Company registration number 12508701 (England and Wales)
MYKAGAMI LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MYKAGAMI LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
MYKAGAMI LIMITED (REGISTERED NUMBER: 12508701)
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
228
Current assets
Debtors
4
110
Cash at bank and in hand
1,806
141
1,916
141
Creditors: amounts falling due within one year
5
(16,997)
(18,135)
Net current liabilities
(15,081)
(17,994)
Net liabilities
(14,853)
(17,994)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(14,854)
(17,995)
Total equity
(14,853)
(17,994)
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 28 October 2025
Mr Y Percale
Director
MYKAGAMI LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information
Mykagami Limited is a private company limited by shares incorporated in England and Wales. The registered office is 10 Upper Grosvenor Road, Tunbridge Wells, England, TN1 2EP.
1.1
Basis of preparation
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future.
1.3
Turnover
Turnover represents net invoiced sales of services, excluding value added tax. Revenue is recognised at the point the services are provided.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
IT Equipment
33% on straight line basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
1
1
MYKAGAMI LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
3
Tangible fixed assets
IT Equipment
£
Cost
At 1 April 2024
Additions
265
At 31 March 2025
265
Depreciation and impairment
At 1 April 2024
Depreciation charged in the year
37
At 31 March 2025
37
Carrying amount
At 31 March 2025
228
At 31 March 2024
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
110
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
16,997
18,135
6
Related party transactions
As at 31 March 2025 the company owed £nil (2024: £6,500) to a company with common directors.