Company Registration No. 08696264 (England and Wales)
MY SUB LTD
Unaudited accounts
for the year ended 30 November 2023
MY SUB LTD
Unaudited accounts
Contents
MY SUB LTD
Company Information
for the year ended 30 November 2023
Director
Rashpal Singh SANDHAR
Company Number
08696264 (England and Wales)
Registered Office
70 STONE ROAD
STAFFORD
ST16 2RS
ENGLAND
Accountants
Mayden Group Limited
Chartered Certified Accountants
114-116 Manningham Lane
Bradford
West Yorkshire
BD8 7JF
MY SUB LTD
Statement of financial position
as at 30 November 2023
Intangible assets
9,011
10,012
Tangible assets
189,341
198,125
Cash at bank and in hand
42,499
31,185
Creditors: amounts falling due within one year
(175,923)
(179,215)
Net current liabilities
(87,033)
(104,497)
Total assets less current liabilities
111,319
103,640
Creditors: amounts falling due after more than one year
(56,109)
(75,403)
Called up share capital
100
100
Profit and loss account
55,110
28,137
Shareholders' funds
55,210
28,237
For the year ending 30 November 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 1 July 2024 and were signed on its behalf by
Rashpal Singh SANDHAR
Director
Company Registration No. 08696264
MY SUB LTD
Notes to the Accounts
for the year ended 30 November 2023
MY SUB LTD is a private company, limited by shares, registered in England and Wales, registration number 08696264. The registered office is 70 STONE ROAD, STAFFORD, ST16 2RS, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Land & buildings
10% reducing balance method
Plant & machinery
10% reducing balance method
Fixtures & fittings
(commercial) 20% Reducing balance (Residential) None
4
Intangible fixed assets
Goodwill
At 30 November 2023
20,600
At 30 November 2023
11,589
At 30 November 2022
10,012
MY SUB LTD
Notes to the Accounts
for the year ended 30 November 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
170,658
4,090
169,657
344,405
At 30 November 2023
170,658
4,090
170,656
345,404
At 1 December 2022
17,069
1,472
127,739
146,280
Charge for the year
1,535
523
7,725
9,783
At 30 November 2023
18,604
1,995
135,464
156,063
At 30 November 2023
152,054
2,095
35,192
189,341
At 30 November 2022
153,589
2,618
41,918
198,125
Amounts falling due within one year
Trade debtors
16,782
15,131
Other debtors
20,120
20,120
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
37,222
42,431
Trade creditors
21,190
21,372
Taxes and social security
9,442
5,814
Other creditors
21,389
21,389
Loans from directors
74,487
74,488
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 15 (2022: 15).