MYERSBOOKS LTD


Directors	MYERS, Aline Marie
	MYERS, Christopher Ian


Registered Address	Aros Y Wennol
	Llangolman
	Clynderwen
	SA66 7QL


Registered Number	07760397 (England and Wales)

Balance Sheet as at
31 August 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	4		237		1,288
			237		1,288
Current assets
Debtors		3,372		1,894
Cash at bank and on hand		3,266		11,169
		6,638		13,063
Creditors amounts falling due within one year	5	(5,238)		(11,505)
Net current assets (liabilities)			1,400		1,558
Total assets less current liabilities			1,637		2,846
Provisions for liabilities	6		(45)		(245)
Net assets			1,592		2,601
Capital and reserves
Called up share capital			20		20
Profit and loss account			1,572		2,581
Shareholders' funds			1,592		2,601

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 26 May 2025, and are signed on its behalf by:

MYERS, Christopher Ian
Director
Registered Company No. 07760397

MYERSBOOKS LTD

Notes to the Financial Statements
for the year ended 31 August 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in £ sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Deferred tax
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences. Current
and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is capitalised and has been amortised over its useful life of 3 years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:


		Straight line (years)
	Land and buildings	5
	Vehicles	5
	Office Equipment	5

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		2

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 September 23	1,500	1,500
At 31 August 24	1,500	1,500
Amortisation and impairment
At 01 September 23	1,500	1,500
At 31 August 24	1,500	1,500
Net book value
At 31 August 24	-	-
At 31 August 23	-	-

4.	Tangible fixed assets

	Vehicles	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 September 23	9,545	4,594	14,139
Disposals	(9,545)	(2,899)	(12,444)
At 31 August 24	-	1,695	1,695
Depreciation and impairment
At 01 September 23	9,545	3,306	12,851
Charge for year	-	89	89
On disposals	(9,545)	(1,937)	(11,482)
At 31 August 24	-	1,458	1,458
Net book value
At 31 August 24	-	237	237
At 31 August 23	-	1,288	1,288

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Taxation and social security	10	1,325
Other creditors	5,220	10,171
Accrued liabilities and deferred income	8	9
Total	5,238	11,505

6.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	45	245
Total	45	245