Business Centre, 30 Ballot Road, Irvine, Ayrshire, KA12 0HW.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
For the year ended 31 May 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
MIH TECHNOLOGIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2018
31 May 2018
- 2 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' 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 8 October 2018 and are signed on its behalf by:
Dr James Pickard
Director
Company Registration Number SC342402