for the Period Ended 31 December 2022
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2022
Principal activities of the company
Political and charitable donations
Additional information
Post reporting date eventsAfter the reporting date the Company had a large trade receivable from a payment service provider deemed irrecoverablewhich resulted in an adjusting event as disclosed in note 21.Subsequent to the year end the company received external advice in June 2023 regarding its definition of 'relevant funds' and acted upon this advice in first instance as stated in note 15.During October 2023, the directors committed to a plan to restructure the UK operations due to a decrease in revenuesfrom ceasement of certain business segments, estimated costs have not been confirmed. The restructure is expected tobe completed by 31 December 2023.
Directors
The directors shown below have held office during the whole of the period from
1 January 2022 to 31 December 2022
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2022 | 13 months to 31 December 2021 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Distribution costs: | | |
Administrative expenses: | ( | ( |
Operating profit(or loss): | | ( |
Interest receivable and similar income: | | |
Interest payable and similar charges: | ( | ( |
Profit(or loss) before tax: | | ( |
Tax: | ( | |
Profit(or loss) for the financial year: | | ( |
As at
Notes | 2022 | 13 months to 31 December 2021 | |
---|---|---|---|
| £ | £ | |
Called up share capital not paid: | | | |
Fixed assets | |||
Intangible assets: | | | |
Investments: | 3 | | |
Total fixed assets: | | | |
Current assets | |||
Debtors: | 4 | | |
Cash at bank and in hand: | | | |
Total current assets: | | | |
Prepayments and accrued income: | | | |
Creditors: amounts falling due within one year: | 5 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 6 | ( | ( |
Provision for liabilities: | | | |
Accruals and deferred income: | ( | ( | |
Total net assets (liabilities): | | | |
Capital and reserves | |||
Called up share capital: | | | |
Profit and loss account: | | | |
Total Shareholders' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2022
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Intangible fixed assets amortisation policy
Other accounting policies
for the Period Ended 31 December 2022
2022 | 13 months to 31 December 2021 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 December 2022
Investment in subsidiary undertakingsThe Company has control in the financial and operating policy decisions of other entities during the Year. Investment in subsids are recognised in the statement of financial position at cost less accumulatedimpairment. The balance of investments within the Company represents the 100% share holdings of MIRMuchBetter EDE S.L., UAB MIR Lithuania, MIR MuchBetter Australia PTY Ltd during the period. The principalsubsidiaries of the Company are as follows:Class of % HeldName of undertaking Registered office shares held DirectUAB MIR Lithuania Lithuania Ordinary Shares 100%MIR MuchBetter EDE S.L Spain Ordinary Shares 100%MIR MuchBetter Australia PTY Ltd Australia Ordinary Shares 100%
for the Period Ended 31 December 2022
2022 | 13 months to 31 December 2021 | |
---|---|---|
£ | £ | |
Trade debtors | | |
Prepayments and accrued income | | |
Total | | |
for the Period Ended 31 December 2022
2022 | 13 months to 31 December 2021 | |
---|---|---|
£ | £ | |
Trade creditors | | |
Accruals and deferred income | | |
Total | | |
for the Period Ended 31 December 2022
2022 | 13 months to 31 December 2021 | |
---|---|---|
£ | £ | |
Amounts due under finance leases and hire purchase contracts | | |
Total | | |