Company Registration No. 14200962 (England and Wales)
MYLA STAYS LTD
Unaudited accounts
for the year ended 30 June 2023
MYLA STAYS LTD
Unaudited accounts
Contents
MYLA STAYS LTD
Company Information
for the year ended 30 June 2023
Directors
CHANTHIRAKUMAR, Thanabalasingam
UDAYAN, Kochchu Sithamparam
Company Number
14200962 (England and Wales)
Registered Office
14 SHAW STREET
HOLMEWOOD
CHESTERFIELD
S42 5TT
ENGLAND
Accountants
Cloud 9 Accounting Team
101 Rose Street South Lane
Edinburgh
Fife
EH2 3JG
MYLA STAYS LTD
Statement of financial position
as at 30 June 2023
Cash at bank and in hand
415
Creditors: amounts falling due within one year
(14,128)
Net current liabilities
(11,324)
Profit and loss account
(10,670)
Shareholders' funds
(10,669)
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by
UDAYAN, Kochchu Sithamparam
Director
Company Registration No. 14200962
MYLA STAYS LTD
Notes to the Accounts
for the year ended 30 June 2023
MYLA STAYS LTD is a private company, limited by shares, registered in England and Wales, registration number 14200962. The registered office is 14 SHAW STREET, HOLMEWOOD, CHESTERFIELD, S42 5TT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
The directors believe that the company is experiencing good levels of sales growth , and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.
Advances, credit and guarantees granted to directors
Total money due to Director from company is £12,691
4
Tangible fixed assets
Computer equipment
MYLA STAYS LTD
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Accrued income and prepayments
2,389
6
Creditors: amounts falling due within one year
2023
Loans from directors
12,691
This balance includes companies liability towards director and company credit card
7
Average number of employees
During the year the average number of employees was 0.