Registered number
14032790
Myter Construction Ltd
Unaudited Filleted Accounts
30 April 2024
Myter Construction Ltd
Registered number: 14032790
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 27,745 39,071
Current assets
Cash at bank and in hand 4,390 3,734
Creditors: amounts falling due within one year 4 (5,070) (8,311)
Net current liabilities (680) (4,577)
Total assets less current liabilities 27,065 34,494
Creditors: amounts falling due after more than one year 5 (26,563) (33,131)
Net assets 502 1,363
Capital and reserves
Called up share capital 20 20
Profit and loss account 482 1,343
Shareholder's funds 502 1,363
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr. A E Tyrer Mr. D J Mitty
Director Director
Approved by the board on 22 January 2025 Approved by the board on 22 January 2025
Myter Construction Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "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.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less cumulative depreciation and any cumulative 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:
Motor Vehicles 15 % reducing balance method
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 current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
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 2 2
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 May 2023 43,686
Disposals (7,281)
At 30 April 2024 36,405
Depreciation
At 1 May 2023 4,615
Charge for the year 4,045
At 30 April 2024 8,660
Net book value
At 30 April 2024 27,745
At 30 April 2023 39,071
4 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 14,535 3,523
Other taxes and social security costs (8,945) -
Other creditors (520) 4,788
5,070 8,311
5 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 26,563 33,131
6 Other information
Myter Construction Ltd is a private company limited by shares and incorporated in England. Its registered office is:
7 Bramling cross
Longworth
Abingdon
OX13 5GA
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