Mylbrook Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05430747

Mylbrook Limited

Filleted Unaudited Financial Statements

31 December 2024

Mylbrook Limited

Financial Statements

Period from 1st February 2024 to 31st December 2024

Contents	Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Mylbrook Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Mylbrook Limited

Period from 1st February 2024 to 31st December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mylbrook Limited for the period ended 31st December 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.

BROOKS & CO. Chartered Accountants

9 Cheam Road Ewell Epsom Surrey KT17 1SP

30 September 2025

Mylbrook Limited

Statement of Financial Position

31 December 2024

	31 Dec 24	31 Jan 24
Note	£	£

Fixed assets

Tangible assets	5	37,679	67,950

Current assets

Stocks		911,597	772,395
Debtors	6	493,196	214,619
Cash at bank and in hand		8,977	57,484
		------------	------------
		1,413,770	1,044,498

Creditors: amounts falling due within one year	7	925,637	569,895
		------------	------------
Net current assets		488,133	474,603
		---------	---------
Total assets less current liabilities		525,812	542,553

Creditors: amounts falling due after more than one year	8	55,000	82,500
		---------	---------
Net assets		470,812	460,053
		---------	---------

Capital and reserves

Called up share capital	200	200
Profit and loss account	470,612	459,853
	---------	---------
Shareholders funds	470,812	460,053
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31st December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Mylbrook Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mr D P Rance

Director

Company registration number: 05430747

Mylbrook Limited

Notes to the Financial Statements

Period from 1st February 2024 to 31st December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9 Cheam Road, Ewell, Epsom, KT17 1SP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Plant & Machinery	-	25% straight line
Fixtures & Fitting	-	25% straight line
Motor Vehicle	-	25% straight line
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 4 (2024: 4 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Feb 2024	33,975	13,190	21,672	58,105	5,684	132,626
Disposals	–	–	–	( 58,105)	–	( 58,105)
	--------	--------	--------	--------	-------	---------
At 31 Dec 2024	33,975	13,190	21,672	–	5,684	74,521
	--------	--------	--------	--------	-------	---------
Depreciation
At 1 Feb 2024	1,186	10,328	20,631	29,053	3,478	64,676
Charge for the period	396	258	21	–	544	1,219
Disposals	–	–	–	( 29,053)	–	( 29,053)
	--------	--------	--------	--------	-------	---------
At 31 Dec 2024	1,582	10,586	20,652	–	4,022	36,842
	--------	--------	--------	--------	-------	---------
Carrying amount
At 31 Dec 2024	32,393	2,604	1,020	–	1,662	37,679
	--------	--------	--------	--------	-------	---------
At 31 Jan 2024	32,789	2,862	1,041	29,052	2,206	67,950
	--------	--------	--------	--------	-------	---------

6. Debtors

	31 Dec 24	31 Jan 24
	£	£
Trade debtors	487,125	181,778
Other debtors	6,071	32,841
	---------	---------
	493,196	214,619
	---------	---------

7. Creditors: amounts falling due within one year

	31 Dec 24	31 Jan 24
	£	£
Bank loans and overdrafts	190,595	100,946
Trade creditors	604,160	285,154
Corporation tax	5,229	11,437
Social security and other taxes	3,597	44,842
Other creditors	122,056	127,516
	---------	---------
	925,637	569,895
	---------	---------

8. Creditors: amounts falling due after more than one year

	31 Dec 24	31 Jan 24
	£	£
Bank loans and overdrafts	55,000	82,500
	--------	--------

9. Directors' advances, credits and guarantees

The directors have made advances to the company. The amount owed to the directors is £114,706. The advances are interest free and repayable on demand.