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Registered Number: 09499089
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 31 March 2023

for

MIYU LONDON LTD

 
 
 
£
2023
£
   
£
2022
£
Fixed assets 34,411  32,241 
Current assets 74,422  14,965 
Creditors: amount falling due within one year (96,045) (68,513)
Net current assets (21,623) (53,548)
Total assets less current liabilities 12,788  (21,307)
Net assets 12,788  (21,307)
 
Capital and reserves 12,788  (21,307)
 
  1. For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Lyr Soheme
Director

Date approved: 27 November 2023
1
Statutory Information
MIYU LONDON LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 09499089, registration address 184 Petts Wood Road, Orpington, Kent, BR5 1LG, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery25% Reducing Balance
Fixtures and Fittings15% Reducing Balance
Computer Equipment25% Reducing Balance
2.

Intangible fixed assets

Cost or Valuation Goodwill   Total
  £   £
At 01 April 2022 45,000    45,000 
Additions  
Disposals  
At 31 March 2023 45,000    45,000 
Amortisation
At 01 April 2022 27,000    27,000 
Charge for year 4,500    4,500 
On disposals  
At 31 March 2023 31,500    31,500 
Net book values
At 31 March 2023 13,500    13,500 
At 31 March 2022 18,000    18,000 

3.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Office equipment   Total
  £   £   £   £   £
At 01 April 2022 3,669    27,484    3,710      34,863 
Additions       15,176    15,176 
Disposals        
At 31 March 2023 3,669    27,484    3,710    15,176    50,039 
Depreciation
At 01 April 2022 2,029    16,248    2,345      20,622 
Charge for year 410    1,685    341    6,070    8,506 
On disposals        
At 31 March 2023 2,439    17,933    2,686    6,070    29,128 
Net book values
Closing balance as at 31 March 2023 1,230    9,551    1,024    9,106    20,911 
Opening balance as at 01 April 2022 1,640    11,236    1,365      14,241 

4.

Average number of employees

Average number of employees during the year was 4  (2022: 8).
2