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Company Registration No. 10269094 (England and Wales)
MYLUTHIER LTD Unaudited accounts for the year ended 31 July 2024
MYLUTHIER LTD Unaudited accounts Contents
Page
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MYLUTHIER LTD Company Information for the year ended 31 July 2024
Directors
Pedro Da Silva Ariel Lang
Company Number
10269094 (England and Wales)
Registered Office
71-75 SHELTON STREET LONDON WC2H 9JQ ENGLAND
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
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MYLUTHIER LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,126 
13,173 
Current assets
Inventories
110,080 
129,896 
Debtors
308,103 
61,981 
Cash at bank and in hand
270,051 
266,453 
688,234 
458,330 
Creditors: amounts falling due within one year
(462,502)
(286,109)
Net current assets
225,732 
172,221 
Total assets less current liabilities
237,858 
185,394 
Creditors: amounts falling due after more than one year
(13,970)
(16,533)
Net assets
223,888 
168,861 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
223,887 
168,860 
Shareholders' funds
223,888 
168,861 
For the year ending 31 July 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 27 January 2025 and were signed on its behalf by
Ariel Lang Director Company Registration No. 10269094
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MYLUTHIER LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
MYLUTHIER LTD is a private company, limited by shares, registered in England and Wales, registration number 10269094. The registered office is 71-75 SHELTON STREET, LONDON, WC2H 9JQ, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25% Reducing Balance
Computer equipment
25% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover
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.
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MYLUTHIER LTD Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
9,927 
4,930 
1,127 
15,984 
Additions
1,879 
551 
- 
2,430 
At 31 July 2024
11,806 
5,481 
1,127 
18,414 
Depreciation
At 1 August 2023
1,995 
654 
162 
2,811 
Charge for the year
2,117 
1,119 
241 
3,477 
At 31 July 2024
4,112 
1,773 
403 
6,288 
Net book value
At 31 July 2024
7,694 
3,708 
724 
12,126 
At 31 July 2023
7,932 
4,276 
965 
13,173 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
281,946 
48,258 
Accrued income and prepayments
14,988 
5,723 
296,934 
53,981 
Amounts falling due after more than one year
Accrued income and prepayments
11,169 
8,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,576 
2,576 
Trade creditors
71,136 
- 
Taxes and social security
51,586 
45,319 
Other creditors
111,121 
172,041 
Loans from directors
3,483 
2,169 
Accruals
- 
3,171 
Deferred income
222,600 
60,833 
462,502 
286,109 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,970 
16,533 
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MYLUTHIER LTD Notes to the Accounts for the year ended 31 July 2024
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 July 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
41,288 
70,668 
9
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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