IRIS Accounts Production v25.1.4.42 10998555 Board of Directors 1.11.23 31.10.24 31.10.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109985552023-10-31109985552024-10-31109985552023-11-012024-10-31109985552022-10-31109985552022-11-012023-10-31109985552023-10-3110998555ns15:EnglandWales2023-11-012024-10-3110998555ns14:PoundSterling2023-11-012024-10-3110998555ns10:Director12023-11-012024-10-3110998555ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3110998555ns10:SmallEntities2023-11-012024-10-3110998555ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3110998555ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3110998555ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3110998555ns10:FullAccounts2023-11-012024-10-3110998555ns10:OrdinaryShareClass12023-11-012024-10-3110998555ns10:Director22023-11-012024-10-3110998555ns10:RegisteredOffice2023-11-012024-10-3110998555ns5:CurrentFinancialInstruments2024-10-3110998555ns5:CurrentFinancialInstruments2023-10-3110998555ns5:Non-currentFinancialInstruments2024-10-3110998555ns5:Non-currentFinancialInstruments2023-10-3110998555ns5:ShareCapital2024-10-3110998555ns5:ShareCapital2023-10-3110998555ns5:RetainedEarningsAccumulatedLosses2024-10-3110998555ns5:RetainedEarningsAccumulatedLosses2023-10-3110998555ns5:MotorVehicles2023-11-012024-10-3110998555ns5:ComputerEquipment2023-11-012024-10-3110998555ns5:MotorVehicles2023-10-3110998555ns5:ComputerEquipment2023-10-3110998555ns5:MotorVehicles2024-10-3110998555ns5:ComputerEquipment2024-10-3110998555ns5:MotorVehicles2023-10-3110998555ns5:ComputerEquipment2023-10-3110998555ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3110998555ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3110998555ns10:OrdinaryShareClass12024-10-3110998555ns5:RetainedEarningsAccumulatedLosses2023-10-3110998555ns5:RetainedEarningsAccumulatedLosses2023-11-012024-10-31
REGISTERED NUMBER: 10998555 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

MYTOGS LIMITED

MYTOGS LIMITED (REGISTERED NUMBER: 10998555)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MYTOGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mr A M A Adesanya
Ms F C Adesanya





REGISTERED OFFICE: 137 Gilders Road
Chessington
KT9 2EB





REGISTERED NUMBER: 10998555 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

MYTOGS LIMITED (REGISTERED NUMBER: 10998555)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,880 84,649

CURRENT ASSETS
Debtors 5 4,098 246
Cash at bank and in hand 1,241 1,422
5,339 1,668
CREDITORS
Amounts falling due within one year 6 110,101 120,888
NET CURRENT LIABILITIES (104,762 ) (119,220 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(28,882

)

(34,571

)

CREDITORS
Amounts falling due after more than one year 7 6,870 7,466
NET LIABILITIES (35,752 ) (42,037 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (35,852 ) (42,137 )
SHAREHOLDERS' FUNDS (35,752 ) (42,037 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

MYTOGS LIMITED (REGISTERED NUMBER: 10998555)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:





Mr A M A Adesanya - Director


MYTOGS LIMITED (REGISTERED NUMBER: 10998555)

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


1. STATUTORY INFORMATION

Mytogs Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
In preparing the financial statements, the directors are required to make estimates and judgments about the carrying amounts of assets and liabilities. The estimates and assumptions are reviewed on an ongoing basis and are based on historical experience and other factors that are considered by the directors to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 10% on reducing balance
Office equipment - 25% on reducing balance

MYTOGS LIMITED (REGISTERED NUMBER: 10998555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognized in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortized cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortized.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies that are classified as debt, are initially recognized at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortized.

Debt instruments are subsequently carried at amortized cost, using the effective interest rate method.

GOING CONCERN
The company's balance sheet shows a net deficit shareholders fund position. However, the directors' have received the confirmation from the shareholders of their continued financial support for the foreseeable future and for at least twelve months from the date of signature of these accounts.

3. EMPLOYEES AND DIRECTORS

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

MYTOGS LIMITED (REGISTERED NUMBER: 10998555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
Cost
At 1 November 2023
and 31 October 2024 107,968 6,294 114,262
Depreciation
At 1 November 2023 25,342 4,271 29,613
Charge for year 8,263 506 8,769
At 31 October 2024 33,605 4,777 38,382
Net book value
At 31 October 2024 74,363 1,517 75,880
At 31 October 2023 82,626 2,023 84,649

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,000 246
Other debtors 98 -
4,098 246

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,323 1,323
Trade creditors 5 22
Other creditors 108,773 119,543
110,101 120,888

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 6,870 7,466

MYTOGS LIMITED (REGISTERED NUMBER: 10998555)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 November 2023 (42,137 )
Profit for the year 6,285
At 31 October 2024 (35,852 )