MYDOBI LTD
Statement of financial position
as at 31 December 2024
Tangible assets
40,980
42,000
Cash at bank and in hand
1,142
2,860
Creditors: amounts falling due within one year
(39,566)
(45,080)
Net current liabilities
(38,424)
(40,439)
Total assets less current liabilities
2,556
1,561
Creditors: amounts falling due after more than one year
(600)
-
Called up share capital
1
1
Profit and loss account
1,955
1,560
Shareholders' funds
1,956
1,561
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 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 29 November 2025 and were signed on its behalf by
CHARLES JACOB PREM KUMAR
Director
Company Registration No. 14558628
MYDOBI LTD
Notes to the Accounts
for the year ended 31 December 2024
MYDOBI LTD is a private company, limited by shares, registered in England and Wales, registration number 14558628. The registered office is 81 SANDON ROAD, HILLSIDE DRYCLEANERS, SOUTHPORT, SOUTHPORT, PR84QD, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is charged so as to write off the cost of assets, less their estimated residual values, over their estimated useful lives on a straight-line basis. The principal rates used are as follows:
Plant and Equipment: Straight-line method, over 5 years, after deducting an estimated residual value.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
MYDOBI LTD
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
At 31 December 2024
49,600
At 31 December 2024
40,980
At 31 December 2023
42,000
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
7,601
-
Taxes and social security
889
600
Loans from directors
31,076
44,000
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
600
-
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).