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REGISTERED NUMBER: 08821036 (England and Wales)














Financial Statements for the Year Ended 31 December 2024

for

MylesIT Limited

MylesIT Limited (Registered number: 08821036)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MylesIT Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr A Doherty





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 08821036 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

MylesIT Limited (Registered number: 08821036)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,741 2,966

CURRENT ASSETS
Debtors 5 90,000 90,000
Cash at bank 13,813 8,614
103,813 98,614
CREDITORS
Amounts falling due within one year 6 27,786 36,520
NET CURRENT ASSETS 76,027 62,094
TOTAL ASSETS LESS CURRENT LIABILITIES 78,768 65,060

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 78,766 65,058
SHAREHOLDERS' FUNDS 78,768 65,060

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MylesIT Limited (Registered number: 08821036)

Statement of Financial Position - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 February 2025 and were signed by:





Mr A Doherty - Director


MylesIT Limited (Registered number: 08821036)

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

1. STATUTORY INFORMATION

MylesIT Limited is a private company, limited by shares, registered in the UK. 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.

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

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 statement of financial position date.

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 1 (2023 - 1 ) .

MylesIT Limited (Registered number: 08821036)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 320 9,442 9,762
Additions - 668 668
At 31 December 2024 320 10,110 10,430
DEPRECIATION
At 1 January 2024 165 6,631 6,796
Charge for year 23 870 893
At 31 December 2024 188 7,501 7,689
NET BOOK VALUE
At 31 December 2024 132 2,609 2,741
At 31 December 2023 155 2,811 2,966

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by group undertakings 90,000 90,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Taxation and social security 27,473 35,831
Other creditors 313 689
27,786 36,520

7. RELATED PARTY DISCLOSURES

The Director Mr A Doherty is considered to be key management personnel.