My City Refurb Ltd 31/07/2025 iXBRL

Company registration number: 08128580

England & Wales

My City Refurb Ltd

Unaudited filleted financial statements

Year ended

31 July 2025

My City Refurb Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

My City Refurb Ltd

Directors and other information


	Directors	Mr R Kosteris
		Mr D Rybski


	Company number	08128580


	Registered office	Flat 8 Walbrook Court
		2 Hemsworth Street
		London
		N1 5LF


	Accountants	Rogove & Company
		Chartered Accountants
		70 White Lion Street
		London
		N1 9PP

My City Refurb Ltd

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of My City Refurb Ltd

Year ended 31 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of My City Refurb Ltd for the year ended 31 July 2025 which comprise the statement of financial position and 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 https://www.icaew.com/regulation..

This report is made solely to the board of directors of My City Refurb Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of My City Refurb Ltd and state those matters that we have agreed to state to the board of directors of My City Refurb Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than My City Refurb Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that My City Refurb Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of My City Refurb Ltd. You consider that My City Refurb Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of My City Refurb Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rogove & Company

Chartered Accountants

70 White Lion Street

London

N1 9PP

29 April 2026

My City Refurb Ltd

Statement of financial position

31 July 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	16,237		4,363
		_______		_______
			16,237		4,363

Current assets
Debtors	6	50,856		53,876
Cash at bank and in hand		27,319		12,315
		_______		_______
		78,175		66,191
Creditors: amounts falling due
within one year	7	( 120,555)		( 77,659)
		_______		_______
Net current liabilities			( 42,380)		( 11,468)
			_______		_______
Total assets less current liabilities			( 26,143)		( 7,105)

Creditors: amounts falling due
after more than one year	8		( 10,248)		-
			_______		_______
Net liabilities			( 36,391)		( 7,105)
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			( 36,491)		( 7,205)
			_______		_______
Shareholders deficit			( 36,391)		( 7,105)
			_______		_______

For the year ending 31 July 2025 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 year 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.

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.

These financial statements were approved by the board of directors and authorised for issue on 29 April 2026 , and are signed on behalf of the board by:

Mr R Kosteris

Director

Company registration number: 08128580

England & Wales

My City Refurb Ltd

Notes to the financial statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat 8 Walbrook Court, 2 Hemsworth Street, London, N1 5LF.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention. The company's functional and presentational currency is Sterling.

Going concern

The directors believe that the company is experiencing good levels of sales growth and profitability and that it is well-placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for discounts, customer rebates and other similar allowances. Revenue excludes Value Added Tax.

Taxation

Taxation represents the sum of tax currently payable and deferred tax.The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Tangible assets

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter:


Fittings fixtures and equipment	-	25 %	straight line
Motor vehicles	-	20 %	reducing balance
Motor vehicles	-	33.33 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Hire purchase and finance leases

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Loans are recognised at the transaction value.

Defined contribution plans

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 2 ).

5. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 August 2024	1,473	15,150	16,623
Additions	813	14,543	15,356
Disposals	-	( 7,500)	( 7,500)
	_______	_______	_______
At 31 July 2025	2,286	22,193	24,479
	_______	_______	_______
Depreciation
At 1 August 2024	108	12,152	12,260
Charge for the year	522	1,473	1,995
Disposals	-	( 6,013)	( 6,013)
	_______	_______	_______
At 31 July 2025	630	7,612	8,242
	_______	_______	_______
Carrying amount
At 31 July 2025	1,656	14,581	16,237
	_______	_______	_______
At 31 July 2024	1,365	2,998	4,363
	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	4,664	-
Other debtors	46,192	53,876
	_______	_______
	50,856	53,876
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	12,092	4,221
Corporation tax	23,375	45,308
Social security and other taxes	30,508	21,130
Other creditors	54,580	7,000
	_______	_______
	120,555	77,659
	_______	_______

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

	2025	2024
	£	£
Other creditors	10,248	-
	_______	_______

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr R Kosteris	16,425	53,675	( 53,275)	16,825
	Mr D Rybski	27,017	53,049	( 58,216)	21,850
		_______	_______	_______	_______
		43,442	106,724	( 111,491)	38,675
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr R Kosteris	7,152	43,983	( 34,710)	16,425
	Mr D Rybski	12,010	50,277	( 35,270)	27,017
		_______	_______	_______	_______
		19,162	94,260	( 69,980)	43,442
		_______	_______	_______	_______

The above-stated loans are unsecured, interest free and repayable on demand.