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REGISTERED NUMBER: 12879790 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MYLO24 LTD

MYLO24 LTD (REGISTERED NUMBER: 12879790)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MYLO24 LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Miss M Bhima
Mr R Braimah





REGISTERED OFFICE: Flat 161
Nyland Court
Naomi Street
London
SE8 5EX





REGISTERED NUMBER: 12879790 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

MYLO24 LTD (REGISTERED NUMBER: 12879790)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 751 1,500

CURRENT ASSETS
Debtors 5 23,084 37,472
Cash at bank 18,532 1,521
41,616 38,993
CREDITORS
Amounts falling due within one year 6 (52,217 ) (37,136 )
NET CURRENT (LIABILITIES)/ASSETS (10,601 ) 1,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,850

)

3,357

PROVISIONS FOR LIABILITIES 7 (175 ) (370 )
NET (LIABILITIES)/ASSETS (10,025 ) 2,987

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (10,026 ) 2,986
(10,025 ) 2,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

MYLO24 LTD (REGISTERED NUMBER: 12879790)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Comprehensive Income has not been delivered.

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





Mr R Braimah - Director


MYLO24 LTD (REGISTERED NUMBER: 12879790)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Mylo24 Ltd 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.

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 is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 33% on straight line

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MYLO24 LTD (REGISTERED NUMBER: 12879790)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 5,170
DEPRECIATION
At 1 October 2023 3,670
Charge for year 749
At 30 September 2024 4,419
NET BOOK VALUE
At 30 September 2024 751
At 30 September 2023 1,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,952 32,339
Other debtors 4,132 5,133
23,084 37,472

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 1,635
Trade creditors 8,327 142
Taxation and social security 42,290 31,562
Other creditors 1,600 3,797
52,217 37,136

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 175 370

Deferred
tax
£   
Balance at 1 October 2023 370
Capital allowances in advance
of depreciation (195 )
Balance at 30 September 2024 175

MYLO24 LTD (REGISTERED NUMBER: 12879790)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Miss M Bhima
Balance outstanding at start of year 5,133 11,229
Amounts advanced 2,066 -
Amounts repaid (5,133 ) (6,096 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,066 5,133

Mr R Braimah
Balance outstanding at start of year (736 ) 5,995
Amounts advanced 2,802 -
Amounts repaid - (6,731 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,066 (736 )