Myclosetspace Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 10550555

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Cash at bank and in hand		1,887		734

		1,887		734
Creditors: Amounts Falling Due Within One Year	6	(25,340 )		(22,949 )

NET CURRENT ASSETS (LIABILITIES)			(23,453 )		(22,215 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(23,453 )		(22,215 )

Creditors: Amounts Falling Due After More Than One Year	7		-		(1,280 )

NET LIABILITIES			(23,453 )		(23,495 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(23,454 )		(23,496 )

SHAREHOLDERS' FUNDS			(23,453)		(23,495)

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Myclosetspace Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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

J Henry

Director

26 October 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Myclosetspace Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10550555 . The registered office is 47 Central Parade, New Addington, CR0 0JD.

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. Going Concern Disclosure

Accounting standards require the director to consider the appropriateness of the going concern basis when preparing the financial statements. The director confirms that the going concern basis remains appropriate. The director believes this to be the case as the company has ongoing support of the director and shareholder. Thus she continues to adopt the going concern basis of accounting in preparing the financial statements.

2.3. 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 rendering of services.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.5. 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:

Plant & Machinery

25% Straight line

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2026	2025
Office and administration	1	1

	1	1

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2025	32,377

As at 31 January 2026	32,377

Amortisation
As at 1 February 2025	32,377

As at 31 January 2026	32,377

...CONTINUED

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Myclosetspace Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

Net Book Value
As at 31 January 2026	-

As at 1 February 2025	-

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 February 2025	1,855

As at 31 January 2026	1,855

Depreciation
As at 1 February 2025	1,855

As at 31 January 2026	1,855

Net Book Value
As at 31 January 2026	-

As at 1 February 2025	-

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	1	-
Bank loans and overdrafts	1,928	2,441
Other creditors	9,565	9,565
Accruals and deferred income	350	350
Director's loan account	13,496	10,593

	25,340	22,949

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	-	1,280

The company has an existing bounce back loan as part of the government's support to businesses affected by the Covid-19 Pandemic. Interest is payable on the loan at 2.5% per annum, with the first 12 months of interest paid for by the government. The loan is repayable in 60 monthly instalments commencing 13 months after drawdown date. The loan is secured by a government backed guarantee.

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

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