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REGISTERED NUMBER: 08633592 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Mylahore Birmingham Limited

Mylahore Birmingham Limited (Registered number: 08633592)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mylahore Birmingham Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A Ali
S Ahmed





SECRETARY:





REGISTERED OFFICE: Trust House
5 New Augustus Street
Bradford
West Yorkshire
BD1 5LL





REGISTERED NUMBER: 08633592 (England and Wales)





ACCOUNTANTS: Isaacs
Trust House
St James Business Park
5 New Augustus Street
Bradford
West Yorkshire
BD1 5LL

Mylahore Birmingham Limited (Registered number: 08633592)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 60,000 70,000
Tangible assets 5 215,481 279,214
275,481 349,214

CURRENT ASSETS
Stocks 9,418 13,850
Debtors 6 821,301 943,012
Cash at bank and in hand 40,347 66,735
871,066 1,023,597
CREDITORS
Amounts falling due within one year 7 643,090 951,388
NET CURRENT ASSETS 227,976 72,209
TOTAL ASSETS LESS CURRENT
LIABILITIES

503,457

421,423

PROVISIONS FOR LIABILITIES 46,951 64,248
NET ASSETS 456,506 357,175

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 455,506 356,175
SHAREHOLDERS' FUNDS 456,506 357,175

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 directors acknowledge their 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.

Mylahore Birmingham Limited (Registered number: 08633592)

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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





S Ahmed - Director


Mylahore Birmingham Limited (Registered number: 08633592)

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


1. STATUTORY INFORMATION

Mylahore Birmingham 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of fifteen years.

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.
Plant and machinery etc - 25% on reducing balance and 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Mylahore Birmingham Limited (Registered number: 08633592)

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 81 (2022 - 85 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 150,000
AMORTISATION
At 1 January 2023 80,000
Charge for year 10,000
At 31 December 2023 90,000
NET BOOK VALUE
At 31 December 2023 60,000
At 31 December 2022 70,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 5,029 703,353 708,382
Additions - 8,094 8,094
At 31 December 2023 5,029 711,447 716,476
DEPRECIATION
At 1 January 2023 2,012 427,156 429,168
Charge for year 754 71,073 71,827
At 31 December 2023 2,766 498,229 500,995
NET BOOK VALUE
At 31 December 2023 2,263 213,218 215,481
At 31 December 2022 3,017 276,197 279,214

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 139,996 80,037
Other debtors 658,305 839,975
798,301 920,012

Mylahore Birmingham Limited (Registered number: 08633592)

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


6. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Other debtors 23,000 23,000

Aggregate amounts 821,301 943,012

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,074 62,500
Trade creditors 250,359 219,010
Taxation and social security 380,110 641,746
Other creditors 7,547 28,132
643,090 951,388