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REGISTERED NUMBER: 04430633 (England and Wales)
















Financial Statements

for the Year Ended 30 April 2024

for

M Y A Consulting Limited

M Y A Consulting Limited (Registered number: 04430633)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


M Y A Consulting Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs C E McKenzie
B D Pitcher
M J Crowson
G P Panks





REGISTERED OFFICE: 701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT





REGISTERED NUMBER: 04430633 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
M Y A Consulting Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GCSD Accountants Limited


30 January 2025

M Y A Consulting Limited (Registered number: 04430633)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 53,311 58,044
53,311 58,044

CURRENT ASSETS
Debtors 6 346,175 431,785
Prepayments and accrued income 21,350 43,958
Cash at bank 168,283 230,323
535,808 706,066
CREDITORS
Amounts falling due within one year 7 323,745 383,992
NET CURRENT ASSETS 212,063 322,074
TOTAL ASSETS LESS CURRENT LIABILITIES 265,374 380,118

CREDITORS
Amounts falling due after more than one year 8 (158,662 ) (198,600 )

PROVISIONS FOR LIABILITIES (4,011 ) (4,600 )
NET ASSETS 102,701 176,918

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 102,601 176,818
SHAREHOLDERS' FUNDS 102,701 176,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

M Y A Consulting Limited (Registered number: 04430633)

Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





Mrs C E McKenzie - Director


M Y A Consulting Limited (Registered number: 04430633)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

M Y A Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Office equipment - 25% on reducing balance and Straight line over 3 years
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


M Y A Consulting Limited (Registered number: 04430633)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 75,000
AMORTISATION
At 1 May 2023
and 30 April 2024 75,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

M Y A Consulting Limited (Registered number: 04430633)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 May 2023 32,313 21,221 76,735 130,269
Additions 19,100 - - 19,100
Disposals (15,648 ) - - (15,648 )
At 30 April 2024 35,765 21,221 76,735 133,721
DEPRECIATION
At 1 May 2023 21,941 12,231 38,053 72,225
Charge for year 5,589 2,248 9,670 17,507
Eliminated on disposal (9,322 ) - - (9,322 )
At 30 April 2024 18,208 14,479 47,723 80,410
NET BOOK VALUE
At 30 April 2024 17,557 6,742 29,012 53,311
At 30 April 2023 10,372 8,990 38,682 58,044

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 May 2023 15,648 3,788 76,735 96,171
Additions 19,100 - - 19,100
Disposals (15,648 ) - - (15,648 )
At 30 April 2024 19,100 3,788 76,735 99,623
DEPRECIATION
At 1 May 2023 9,047 3,788 38,053 50,888
Charge for year 4,646 - 9,670 14,316
Eliminated on disposal (9,322 ) - - (9,322 )
At 30 April 2024 4,371 3,788 47,723 55,882
NET BOOK VALUE
At 30 April 2024 14,729 - 29,012 43,741
At 30 April 2023 6,601 - 38,682 45,283

M Y A Consulting Limited (Registered number: 04430633)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 217,671 286,134
Other debtors 128,504 145,651
346,175 431,785

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 63,738 58,083
Hire purchase contracts and finance leases 16,948 16,681
Trade creditors 52,256 92,672
Taxation and social security 75,454 70,316
Other creditors 115,349 146,240
323,745 383,992

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 115,934 148,602
Hire purchase contracts and finance leases 42,728 49,998
158,662 198,600

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 31,033 27,011

The director, Carla McKenzie, has provided a personal guarantee as security over the company's bank overdraft.

M Y A Consulting Limited (Registered number: 04430633)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mrs C E McKenzie and Mrs M B Young
Balance outstanding at start of year 141,640 112,891
Amounts advanced 160,377 163,034
Amounts repaid (189,811 ) (134,285 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 112,206 141,640

The directors' loan account balance at the year end will be repaid to the company on 28 January 2025.