Registered number
11787181
MYSTONE INVESTMENTS LTD
Filleted Accounts
31 January 2023
MYSTONE INVESTMENTS LTD
Registered number: 11787181
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 244,239 173,195
Cash at bank and in hand 22,955 21,596
267,194 194,791
Creditors: amounts falling due within one year 4 (163,923) (117,410)
Net current assets 103,271 77,381
Net assets 103,271 77,381
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 102,271 76,381
Shareholder's funds 103,271 77,381
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J S Kullar
Director
Approved by the board on 6 March 2024
MYSTONE INVESTMENTS LTD
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Trade debtors 244,239 173,195
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 140,985 101,918
Accruals 1,885 1,885
Corporation tax 20,659 13,213
Other creditors 394 394
163,923 117,410
5 Other information
MYSTONE INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
2 Wilberforce Road
Leicester
LE3 0GT
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