Registered number
11918700
My Tech World Ltd
Filleted Accounts
31 March 2024
My Tech World Ltd
Registered number: 11918700
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 10,380 12,659
10,380 12,659
Current assets
Stocks - 5,000
Debtors 4 5,200 5,000
Cash at bank and in hand 46,254 44,018
51,454 54,018
Creditors: amounts falling due within one year 5 (17,320) (9,211)
Net current assets 34,134 44,807
Total assets less current liabilities 44,514 57,466
Creditors: amounts falling due after more than one year 6 (19,500) (33,000)
Provisions for liabilities - -
Net assets 25,014 24,466
Capital and reserves
Called up share capital 10 10
Profit and loss account 25,004 24,456
Shareholder's funds 25,014 24,466
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.
Mr Sheraz KHAN
Director
Approved by the board on 7 April 2024
My Tech World Ltd
Notes to the Accounts
for the year ended 31 March 2024
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 18% Reducing Balance
Fixtures, fittings, tools and equipment 18% Reducing Balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 6
3 Tangible fixed assets
Land and buildings Equipment, Fixtures & Fitting Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 - 28,000 - 28,000
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 March 2024 - 28,000 - 28,000
Depreciation
At 1 April 2023 - 15,341 - 15,341
Charge for the year - 2,279 - 2,279
Surplus on revaluation - - - -
On disposals - - - -
At 31 March 2024 - 17,620 - 17,620
Net book value
At 31 March 2024 - 10,380 - 10,380
At 31 March 2023 - 12,659 - 12,659
4 Debtors 2024 2023
£ £
Trade debtors - -
Other Debtor 5,200 5,000
5,200 5,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - -
Taxation and social security costs 17,320 9,211
Other creditors - -
17,320 9,211
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 19,500 33,000
Other Creditor- Director's Loan - -
19,500 33,000
7 Other information
My Tech World Ltd is a private company limited by shares and incorporated in England. Its registered office is:
71 Market Street
Crewe
Cheshire. CW1 2EY
My Tech World Ltd 11918700 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 Mr Sheraz KHAN No description of principal activity 11918700 2022-04-01 2023-03-31 11918700 core:WithinOneYear 2023-03-31 11918700 core:AfterOneYear 2023-03-31 11918700 core:ShareCapital 2023-03-31 11918700 core:RetainedEarningsAccumulatedLosses 2023-03-31 11918700 2023-04-01 2024-03-31 11918700 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11918700 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11918700 bus:Director40 2023-04-01 2024-03-31 11918700 core:LandBuildings 2023-04-01 2024-03-31 11918700 core:PlantMachinery 2023-04-01 2024-03-31 11918700 core:Vehicles 2023-04-01 2024-03-31 11918700 countries:England 2023-04-01 2024-03-31 11918700 bus:FRS102 2023-04-01 2024-03-31 11918700 bus:FilletedAccounts 2023-04-01 2024-03-31 11918700 2024-03-31 11918700 core:WithinOneYear 2024-03-31 11918700 core:AfterOneYear 2024-03-31 11918700 core:ShareCapital 2024-03-31 11918700 core:RetainedEarningsAccumulatedLosses 2024-03-31 11918700 core:LandBuildings 2024-03-31 11918700 core:PlantMachinery 2024-03-31 11918700 core:Vehicles 2024-03-31 11918700 2023-03-31 11918700 core:LandBuildings 2023-03-31 11918700 core:PlantMachinery 2023-03-31 11918700 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure