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Registration number: 13465948

MyTang Food Ltd

Annual Report and Unaudited Financial Statements

For The Year Ended 31 March 2025

 

MyTang Food Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

MyTang Food Ltd

(Registration number: 13465948)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

           

Fixed assets

   

 

Tangible assets

4

 

18,381

 

674

Current assets

   

 

Stocks

5

900

 

750

 

Debtors

6

317,938

 

377,091

 

Cash at bank and in hand

 

222,739

 

198,801

 

 

541,577

 

576,642

 

Creditors: Amounts falling due within one year

7

(56,993)

 

(181,752)

 

Net current assets

   

484,584

 

394,890

Net assets

   

502,965

 

395,564

Capital and reserves

   

 

Called up share capital

100

 

100

 

Profit and loss account

502,865

 

395,464

 

Total equity

   

502,965

 

395,564

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 August 2025
 

.........................................
Ms Mylinh Chiem
Director

 

MyTang Food Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 11 Fusion Court
Aberford Road
Garforth
Leeds
LS25 2GH

These financial statements were authorised for issue by the director on 21 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when, the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

MyTang Food Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

20% Straight Line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2024 - 6).

 

MyTang Food Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

4

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2024

-

1,274

1,274

Additions

23,950

-

23,950

At 31 March 2025

23,950

1,274

25,224

Depreciation

At 1 April 2024

-

600

600

Charge for the year

5,988

255

6,243

At 31 March 2025

5,988

855

6,843

Carrying amount

At 31 March 2025

17,962

419

18,381

At 31 March 2024

-

674

674

5

Stocks

2025
£

2024
£

Other inventories

900

750

6

Debtors

Current

2025
£

2024
£

Other debtors

317,938

377,091

 

317,938

377,091

Included within other debtors is an amount owed by the director of £235,801 (2024 £282,051). The company is charging interest on this loan. The Loan is unsecured and repayable on demand.

7

Creditors

2025
£

2024
£

Due within one year

Trade creditors

601

1,072

Taxation and social security

54,042

178,481

Other creditors

2,350

2,199

56,993

181,752