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REGISTERED NUMBER: 05629263 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

MYA SOFTWARE LTD

MYA SOFTWARE LTD (REGISTERED NUMBER: 05629263)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MYA SOFTWARE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr R Kachlon





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 05629263 (England and Wales)





ACCOUNTANTS: MGR SD Limited
55 Loudoun Road
London
NW8 0DL

MYA SOFTWARE LTD (REGISTERED NUMBER: 05629263)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,407 1,876

CURRENT ASSETS
Debtors 5 7,989 4,468
Investments 6 30,000 45,000
Cash at bank 3,286 11,115
41,275 60,583
CREDITORS
Amounts falling due within one year 7 (4,870 ) (15,117 )
NET CURRENT ASSETS 36,405 45,466
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,812

47,342

PROVISIONS FOR LIABILITIES 8 (267 ) (356 )
NET ASSETS 37,545 46,986

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 37,445 46,886
SHAREHOLDERS' FUNDS 37,545 46,986

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.

MYA SOFTWARE LTD (REGISTERED NUMBER: 05629263)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 16 August 2024 and were signed by:





Mr R Kachlon - Director


MYA SOFTWARE LTD (REGISTERED NUMBER: 05629263)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

MYA Software Ltd 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 represents net invoiced sales of services.

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 reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Current asset investments
Current asset investments are shown at the lower of cost and net realisable value.

3. EMPLOYEES AND DIRECTORS

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

MYA SOFTWARE LTD (REGISTERED NUMBER: 05629263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2022
and 30 November 2023 6,143
DEPRECIATION
At 1 December 2022 4,267
Charge for year 469
At 30 November 2023 4,736
NET BOOK VALUE
At 30 November 2023 1,407
At 30 November 2022 1,876

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 5,489 4,468
Prepayments and accrued income 2,500 -
7,989 4,468

6. CURRENT ASSET INVESTMENTS
30.11.23 30.11.22
£    £   
Other unlisted investments 30,000 45,000

The director consider the fair market value of the unlisted investments to be £30,000 at the year end.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 3,595 5,748
Other creditors 1,275 9,369
4,870 15,117

8. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax
Accelerated capital allowances 267 356

MYA SOFTWARE LTD (REGISTERED NUMBER: 05629263)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2022 356
Provided during year (89 )
Balance at 30 November 2023 267

9. PENSION COMMITMENTS

The company makes payments to a defined contribution pension scheme on behalf of the director. Amounts charged to the profit and loss account were £3,581 for the year (2022: £3,393). There were no outstanding contributions at the balance sheet date.