Company Registration No. 08897467 (England and Wales)
My Shopping Experience Limited
Unaudited accounts
for the year ended 29 February 2024
My Shopping Experience Limited
Unaudited accounts
Contents
My Shopping Experience Limited
Company Information
for the year ended 29 February 2024
Directors
Ms Maria Viader Coma
Mr Wilhelmus Johannes Petrus Verbeek
Company Number
08897467 (England and Wales)
Registered Office
Unit 6 30 Friern Park
London
N12 9DA
United Kingdom
My Shopping Experience Limited
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
3,644
3,005
Creditors: amounts falling due within one year
(2,182)
(2,579)
Net current assets
1,462
426
Total assets less current liabilities
2,429
426
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
2,243
424
Shareholders' funds
2,245
426
For the year ending 29 February 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by
Ms Maria Viader Coma
Director
Company Registration No. 08897467
My Shopping Experience Limited
Notes to the Accounts
for the year ended 29 February 2024
My Shopping Experience Limited is a private company, limited by shares, registered in England and Wales, registration number 08897467. The registered office is Unit 6 30 Friern Park, London, N12 9DA, United Kingdom.
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.
The accounts have been prepared on the going concern basis that assumes the continued support by the directors.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
My Shopping Experience Limited
Notes to the Accounts
for the year ended 29 February 2024
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:
Computer equipment
25% - straight line
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
566
285
Loans from directors
932
1,914
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).