Registered number
09746936
MISTO DESIGN HOUSE LTD
Filleted Accounts
31 March 2024
MISTO DESIGN HOUSE LTD
Registered number: 09746936
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,431 5,404
Current assets
Debtors 4 12,503 8,522
Investments held as current assets 5 1 1
Cash at bank and in hand 1,809 2,284
14,313 10,807
Creditors: amounts falling due within one year 6 (18,755) (6,032)
Net current (liabilities)/assets (4,442) 4,775
Net (liabilities)/assets (11) 10,179
Capital and reserves
Called up share capital 100 100
Profit and loss account (111) 10,079
Shareholders' funds (11) 10,179
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Gokhun Guneyhan
Director
Approved by the board on 15 November 2024
MISTO DESIGN HOUSE LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 18% Reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporationtax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment
£
Cost
At 1 April 2023 11,526
At 31 March 2024 11,526
Depreciation
At 1 April 2023 6,122
Charge for the year 973
At 31 March 2024 7,095
Net book value
At 31 March 2024 4,431
At 31 March 2023 5,404
4 Debtors 2024 2023
£ £
Trade debtors 5,458 1,586
Prepayments & other debtors 7,045 6,936
12,503 8,522
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 1 1
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 12,008 1,208
Taxation and social security costs 6,747 4,824
18,755 6,032
7 Other information
MISTO DESIGN HOUSE LTD is a private company limited by shares and incorporated in England. Its registered office is:
c/o Unit 4, Kinetica
13 Ramsgate Street
London
E8 2FD
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