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REGISTERED NUMBER: 11979212 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

S Myers Limited

S Myers Limited (Registered number: 11979212)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


S Myers Limited (Registered number: 11979212)

Abridged Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 458 600

CURRENT ASSETS
Debtors 24,384 24,978
Cash at bank 9,838 14,129
34,222 39,107
CREDITORS
Amounts falling due within one year 13,419 11,544
NET CURRENT ASSETS 20,803 27,563
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,261

28,163

CREDITORS
Amounts falling due after more than one
year

5

19,896

23,810
NET ASSETS 1,365 4,353

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 365 3,353
SHAREHOLDERS' FUNDS 1,365 4,353

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

S Myers Limited (Registered number: 11979212)

Abridged Balance Sheet - continued
31 May 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 February 2025 and were signed on its behalf by:





Mr S Myers - Director


S Myers Limited (Registered number: 11979212)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

S Myers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11979212

Registered office: 66 Sandpiper Road
Lordswood
Southampton
Hampshire
SO16 8FF

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 15% on reducing balance

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include debtors and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method. Financial liabilities classified as payable within one year are not amortised.

Taxation
Taxation for the year comprises current 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 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.

S Myers Limited (Registered number: 11979212)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 1,665
DEPRECIATION
At 1 June 2023 1,065
Charge for year 142
At 31 May 2024 1,207
NET BOOK VALUE
At 31 May 2024 458
At 31 May 2023 600

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 4,240 8,154

6. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,914 3,588

Amounts falling due between one and two years:
Bank loans - 1-2 years 15,656 15,656

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,240 8,154

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary 0.1 1,000 1,000

S Myers Limited (Registered number: 11979212)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr S Myers
Balance outstanding at start of year 7,945 12,921
Amounts advanced 34,317 26,985
Amounts repaid (33,769 ) (31,961 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,493 7,945

Mrs K Myers
Balance outstanding at start of year 7,026 11,785
Amounts advanced 30,868 23,743
Amounts repaid (30,535 ) (28,502 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,359 7,026