Mistaya Solutions Limited - Accounts to registrar (filleted) - small 23.1.2

Mistaya Solutions Limited - Accounts to registrar (filleted) - small 23.1.2

MISTAYA SOLUTIONS LIMITED - Company Information

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REGISTERED NUMBER: 07668239 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30th June 2022

for

MISTAYA SOLUTIONS LIMITED
MISTAYA SOLUTIONS LIMITED (REGISTERED NUMBER: 07668239)






Contents of the Financial Statements
for the year ended 30th June 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

MISTAYA SOLUTIONS LIMITED

Company Information
for the year ended 30th June 2022







DIRECTOR: P Ross





REGISTERED OFFICE: 52 Grosvenor Gardens
London
SW1W 0AU





REGISTERED NUMBER: 07668239 (England and Wales)





ACCOUNTANTS: Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN
Page 1
MISTAYA SOLUTIONS LIMITED (REGISTERED NUMBER: 07668239)

Statement of Financial Position
30th June 2022

30.6.22 30.6.21
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 64,597 75,997

CURRENT ASSETS
Inventories 81,770 85,410
Debtors 5 97,481 101,872
Cash at bank 376,822 443,721
556,073 631,003
CREDITORS
Amounts falling due within one year 6 132,332 196,538
NET CURRENT ASSETS 423,741 434,465
TOTAL ASSETS LESS CURRENT LIABILITIES 488,338 510,462

PROVISIONS FOR LIABILITIES 14,751 14,360
NET ASSETS 473,587 496,102

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 473,487 496,002
473,587 496,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
MISTAYA SOLUTIONS LIMITED (REGISTERED NUMBER: 07668239)

Statement of Financial Position - continued
30th June 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 director and authorised for issue on 19th June 2023 and were signed by:





P Ross - Director


The notes form part of these financial statements

Page 3
MISTAYA SOLUTIONS LIMITED (REGISTERED NUMBER: 07668239)

Notes to the Financial Statements
for the year ended 30th June 2022

1. STATUTORY INFORMATION

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

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Page 4 continued...
MISTAYA SOLUTIONS LIMITED (REGISTERED NUMBER: 07668239)

Notes to the Financial Statements - continued
for the year ended 30th June 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2021 - 24 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1st July 2021 352,013
Additions 23,460
At 30th June 2022 375,473
DEPRECIATION
At 1st July 2021 276,016
Charge for year 34,860
At 30th June 2022 310,876
NET BOOK VALUE
At 30th June 2022 64,597
At 30th June 2021 75,997

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Trade debtors 97,481 101,872

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Trade creditors 29,527 43,138
Social security and other taxes 29,613 34,541
VAT 44,859 57,810
Deferred income 12,844 32,916
Accrued expenses 15,489 28,133
132,332 196,538

Page 5
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Mistaya Solutions Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mistaya Solutions Limited for the year ended 30th June 2022 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Mistaya Solutions Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mistaya Solutions Limited and state those matters that we have agreed to state to the director of Mistaya Solutions Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mistaya Solutions Limited and its director for our work or for this report.

It is your duty to ensure that Mistaya Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mistaya Solutions Limited. You consider that Mistaya Solutions Limited 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 financial statements of Mistaya Solutions Limited. 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 financial statements.






Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN


Date: .............................................

This page does not form part of the statutory financial statements

Page 6