Company registration number 09969241 (England and Wales)
MY SHERPA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
MY SHERPA LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
MY SHERPA LIMITED (REGISTERED NUMBER: 09969241)
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
33,402
47,029
Investments
4
100
100
33,502
47,129
Current assets
Debtors
5
582
3,569
Cash at bank and in hand
60,528
48,340
61,110
51,909
Creditors: amounts falling due within one year
6
(4,335)
(2,133)
Net current assets
56,775
49,776
Net assets
90,277
96,905
Capital and reserves
Called up share capital
102
102
Profit and loss reserves
90,175
96,803
Total equity
90,277
96,905
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 24 January 2024 and are signed on its behalf by:
Mr A Kent
Director
MY SHERPA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
My Sherpa Limited is a private company limited by shares incorporated in England and Wales. The registered office is 39 Paddock Hall Road, Haywards Heath, West Sussex, RH16 1HN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax..
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
Straight line over 2 years
Computer equipment
Straight line over 2 years / 3 years
Motor vehicles
Straight line over 4 years
1.4
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
MY SHERPA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2023
4,421
12,125
56,090
72,636
Additions
3,540
3,540
Disposals
(2,641)
(2,641)
At 31 December 2023
4,421
13,024
56,090
73,535
Depreciation and impairment
At 1 January 2023
4,421
8,332
12,854
25,607
Depreciation charged in the year
2,548
14,023
16,571
Eliminated in respect of disposals
(2,045)
(2,045)
At 31 December 2023
4,421
8,835
26,877
40,133
Carrying amount
At 31 December 2023
4,189
29,213
33,402
At 31 December 2022
3,793
43,236
47,029
4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
100
100
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
582
3,569
MY SHERPA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
30
28
Taxation and social security
2,725
757
Other creditors
1,580
1,348
4,335
2,133