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REGISTERED NUMBER: 12338918 (England and Wales)















My Vault Limited

Unaudited Financial Statements for the Year Ended 30 November 2023






My Vault Limited (Registered number: 12338918)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


My Vault Limited

Company Information
for the Year Ended 30 November 2023







Director: J L Fordham





Registered office: 34 Carter Road
Drayton
Norwich
Norfolk
NR8 6DY





Registered number: 12338918 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

My Vault Limited (Registered number: 12338918)

Statement of Financial Position
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,647 3,951

Current assets
Debtors 5 4,302 2,889
Cash at bank and in hand 580 549
4,882 3,438
Creditors
Amounts falling due within one year 6 20,335 19,606
Net current liabilities (15,453 ) (16,168 )
Total assets less current liabilities (12,806 ) (12,217 )

Capital and reserves
Called up share capital 100 100
Retained earnings (12,906 ) (12,317 )
(12,806 ) (12,217 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 August 2024 and were signed by:





J L Fordham - Director


My Vault Limited (Registered number: 12338918)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. Statutory information

My Vault Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The director has assessed the financial status of the company and consider it to be a going concern. The directors have also considered the company's funding arrangements and believe that the company has sufficient access to working capital to enable it to continue to trade and meet its ongoing liabilities for the foreseeable future.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of turnover can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


My Vault Limited (Registered number: 12338918)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. Employees and directors

The average number of employees during the year was 1 (2022 - NIL ) .

4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 December 2022
and 30 November 2023 11,695
Depreciation
At 1 December 2022 7,744
Charge for year 1,304
At 30 November 2023 9,048
Net book value
At 30 November 2023 2,647
At 30 November 2022 3,951

5. Debtors: amounts falling due after more than one year
30/11/23 30/11/22
£    £   
Other debtors 4,302 2,889

6. Creditors: amounts falling due within one year
30/11/23 30/11/22
£    £   
Amounts owed to associates 19,305 18,633
Taxation and social security 57 -
Other creditors 973 973
20,335 19,606

7. Related party disclosures

JF Financial Associates Limited a company which shares the same director and shareholder is owed £19305 (£18633 at 30/11/2022) included within amounts owed to associates as at the balance sheet date