Registration number:
MY WINGS LTD
for the Year Ended 31 July 2025
MY WINGS LTD
Contents
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Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
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Detailed Profit and Loss Account |
MY WINGS LTD
Company Information
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Directors |
Nehme Abouzeid Michael Korn |
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Registered office |
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Accountants |
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MY WINGS LTD
Directors' Report for the Year Ended 31 July 2025
The directors present their report and the financial statements for the year ended 31 July 2025.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is Information technology consultancy activities.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
MY WINGS LTD
for the 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 WINGS LTD for the year ended 31 July 2025 as set out on pages 4 to 9 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
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of MY WINGS LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of MY WINGS LTD and state those matters that we have agreed to state to the Board of Directors of MY WINGS 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 WINGS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MY WINGS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of MY WINGS LTD. You consider that MY WINGS 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 accounts of MY WINGS 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 accounts.
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Chartered Accountants & Tax Advisors
Wimbledon
London
Wimbledon
SW19 3NW
MY WINGS LTD
Profit and Loss Account for the Year Ended 31 July 2025
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Note |
2025 |
2024 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating loss |
( |
( |
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Loss before tax |
( |
( |
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Loss for the financial year |
( |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
MY WINGS LTD
Statement of Comprehensive Income for the Year Ended 31 July 2025
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2025 |
2024 |
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Loss for the year |
( |
( |
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Total comprehensive income for the year |
( |
( |
MY WINGS LTD
(Registration number: 14214294)
Balance Sheet as at 31 July 2025
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Note |
2025 |
2024 |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
(41,719) |
(31,582) |
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Shareholders' deficit |
(41,619) |
(31,482) |
For the financial 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:
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• |
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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MY WINGS LTD
Statement of Changes in Equity for the Year Ended 31 July 2025
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Share capital |
Retained earnings |
Total |
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At 1 August 2024 |
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( |
( |
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Loss for the year |
- |
( |
( |
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At 31 July 2025 |
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( |
( |
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Share capital |
Retained earnings |
Total |
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At 1 August 2023 |
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( |
( |
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Loss for the year |
- |
( |
( |
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At 31 July 2024 |
100 |
(31,582) |
(31,482) |
MY WINGS LTD
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
MY WINGS LTD
Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Creditors |
Creditors: amounts falling due within one year
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2025 |
2024 |
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Due within one year |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
MY WINGS LTD
Detailed Profit and Loss Account for the Year Ended 31 July 2025
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2025 |
2024 |
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turnover |
22,702 |
26,900 |
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Cost of sales |
(19,892) |
(20,325) |
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Gross profit |
2,810 |
6,575 |
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Gross profit (%) |
12.38% |
24.44% |
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Administrative expenses |
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Employment costs |
3,406 |
4,316 |
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Establishment costs |
730 |
4,356 |
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General administrative expenses |
8,717 |
7,913 |
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Finance charges |
94 |
- |
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12,947 |
16,585 |
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Operating loss |
(10,137) |
(10,010) |
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Loss before tax |
(10,137) |
(10,010) |
MY WINGS LTD
Detailed Profit and Loss Account for the Year Ended 31 July 2025
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2025 |
2024 |
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Turnover |
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Rendering of services, UK |
22,702 |
26,900 |
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Cost of sales |
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Direct costs |
- |
77 |
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Subcontract cost |
19,892 |
20,248 |
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19,892 |
20,325 |
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Employment costs |
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Staff training |
3,406 |
4,316 |
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Establishment costs |
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Use of home as office |
730 |
1,460 |
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Repairs and maintenance |
- |
2,896 |
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730 |
4,356 |
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General administrative expenses |
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Telephone and fax |
182 |
501 |
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Office expenses |
2,107 |
58 |
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Computer software and maintenance costs |
- |
518 |
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Trade subscriptions |
1,353 |
627 |
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Travel and subsistence |
4,475 |
5,093 |
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Accountancy fees |
600 |
1,116 |
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8,717 |
7,913 |
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Finance charges |
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Bank charges |
94 |
- |