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Company Registration No. 10991594 (England and Wales)
MYD ENTERPRISE LTD Unaudited accounts for the year ended 31 October 2024
MYD ENTERPRISE LTD Unaudited accounts Contents
Page
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MYD ENTERPRISE LTD Company Information for the year ended 31 October 2024
Director
Fred Namutulo
Company Number
10991594 (England and Wales)
Registered Office
Suite 4, Ground Floor Saturn Centre Ettingshall, Wolverhampton WV4 6JX
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MYD ENTERPRISE LTD Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,500 
1,500 
Tangible assets
1,823 
2,024 
Investments
42,675 
- 
45,998 
3,524 
Current assets
Debtors
1,205 
12,110 
Cash at bank and in hand
2,401 
38,043 
3,606 
50,153 
Creditors: amounts falling due within one year
(5,888)
(44,530)
Net current (liabilities)/assets
(2,282)
5,623 
Total assets less current liabilities
43,716 
9,147 
Creditors: amounts falling due after more than one year
(49,316)
- 
Net (liabilities)/assets
(5,600)
9,147 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(5,601)
9,146 
Shareholders' funds
(5,600)
9,147 
For the year ending 31 October 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 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 31 August 2025 and were signed on its behalf by
Fred Namutulo Director Company Registration No. 10991594
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MYD ENTERPRISE LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
MYD ENTERPRISE LTD is a private company, limited by shares, registered in England and Wales, registration number 10991594. The registered office is Suite 4, Ground Floor, Saturn Centre, Ettingshall, Wolverhampton, WV4 6JX.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2023
1,500 
At 31 October 2024
1,500 
Amortisation
At 1 November 2023
- 
At 31 October 2024
- 
Net book value
At 31 October 2024
1,500 
At 31 October 2023
1,500 
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MYD ENTERPRISE LTD Notes to the Accounts for the year ended 31 October 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
560 
800 
1,416 
2,776 
At 31 October 2024
560 
800 
1,416 
2,776 
Depreciation
At 1 November 2023
151 
217 
384 
752 
Charge for the year
40 
58 
103 
201 
At 31 October 2024
191 
275 
487 
953 
Net book value
At 31 October 2024
369 
525 
929 
1,823 
At 31 October 2023
409 
583 
1,032 
2,024 
6
Investments
Other investments 
£ 
Valuation at 1 November 2023
- 
Additions
42,675 
Valuation at 31 October 2024
42,675 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,205 
10,602 
Accrued income and prepayments
- 
1,508 
1,205 
12,110 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
49,316 
VAT
1,917 
1,609 
Trade creditors
3,971 
3,605 
Loans from directors
- 
(10,000)
5,888 
44,530 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
49,316 
- 
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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