Company No:
Contents
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Restated - note 2 | ||||
| Fixed assets | ||||
| Tangible assets | 4 |
|
|
|
| 2,038 | 767 | |||
| Current assets | ||||
| Stocks | 5 |
|
|
|
| Debtors | ||||
| - due within one year | 6 |
|
|
|
| - due after more than one year | 6 |
|
|
|
| Cash at bank and in hand |
|
|
||
| 1,292,381 | 1,165,133 | |||
| Creditors: amounts falling due within one year | 7 | (
|
(
|
|
| Net current assets | 1,123,600 | 569,035 | ||
| Total assets less current liabilities | 1,125,638 | 569,802 | ||
| Creditors: amounts falling due after more than one year | 8 | (
|
(
|
|
| Net assets |
|
|
||
| Capital and reserves | ||||
| Called-up share capital | 9 |
|
|
|
| Profit and loss account |
|
|
||
| Total shareholders' funds |
|
|
Directors' responsibilities:
The financial statements of My Sunday Ski Limited (registered number:
|
C L Easton
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
My Sunday Ski Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 14 Hazlebury Road, London, SW6 2NB, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date
| Computer equipment |
|
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
Adjustment 1 - Prior year accounts restated to include the corporation tax provision.
Adjustment 2 - Prior year accounts restated to reduce the amount of dividends voted in the year.
Adjustment 3 - Prior year accounts restated to reduce the value of closing stock.
| As previously reported | Adjustment | As restated | ||||
| Year ended 01 April 2024 | £ | £ | £ | |||
| 1. Corporation tax provision in P&L | 0 | 119,216 | 119,216 | |||
| 1. Corporation Taxation | 0 | (119,216) | (119,216) | |||
| 2. Dividends Voted | 282,720 | (129,700) | 153,020 | |||
| 2. Retained Earnings | (577,144) | 129,700 | (447,444) | |||
| 3. Closing Stock in Cost of Sales | (610,000) | 140,926 | (469,074) | |||
| 3. Stock Held in Balance Sheet | 610,000 | (140,926) | 469,074 |
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
|
|
| Computer equipment | Total | ||
| £ | £ | ||
| Cost | |||
| At 02 April 2024 |
|
|
|
| Additions |
|
|
|
| At 01 April 2025 |
|
|
|
| Accumulated depreciation | |||
| At 02 April 2024 |
|
|
|
| Charge for the financial year |
|
|
|
| At 01 April 2025 |
|
|
|
| Net book value | |||
| At 01 April 2025 | 2,038 | 2,038 | |
| At 01 April 2024 | 767 | 767 |
| 2025 | 2024 | ||
| £ | £ | ||
| Stocks |
|
|
| 2025 | 2024 | ||
| £ | £ | ||
| Debtors: amounts falling due within one year | |||
| Other debtors |
|
|
|
| Debtors: amounts falling due after more than one year | |||
| Trade debtors |
|
|
|
| Other debtors |
|
|
|
|
|
|
| 2025 | 2024 | ||
| £ | £ | ||
| Bank loans |
|
|
|
| Amounts owed to directors |
|
|
|
| Other loans |
|
|
|
| Accruals |
|
(
|
|
| Corporation tax |
|
|
|
| Other taxation and social security |
|
|
|
| Other creditors |
|
|
|
|
|
|
| 2025 | 2024 | ||
| £ | £ | ||
| Bank loans |
|
|
|
| Other creditors |
|
|
|
|
|
|
| 2025 | 2024 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
|
|
|
|