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REGISTERED NUMBER: 06073080 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2023

for

M-Y Books Limited

M-Y Books Limited (Registered number: 06073080)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Income Statement 2

Balance Sheet 3

Notes to the Financial Statements 5


M-Y Books Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr J Miller





REGISTERED OFFICE: The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR





REGISTERED NUMBER: 06073080 (England and Wales)





ACCOUNTANTS: DSCO
The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR

M-Y Books Limited (Registered number: 06073080)

Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

TURNOVER 145,360 115,258

Cost of sales 27,547 7,140
GROSS PROFIT 117,813 108,118

Administrative expenses 40,759 41,794
OPERATING PROFIT 4 77,054 66,324

Interest receivable and similar income 1 3
77,055 66,327

Interest payable and similar expenses 252 -
PROFIT BEFORE TAXATION 76,803 66,327

Tax on profit 5 16,163 12,602
PROFIT FOR THE FINANCIAL YEAR 60,640 53,725

M-Y Books Limited (Registered number: 06073080)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 7 - -
Tangible assets 8 - 858
- 858

CURRENT ASSETS
Stocks - 7,686
Debtors 9 6,065 732
Cash at bank 36,554 27,739
42,619 36,157
CREDITORS
Amounts falling due within one year 10 35,110 29,983
NET CURRENT ASSETS 7,509 6,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,509

7,032

PROVISIONS FOR LIABILITIES 11 - 163
NET ASSETS 7,509 6,869

CAPITAL AND RESERVES
Called up share capital 12 2 2
Retained earnings 13 7,507 6,867
SHAREHOLDERS' FUNDS 7,509 6,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

M-Y Books Limited (Registered number: 06073080)

Balance Sheet - continued
31 December 2023


The 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 director and authorised for issue on 25 July 2024 and were signed by:





Mr J Miller - Director


M-Y Books Limited (Registered number: 06073080)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

M-Y Books 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

M-Y Books Limited (Registered number: 06073080)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.12.23 31.12.22
£    £   
Depreciation - owned assets 858 858

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.12.23 31.12.22
£    £   
Current tax:
UK corporation tax 16,326 12,765

Deferred tax (163 ) (163 )
Tax on profit 16,163 12,602

6. DIVIDENDS
31.12.23 31.12.22
£    £   
Ordinary shares of £1 each
Final 60,000 79,000

7. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 20,000
AMORTISATION
At 1 January 2023
and 31 December 2023 20,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

M-Y Books Limited (Registered number: 06073080)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 3,432
DEPRECIATION
At 1 January 2023 2,574
Charge for year 858
At 31 December 2023 3,432
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 858

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 6,065 266
Other debtors - 466
6,065 732

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,994 8,398
Taxation and social security 19,598 12,895
Other creditors 13,518 8,690
35,110 29,983

11. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax - 163

Deferred
tax
£   
Balance at 1 January 2023 163
Accelerated capital allowances (163 )
Balance at 31 December 2023 -

M-Y Books Limited (Registered number: 06073080)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary £1 2 2

13. RESERVES
Retained
earnings
£   

At 1 January 2023 6,867
Profit for the year 60,640
Dividends (60,000 )
At 31 December 2023 7,507