Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 27 September 2021 false 1 January 2023 31 December 2023 31 December 2023 13644675 Miss H C Oldfield iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13644675 2022-12-31 13644675 2023-12-31 13644675 2023-01-01 2023-12-31 13644675 frs-core:CurrentFinancialInstruments 2023-12-31 13644675 frs-core:ShareCapital 2023-12-31 13644675 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13644675 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13644675 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13644675 frs-bus:SmallEntities 2023-01-01 2023-12-31 13644675 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13644675 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13644675 frs-bus:Director1 2023-01-01 2023-12-31 13644675 frs-countries:EnglandWales 2023-01-01 2023-12-31 13644675 2021-09-26 13644675 2022-12-31 13644675 2021-09-27 2022-12-31 13644675 frs-core:CurrentFinancialInstruments 2022-12-31 13644675 frs-core:ShareCapital 2022-12-31 13644675 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 13644675 frs-core:CurrentFinancialInstruments 1 2022-12-31 13644675 frs-core:CurrentFinancialInstruments 2 2022-12-31
Registered number: 13644675
Meyvn Group Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Goldwyns London LLP
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 13644675
31 December 2023 31 December 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 20,602 17,400
Cash at bank and in hand 124,427 88,237
145,029 105,637
Creditors: Amounts Falling Due Within One Year 5 (119,048 ) (71,490 )
NET CURRENT ASSETS (LIABILITIES) 25,981 34,147
TOTAL ASSETS LESS CURRENT LIABILITIES 25,981 34,147
NET ASSETS 25,981 34,147
CAPITAL AND RESERVES
Called up share capital 6 100 100
Income Statement 25,881 34,047
SHAREHOLDERS' FUNDS 25,981 34,147
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Miss H C Oldfield
Director
06/09/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Meyvn Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13644675 . The registered office is C/O Goldwyns London LLP, No.1 Royal Exchange, London, EC3V 3DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are prepared in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged her financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. 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.
2.5. Pensions
The company contributes directly to the director's personal pension plans. These amounts are recognised in the income statement as and when they are paid into the director's pension scheme.
2.6. Financial Instruments
The company only enters into basic financial transactions that result in the recoginition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other parties, loans to related parties and investments in non- puttable ordinary shares.
2.7. Cash And Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2.8. Critical Accounting Judgements And Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
Page 2
Page 3
4. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 20,602 17,400
5. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 3,639 228
Corporation tax 18,093 17,850
VAT 14,352 6,597
Net Wages - 758
Other creditors - 37,972
Accruals and deferred income 538 -
Director's loan account 82,426 8,085
119,048 71,490
6. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 100 100
The nominal value per share is £1 and as at the year-end there are 100 Ordinary shares in issue.
Page 3