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Company Registration No. 11874105 (England and Wales)
Myto Motors Limited Unaudited accounts for the year ended 31 March 2025
Myto Motors Limited Unaudited accounts Contents
Page
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Myto Motors Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
654 
262 
Current assets
Cash at bank and in hand
310 
2,490 
Creditors: amounts falling due within one year
(5,671)
(1,821)
Net current (liabilities)/assets
(5,361)
669 
Total assets less current liabilities
(4,707)
931 
Creditors: amounts falling due after more than one year
(2,250)
(3,900)
Net liabilities
(6,957)
(2,969)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(7,057)
(3,069)
Shareholders' funds
(6,957)
(2,969)
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 June 2025 and were signed on its behalf by
Ian Edwards Director Company Registration No. 11874105
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Myto Motors Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Myto Motors Limited is a private company, limited by shares, registered in England and Wales, registration number 11874105. The registered office is 13 Guildford Road, Hayle, Cornwall, TR27 4PW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2024
319 
Additions
548 
At 31 March 2025
867 
Depreciation
At 1 April 2024
57 
Charge for the year
156 
At 31 March 2025
213 
Net book value
At 31 March 2025
654 
At 31 March 2024
262 
5
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Loans from directors
5,421 
1,421 
Accruals
250 
400 
5,671 
1,821 
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Myto Motors Limited Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
2,250 
3,900 
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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