Company Registration No. 10269094 (England and Wales)
MYLUTHIER LTD
Unaudited accounts
for the year ended 31 July 2024
MYLUTHIER LTD
Unaudited accounts
Contents
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
MYLUTHIER LTD
Statement of financial position
as at 31 July 2024
Tangible assets
12,126
13,173
Inventories
110,080
129,896
Cash at bank and in hand
270,051
266,453
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
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
MYLUTHIER LTD
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
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 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 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.
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
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
At 31 July 2024
7,694
3,708
724
12,126
At 31 July 2023
7,932
4,276
965
13,173
Amounts falling due within one year
Trade debtors
281,946
48,258
Accrued income and prepayments
14,988
5,723
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
Taxes and social security
51,586
45,319
Other creditors
111,121
172,041
Loans from directors
3,483
2,169
Deferred income
222,600
60,833
7
Creditors: amounts falling due after more than one year
2024
2023
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).