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REGISTERED NUMBER: 09121938 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 July 2023

for

Mystove Ltd

Mystove Ltd (Registered number: 09121938)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mystove Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: P Leworthy





REGISTERED OFFICE: Unit F2
Broadhill Workshops
Ockley Lane
Burgess Hill
West Sussex
RH15 0BS





REGISTERED NUMBER: 09121938 (England and Wales)





ACCOUNTANTS: Price Green & Co
Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF

Mystove Ltd (Registered number: 09121938)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,941 4,232

CURRENT ASSETS
Stocks 15,000 17,500
Debtors 5 - 2,494
Cash at bank 40,024 47,100
55,024 67,094
CREDITORS
Amounts falling due within one year 6 19,196 31,179
NET CURRENT ASSETS 35,828 35,915
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,769

40,147

CREDITORS
Amounts falling due after more than one
year

7

(13,001

)

(14,012

)

PROVISIONS FOR LIABILITIES (749 ) (804 )
NET ASSETS 26,019 25,331

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,919 25,231
26,019 25,331

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Mystove Ltd (Registered number: 09121938)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 October 2023 and were signed by:





P Leworthy - Director


Mystove Ltd (Registered number: 09121938)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Mystove Ltd (Registered number: 09121938)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 776 15,308 3,458 19,542
Additions - - 1,297 1,297
At 31 July 2023 776 15,308 4,755 20,839
DEPRECIATION
At 1 August 2022 532 12,584 2,194 15,310
Charge for year 61 681 846 1,588
At 31 July 2023 593 13,265 3,040 16,898
NET BOOK VALUE
At 31 July 2023 183 2,043 1,715 3,941
At 31 July 2022 244 2,724 1,264 4,232

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors - 1,995
Other debtors - 499
- 2,494

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 2,465 3,503
Trade creditors 8,968 13,943
Taxation and social security 3,989 8,634
Other creditors 3,774 5,099
19,196 31,179

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 13,001 14,012

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 (2022 - £20,000) were paid to the director .

9. GOING CONCERN

The Covid-19 pandemic has created business uncertainty, but the directors are confident that the company's finances are sufficiently robust, and believe that they will be able to continue trading without material difficulties. As such, they believe that preparing the accounts on a going concern basis is appropriate.