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Registration number: 13611218

Mycargoes Ltd

Filleted Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Mycargoes Ltd
(Registration number: 13611218)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Mycargoes Ltd
(Registration number: 13611218)

Company Information

Director

Mr Martin Barry Marks

Registered office

1 Colleton Crescent
Exeter
Devon
EX2 4DG

Accountants

Thompson Jenner LLP
Chartered Accountants
1 Colleton Crescent
Exeter
Devon
EX2 4DG

 

Mycargoes Ltd
(Registration number: 13611218)

Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

11,940

11,940

Current assets

 

Cash at bank and in hand

 

8,238

52

Creditors: Amounts falling due within one year

5

(24,596)

(15,210)

Net current liabilities

 

(16,358)

(15,158)

Net liabilities

 

(4,418)

(3,218)

Capital and reserves

 

Called up share capital

20

20

Profit and loss account

(4,438)

(3,238)

Total equity

 

(4,418)

(3,218)

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 18 November 2024
 

.........................................
Mr Martin Barry Marks
Director

 

Mycargoes Ltd
(Registration number: 13611218)

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Colleton Crescent
Exeter
Devon
EX2 4DG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The director has acknowledged the negative reserves at the balance sheet date, and pledged to continue to support the company so it can meet its liabilities as they arise. Therefore the accounts have been prepared on a going concern basis.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Software

10% Straightline method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Mycargoes Ltd
(Registration number: 13611218)

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

Mycargoes Ltd
(Registration number: 13611218)

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 October 2022

11,940

11,940

At 30 September 2023

11,940

11,940

Amortisation

Carrying amount

At 30 September 2023

11,940

11,940

At 30 September 2022

11,940

11,940

5

Creditors

2023
£

2022
£

Due within one year

Other creditors

22,796

14,610

Accrued expenses

1,800

600

24,596

15,210