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Registered number: 13133250
Mykor Ltd
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13133250
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,094 -
Tangible Assets 5 28,882 25,927
30,976 25,927
CURRENT ASSETS
Debtors 6 910,459 548,517
Cash at bank and in hand 289,767 17,536
1,200,226 566,053
Creditors: Amounts Falling Due Within One Year 7 (16,530 ) (29,691 )
NET CURRENT ASSETS (LIABILITIES) 1,183,696 536,362
TOTAL ASSETS LESS CURRENT LIABILITIES 1,214,672 562,289
NET ASSETS 1,214,672 562,289
CAPITAL AND RESERVES
Called up share capital 8 144 144
Share premium account 1,737,671 827,406
Profit and Loss Account (523,143 ) (265,261 )
SHAREHOLDERS' FUNDS 1,214,672 562,289
For the year ending 31 December 2024 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Valentina Dipietro
Director
Ms Olivia Page
Director
20/08/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Mykor Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13133250 . The registered office is Unit 44 Station Road Workshops, Station Road, Kingswood, Bristol, BS15 4PJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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 is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Trademarks are amortised evenly over their estimated useful life.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office Equipment 25% reducing balance basis
Plant & Machinery 25% reducing balance basis
Computer Equipment 25% reducing balance basis
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 4)
6 4
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 -
Additions 2,094
As at 31 December 2024 2,094
Net Book Value
As at 31 December 2024 2,094
As at 1 January 2024 -
Page 2
Page 3
5. Tangible Assets
Office Equipment Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 3,257 21,896 4,397 29,550
Additions 92 7,071 3,675 10,838
As at 31 December 2024 3,349 28,967 8,072 40,388
Depreciation
As at 1 January 2024 481 1,905 1,237 3,623
Provided during the period 710 5,657 1,516 7,883
As at 31 December 2024 1,191 7,562 2,753 11,506
Net Book Value
As at 31 December 2024 2,158 21,405 5,319 28,882
As at 1 January 2024 2,776 19,991 3,160 25,927
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 3,543 3,543
Other debtors 1,576 -
VAT 21,519 8,141
26,638 11,684
Due after more than one year
Amounts owed by subsidiaries 883,821 536,833
910,459 548,517
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11 44
Other taxes and social security 4,137 3,249
Other creditors 1,456 1,080
Accruals and deferred income 292 550
Directors' loan accounts 10,634 24,768
16,530 29,691
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 144 144
Page 3