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Registered number: 05302925
Myfm Ltd
Financial Statements
For The Year Ended 31 December 2025
Sloane & Co. LLP
Chartered Certified Accountants & Business Advisors
Office 015
30 Great Guildford Street
Borough, London
SE1 0HS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05302925
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 504 1,392
504 1,392
CURRENT ASSETS
Debtors 5 373,526 525,330
Cash at bank and in hand 129,884 111,180
503,410 636,510
Creditors: Amounts Falling Due Within One Year 6 (425,513 ) (520,213 )
NET CURRENT ASSETS (LIABILITIES) 77,897 116,297
TOTAL ASSETS LESS CURRENT LIABILITIES 78,401 117,689
NET ASSETS 78,401 117,689
CAPITAL AND RESERVES
Called up share capital 7 8 8
Profit and Loss Account 78,393 117,681
SHAREHOLDERS' FUNDS 78,401 117,689
Page 1
Page 2
For the year ending 31 December 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ulf Muller
Director
30 April 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Myfm Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05302925 . The registered office is Office 015, 30 Great Guildford Street, Borough, London, SE1 0HS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% Straight line
Fixtures & Fittings 20% Straight line
Computer Equipment 20% Straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 12 (2024: 15)
12 15
Page 3
Page 4
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2025 2,590 6,090 8,680
As at 31 December 2025 2,590 6,090 8,680
Depreciation
As at 1 January 2025 2,385 4,903 7,288
Provided during the period 51 837 888
As at 31 December 2025 2,436 5,740 8,176
Net Book Value
As at 31 December 2025 154 350 504
As at 1 January 2025 205 1,187 1,392
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 365,849 460,895
Other debtors - Loans to Associates 6,020 11,791
Amounts owed by other participating interests 1,657 52,644
373,526 525,330
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 309,952 329,261
Other taxes and social security 7,383 15,361
VAT 64,852 126,010
Net wages - 10,920
Associates reserves (Current liabilities - creditors < 1 year) 15,608 13,702
Other creditors - Pension 1,218 1,231
Directors' loan accounts 26,500 23,728
425,513 520,213
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Page 5
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 8 8
Page 5