Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-312025-05-08The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.232023-09-01falseNo description of principal activity18falsetruefalse 04547246 2023-09-01 2024-08-31 04547246 2024-08-31 04547246 2022-09-01 2023-08-31 04547246 2023-08-31 04547246 c:CompanySecretary1 2023-09-01 2024-08-31 04547246 c:Director1 2023-09-01 2024-08-31 04547246 c:RegisteredOffice 2023-09-01 2024-08-31 04547246 d:PlantMachinery 2023-09-01 2024-08-31 04547246 d:PlantMachinery 2024-08-31 04547246 d:PlantMachinery 2023-08-31 04547246 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04547246 d:FurnitureFittings 2023-09-01 2024-08-31 04547246 d:FurnitureFittings 2024-08-31 04547246 d:FurnitureFittings 2023-08-31 04547246 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04547246 d:OfficeEquipment 2023-09-01 2024-08-31 04547246 d:OfficeEquipment 2024-08-31 04547246 d:OfficeEquipment 2023-08-31 04547246 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04547246 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04547246 d:ComputerSoftware 2024-08-31 04547246 d:ComputerSoftware 2023-08-31 04547246 d:CurrentFinancialInstruments 2024-08-31 04547246 d:CurrentFinancialInstruments 2023-08-31 04547246 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 04547246 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 04547246 d:ShareCapital 2024-08-31 04547246 d:ShareCapital 2023-08-31 04547246 d:RetainedEarningsAccumulatedLosses 2024-08-31 04547246 d:RetainedEarningsAccumulatedLosses 2023-08-31 04547246 c:FRS102 2023-09-01 2024-08-31 04547246 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04547246 c:FullAccounts 2023-09-01 2024-08-31 04547246 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04547246 d:ComputerSoftware d:InternallyGeneratedIntangibleAssets 2023-09-01 2024-08-31 04547246 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Company registration number: 04547246







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2024


MYF TRAINING LIMITED






































img6c5a.png                        

 


MYF TRAINING LIMITED
 


 
COMPANY INFORMATION


Director
J E Ouston 




Company secretary
N P Moxon



Registered number
04547246



Registered office
78-82 Victoria Road

Aldershot

Hampshire

GU11 1SS




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


MYF TRAINING LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


MYF TRAINING LIMITED
REGISTERED NUMBER:04547246



STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
75,185
-

Tangible assets
 5 
29,229
37,512

  
104,414
37,512

Current assets
  

Debtors: amounts falling due within one year
 6 
815,570
810,564

Bank and cash balances
  
373,994
296,720

  
1,189,564
1,107,284

Creditors: amounts falling due within one year
 7 
(199,543)
(186,337)

Net current assets
  
 
 
990,021
 
 
920,947

Total assets less current liabilities
  
1,094,435
958,459

  

Net assets
  
1,094,435
958,459


Capital and reserves
  

Called up share capital 
  
250
250

Profit and loss account
  
1,094,185
958,209

  
1,094,435
958,459


Page 1

 


MYF TRAINING LIMITED
REGISTERED NUMBER:04547246


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
J E Ouston
Director

Date: 8 May 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


MYF TRAINING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

MYF Training Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and principal place of business is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 


MYF TRAINING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight-line
Fixtures and fittings
-
25%
straight-line
Office equipment
-
33%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 23 (2023 - 18).


4.


Intangible assets




Computer software

£



Cost


Additions
75,185



At 31 August 2024

75,185






Net book value



At 31 August 2024
75,185



At 31 August 2023
-



Page 4

 


MYF TRAINING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2023
43,139
160,107
128,931
332,177


Additions
-
8,882
5,229
14,111



At 31 August 2024

43,139
168,989
134,160
346,288



Depreciation


At 1 September 2023
36,359
159,525
98,781
294,665


Charge for the year 
3,188
1,379
17,827
22,394



At 31 August 2024

39,547
160,904
116,608
317,059



Net book value



At 31 August 2024
3,592
8,085
17,552
29,229



At 31 August 2023
6,780
582
30,150
37,512

Page 5

 


MYF TRAINING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Debtors

2024
2023
£
£


Trade debtors
12,823
17,189

Other debtors
732,771
730,254

Prepayments and accrued income
69,976
63,121

815,570
810,564



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
45,576
47,453

Corporation tax
25,722
36,531

Other taxation and social security
23,228
24,566

Other creditors
11,388
6,543

Accruals and deferred income
93,629
71,244

199,543
186,337



8.


Related party transactions

Within other creditors is the balance due to the director of £2,015 (2023 - £2,015)

 
Page 6