REGISTERED NUMBER: 03794475 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2018

for

Myson Consulting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D P Brereton

K S Hammond

SECRETARY:

D P Brereton

REGISTERED OFFICE:

Saddleworth Business Centre

Huddersfield Road

Delph

Oldham

Lancashire

OL3 5DF

REGISTERED NUMBER:

03794475 (England and Wales)

ACCOUNTANTS:

PKW Chartered Accountants LLP

Cloth Hall

150 Drake Street

Rochdale

Lancashire

OL16 1PX

FIXED ASSETS

Tangible assets

4

838

1,076

CURRENT ASSETS

Stocks

33,563

30,745

Debtors

5

87,842

80,854

Cash at bank

79,753

63,070

201,158

174,669

CREDITORS

Amounts falling due within one year

6

124,104

87,452

NET CURRENT ASSETS

77,054

87,217

TOTAL ASSETS LESS CURRENT LIABILITIES

77,892

88,293

CREDITORS

Amounts falling due after more than one year

7

-

(5,833

)

PROVISIONS FOR LIABILITIES

(52

)

(78

)

ACCRUALS AND DEFERRED INCOME

(68,616

)

(76,591

)

NET ASSETS

9,224

5,791

CAPITAL AND RESERVES

Called up share capital

9

125

125

Capital redemption reserve

115

115

Retained earnings

8,984

5,551

SHAREHOLDERS' FUNDS

9,224

5,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 14 November 2018 and were signed on its behalf by:

D P Brereton - Director

K S Hammond - Director

1.	STATUTORY INFORMATION

Myson Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the value of services supplied to customers during the year less returns and net of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing

stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that

it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2017 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 August 2017

and 31 July 2018

665

18,258

18,923

DEPRECIATION

At 1 August 2017

459

17,388

17,847

Charge for year

21

217

238

At 31 July 2018

480

17,605

18,085

NET BOOK VALUE

At 31 July 2018

185

653

838

At 31 July 2017

206

870

1,076

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

86,684

70,045

Other debtors

1,158

10,809

87,842

80,854

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

5,833

10,000

Trade creditors

69,776

35,287

Taxation and social security

38,220

38,391

Other creditors

10,275

3,774

124,104

87,452

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

-

5,833

8.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

5,833

15,833

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

105

Ordinary

£1

105

105

20

Ordinary A

£1

20

20

125

125

10.	ULTIMATE CONTROLLING PARTY

During the year under review the Company was controlled by Mr. D. P. Brereton.