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REGISTERED NUMBER: 06602345 (England and Wales)















MyTinyWorld Limited

Unaudited Financial Statements

for the Year Ended 31st May 2024






MyTinyWorld Limited (Registered number: 06602345)






Contents of the Financial Statements
for the year ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


MyTinyWorld Limited

Company Information
for the year ended 31st May 2024







DIRECTORS: P J Duckett
Mrs T Basketfield





SECRETARY: C Owen





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





BUSINESS ADDRESS: Heyford Grange
Furnace Lane
Watling Street
Weedon Bec
Northamptonshire
NN7 4SB





REGISTERED NUMBER: 06602345 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

MyTinyWorld Limited (Registered number: 06602345)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 1,136 1,499
1,136 1,499

CURRENT ASSETS
Stocks 35,000 35,000
Debtors 7 39,275 17,600
Cash at bank 2,053 38,941
76,328 91,541
CREDITORS
Amounts falling due within one year 8 111,676 108,473
NET CURRENT LIABILITIES (35,348 ) (16,932 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(34,212

)

(15,433

)

CREDITORS
Amounts falling due after more than one
year

9

8,119

16,766
NET LIABILITIES (42,331 ) (32,199 )

CAPITAL AND RESERVES
Called up share capital 12 404 404
Share premium 3,988 3,988
Retained earnings (46,723 ) (36,591 )
SHAREHOLDERS' FUNDS (42,331 ) (32,199 )

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th February 2025 and were signed on its behalf by:



P J Duckett - Director


MyTinyWorld Limited (Registered number: 06602345)

Notes to the Financial Statements
for the year ended 31st May 2024

1. STATUTORY INFORMATION

MyTinyWorld 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.

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


The principle activity of the company is the sale of dolls houses and furniture.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 2008, 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

MyTinyWorld Limited (Registered number: 06602345)

Notes to the Financial Statements - continued
for the year ended 31st May 2024

3. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
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.

Going concern
These financial statements have been prepared on the going concern basis as the company meets its day to day working capital requirement through the support of its directors, who have confirmed their continuing support for a period of twelve months following approval of these financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2023
and 31st May 2024 50,000
AMORTISATION
At 1st June 2023
and 31st May 2024 50,000
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 -

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st June 2023
and 31st May 2024 36,529 5,299 41,828
DEPRECIATION
At 1st June 2023 35,141 5,188 40,329
Charge for year 339 24 363
At 31st May 2024 35,480 5,212 40,692
NET BOOK VALUE
At 31st May 2024 1,049 87 1,136
At 31st May 2023 1,388 111 1,499

MyTinyWorld Limited (Registered number: 06602345)

Notes to the Financial Statements - continued
for the year ended 31st May 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 39,275 17,600

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 15,426 8,434
Trade creditors 7,167 3,915
Taxation and social security 5,988 12,996
Other creditors 83,095 83,128
111,676 108,473

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 10) 8,119 16,766

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 6,779 -
Bank loans 8,647 8,434
15,426 8,434

Amounts falling due between one and two years:
Bank loans - 1-2 years 8,119 8,647

Amounts falling due between two and five years:
Bank loans - 2-5 years - 8,119

11. DEFERRED TAX
£   
Balance at 1st June 2023 (17,600 )
Provided during year 700
Balance at 31st May 2024 (16,900 )

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 204 204
200 Ordinary B £1 200 200
404 404

MyTinyWorld Limited (Registered number: 06602345)

Notes to the Financial Statements - continued
for the year ended 31st May 2024

13. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st May 2024 or 31st May 2023.

14. CAPITAL COMMITMENTS

There were no capital commitments as at 31st May 2024 or 31st May 2023.