Company Registration No. 10755790 (England and Wales)
MOST CAPABLE LTD
Unaudited accounts
for the year ended 31 May 2024
MOST CAPABLE LTD
Unaudited accounts
Contents
MOST CAPABLE LTD
Company Information
for the year ended 31 May 2024
Directors
D Tshulak
K Tshulak
Company Number
10755790 (England and Wales)
Registered Office
FLAT 5, HIGHCROFT
NORTH HILL
LONDON
N6 4RD
Accountants
Rhian Davies FCA
RM Accountants
7 Yr Hen Farchnad
Llandeilo
SA19 6BJ
MOST CAPABLE LTD
Statement of financial position
as at 31 May 2024
Tangible assets
477,000
477,000
Cash at bank and in hand
8,060
3,202
Creditors: amounts falling due within one year
(114,445)
(113,948)
Net current liabilities
(106,385)
(110,746)
Total assets less current liabilities
370,615
366,254
Creditors: amounts falling due after more than one year
(306,663)
(306,663)
Called up share capital
2
2
Revaluation reserve
74,459
74,459
Profit and loss account
(10,509)
(14,870)
Shareholders' funds
63,952
59,591
For the year ending 31 May 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 24 February 2025 and were signed on its behalf by
D Tshulak
Director
Company Registration No. 10755790
MOST CAPABLE LTD
Notes to the Accounts
for the year ended 31 May 2024
MOST CAPABLE LTD is a private company, limited by shares, registered in England and Wales, registration number 10755790. The registered office is FLAT 5, HIGHCROFT, NORTH HILL, LONDON, N6 4RD.
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. The company has decided to change its depreciation policy on Land and Buildings - it will no longer depreciate Land and Buildings and will instead use the revaluation model. The property's value will be re assessed annually.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
Fixtures & fittings
3 years Straight Line
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2023
477,000
1,973
478,973
At 31 May 2024
477,000
1,973
478,973
At 1 June 2023
-
1,973
1,973
At 31 May 2024
-
1,973
1,973
At 31 May 2024
477,000
-
477,000
At 31 May 2023
477,000
-
477,000
5
Creditors: amounts falling due within one year
2024
2023
Other creditors
114,445
113,948
MOST CAPABLE LTD
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
306,663
306,663
7
Transactions with related parties
Included in Other Creditors is a loan of £14,800 (2023: £14,800) from a company in which the director, D. Tshulak, owned 100% of the share capital. The company transferred the debt to D. Tshulak as part of its winding up arrangement.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).