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Company Registration No. 10991594 (England and Wales)
MYD ENTERPRISE LTD Unaudited accounts for the year ended 31 October 2023
MYD ENTERPRISE LTD Unaudited accounts Contents
Page
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MYD ENTERPRISE LTD Company Information for the year ended 31 October 2023
Director
Fred Namutulo
Company Number
10991594 (England and Wales)
Registered Office
Suite 4, Ground Floor Saturn Centre Ettingshall, Wolverhampton WV4 6JX
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MYD ENTERPRISE LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,500 
1,500 
Tangible assets
2,024 
2,249 
3,524 
3,749 
Current assets
Debtors
12,110 
14,756 
Cash at bank and in hand
38,043 
44,556 
50,153 
59,312 
Creditors: amounts falling due within one year
(44,530)
(48,168)
Net current assets
5,623 
11,144 
Net assets
9,147 
14,893 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
9,146 
14,892 
Shareholders' funds
9,147 
14,893 
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 31 July 2024 and were signed on its behalf by
Fred Namutulo Director Company Registration No. 10991594
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MYD ENTERPRISE LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
MYD ENTERPRISE LTD is a private company, limited by shares, registered in England and Wales, registration number 10991594. The registered office is Suite 4, Ground Floor, Saturn Centre, Ettingshall, Wolverhampton, WV4 6JX.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2022
1,500 
At 31 October 2023
1,500 
Amortisation
At 1 November 2022
- 
At 31 October 2023
- 
Net book value
At 31 October 2023
1,500 
At 31 October 2022
1,500 
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MYD ENTERPRISE LTD Notes to the Accounts for the year ended 31 October 2023
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
560 
800 
1,416 
2,776 
At 31 October 2023
560 
800 
1,416 
2,776 
Depreciation
At 1 November 2022
106 
152 
269 
527 
Charge for the year
45 
65 
115 
225 
At 31 October 2023
151 
217 
384 
752 
Net book value
At 31 October 2023
409 
583 
1,032 
2,024 
At 31 October 2022
454 
648 
1,147 
2,249 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,602 
13,723 
Accrued income and prepayments
1,508 
1,033 
12,110 
14,756 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
49,316 
49,792 
VAT
1,609 
3,242 
Trade creditors
3,605 
2,235 
Other creditors
- 
2,899 
Loans from directors
(10,000)
(10,000)
44,530 
48,168 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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