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Registered number: 09162948
MYB Direct Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2025
Joshua Leigh & Co Ltd
Chartered Accountants
159 High Street
Barnet
Hertfordshire
EN5 5SU
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 09162948
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 37,390 51,560
37,390 51,560
CURRENT ASSETS
Stocks 1,548,295 1,290,476
Debtors 1,811,798 1,150,600
Cash at bank and in hand 331,580 80,931
3,691,673 2,522,007
Creditors: Amounts Falling Due Within One Year (2,778,581 ) (1,902,235 )
NET CURRENT ASSETS (LIABILITIES) 913,092 619,772
TOTAL ASSETS LESS CURRENT LIABILITIES 950,482 671,332
Creditors: Amounts Falling Due After More Than One Year - (8,773 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,347 ) (13,300 )
NET ASSETS 941,135 649,259
CAPITAL AND RESERVES
Called up share capital 10 10
Profit and Loss Account 941,125 649,249
SHAREHOLDERS' FUNDS 941,135 649,259
Page 1
Page 2
For the year ending 31 August 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 August 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Y Breindel
Director
Mr M Breindel
Director
28 May 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
MYB Direct Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09162948 . The registered office is 6 The Cubic Estate, Eastman Way, Hemel Hempstead, HP2 7DU.
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.
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:
Improvements to property in accordance with the property
Plant & Machinery 25% on cost and 25% on reducing balance
Motor Vehicles 17% on cost
Fixtures & Fittings 25% on cost and 25% on reducing balance
Computer Equipment 25% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2024: 19)
15 19
4. Intangible Assets
Total
£
Cost
As at 1 September 2024 42,000
As at 31 August 2025 42,000
Amortisation
As at 1 September 2024 42,000
As at 31 August 2025 42,000
Net Book Value
As at 31 August 2025 -
As at 1 September 2024 -
5. Tangible Assets
Total
£
Cost
As at 1 September 2024 140,043
Additions 3,079
As at 31 August 2025 143,122
Depreciation
As at 1 September 2024 88,483
Provided during the period 17,249
As at 31 August 2025 105,732
Net Book Value
As at 31 August 2025 37,390
As at 1 September 2024 51,560
Page 4