K & S MIR LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Auditor

Johnston Carmichael LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company has net current liabilities of £46,536 (2024: net current assets of £489,781) at 31 March 2025, £1,660,000 (2024: £2,620,000) of which is amounts due to the shareholders for preference shares held by the shareholders, which the shareholders have assured will not be sought to be repaid to the detriment of the company's trading obligations. Bank Loan refinancing of £12.9m took place on 30th November 2021 and has a final repayment date of 30th November 2026. Furthermore, the directors are satisfied that they will continue to generate adequate trading cashflows to service its obligations as they fall due. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. The directors have considered the impacts and increased costs due to wider inflationary economic environment on their operations and, based on their forecasts for the next 12 months, do not believe it will have a material impact on going concern.”

Significant events

• “Refurbishment works have been carried out on the portfolio which required rooms to be put off whilst this was carried out.”
• “Steps have been taken to ensure that we now have policies in place to deal with unforeseen events such as pandemics.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

1

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +4.3%

  £13,991,801 → £14,592,800

• Cash

  -21.2%

  £4,395,639 → £3,462,167

• Net assets

  +21.2%

  £34,793,048 → £42,175,797

• Employees

  +6%

  150 → 159

• Operating profit

  -23.1%

  £4,262,210 → £3,278,209

• Profit before tax

  -31.4%

  £3,701,433 → £2,539,131

• Wages

  +12.7%

  £4,143,148 → £4,668,880

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers