Mypay Limited in Cheadle, SK8 2EA

Description

Data updated on: 01-11-2023

Mypay came into being in 2007 as a company enlisted under no 06425704, located at SK8 2EA Cheadle at Sovereign House. The company has been in business for seventeen years and its current state is active. The firm's classified under the NACE and SIC code 82990: Other business support service activities not elsewhere classified. Mypay Ltd released its latest accounts for the financial year up to 2022-11-30. The firm's most recent annual confirmation statement was filed on 2023-10-04.

As found in this specific firm's executives list, since March 2018 there have been three directors: Dawid J., Dianna H. and Stephen H.. In order to support the directors in their duties, this limited company has been utilizing the skills of Jane H. as a secretary since 2007.

Stephen H. is the individual with significant control over this firm, owns 1/2 or less of company shares and has 1/2 or less of voting rights.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2017-11-30	2018-11-30	2019-11-30	2020-11-30	2021-11-30	2022-11-30
Currency

Balance Sheet
Cash Bank On Hand	1 440 211	1 430 139	1 487 091	1 921 735	2 980 452	2 894 672
Current Assets	1 786 652	1 882 430	1 983 815	2 300 704	3 503 875	3 458 967
Debtors	346 441	452 291	496 724	378 969	523 423	564 295
Net Assets Liabilities	133 863	200 372	299 056	272 678	445 838	296 618
Other Debtors	808	6 828	1 200	1 251	1 644	1 644
Property Plant Equipment	2 466	2 142	1 380	1 035	318	58

Other Financial Data
Audit Fees Expenses	2 745	3 365	3 360	3 440	4 770	5 300
Other Non-audit Services Entity Subsidiaries Fees		550	50	50	50	1 025
Other Taxation Advisory Services Entity Subsidiaries Fees	195	200	210	215	220	230
Accrued Liabilities Deferred Income	3 101	3 937	5 825	5 243	6 149	6 736
Accumulated Depreciation Impairment Property Plant Equipment	30 166	30 491	30 018	30 363	27 578	27 076
Administrative Expenses	350 627	453 197	474 146	517 213	602 567	804 490
Amortisation Government Grants				-614 935
Applicable Tax Rate		19	19	19	19	19
Average Number Employees During Period	450	606	632	588	803	886
Cash Cash Equivalents Cash Flow Value	1 440 211	1 430 139	1 487 090	1 921 734	2 980 451	2 894 672
Comprehensive Income Expense	242 715	346 509	326 184	219 871	400 659	318 280
Corporation Tax Payable	59 078	83 125	78 457	53 297	95 104	75 445
Cost Inventories Recognised As Expense Gross	182 275	84 929	120 388
Cost Sales	19 166 008	26 964 148	26 726 907	28 529 608	43 937 500	52 244 859
Creditors	1 654 762	1 683 793	1 685 877	2 028 864	3 058 295	3 162 396
Current Tax For Period	59 089	83 138	78 484	53 333	95 104	75 523
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	117	-86	-145	-65	-137	-49
Deferred Tax Liabilities	493	407	262	197	60	11
Depreciation Expense Property Plant Equipment	822	325	460	345	106	79
Depreciation Rate Used For Property Plant Equipment		25	25	25	25	25
Disposals Decrease In Depreciation Impairment Property Plant Equipment			934		2 891	582
Disposals Property Plant Equipment			1 235		3 502	763
Dividends Paid	140 000	280 000	227 500	246 250	227 500	467 500
Dividends Paid Classified As Financing Activities	140 000	280 000	227 500	246 250	227 500	467 500
Dividends Paid On Shares	140 000	280 000	227 500	246 250	227 500	467 500
Fixed Assets	2 466	2 142	1 380	1 035	318	58
Further Department Item Average Number Employees Component Average Number List		599	624	580	793
Future Minimum Lease Payments Under Non-cancellable Operating Leases	1 450	770	1 949	3 895	42 327	29 704
Gain Loss In Cash Flows From Change In Accrued Items	82	-1 714	-11 561	-674	-6 488	-330
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	1 237 252	4 148	4 864	368 729	986 718	123 173
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-248 520	-103 300	-30 984	117 847	-137 060	-39 955
Gain Loss On Disposals Property Plant Equipment	-146		-301		-611	-181
Government Grant Income				614 935
Gross Profit Loss	652 258	881 676	876 538	174 107	1 097 994	1 193 352
Income Expense Recognised Directly In Equity	-140 000	-280 000	-227 500	-246 250	-227 500	-467 500
Income From Related Parties	4 800	3 600	3 600	2 925	2 700	1 125
Income Taxes Paid Refund Classified As Operating Activities	21 338	59 078	83 152	78 493	53 297	95 182
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	1 128 802	-10 072	56 951	434 643	1 058 716	-85 780
Increase Decrease In Net Debt From Cash Flows				434 644
Increase From Depreciation Charge For Year Property Plant Equipment		325	460	345	106	79
Interest Income On Bank Deposits	279	1 069	2 104	1 274	199	4 814
Interest Received Classified As Operating Activities		1 068	2 131	1 310	199	4 892
Net Cash Flows From Used In Financing Activities	-140 000	-280 000	-227 500	368 685	-227 500	-467 500
Net Cash Flows From Used In Investing Activities	-1 554
Net Cash Flows From Used In Operating Activities	1 270 356	269 928	284 451	65 958	1 286 216	381 720
Net Cash Generated From Operations	1 291 413	327 938	365 472	143 141	1 339 314	472 010
Net Current Assets Liabilities	131 890	198 637	297 938	271 840	445 580	296 571
Net Debt Funds			-1 487 091	-1 921 735
Net Deferred Tax Liability Asset	493	407	262	197	60	11
Operating Profit Loss	301 631	428 479	402 392	271 829	495 427	388 862
Other Creditors	18 080	41 936	47 406	117 861	266 941	295 223
Other Departments Average Number Employees	6	7	8	580	793	13
Other Finance Income		13	27	36		78
Other Interest Receivable Similar Income Finance Income	290	1 082	2 131	1 310	199	4 892
Other Operating Income Format1				614 935
Other Revenue						1 000
Other Taxation Social Security Payable	1 568 139	1 547 952	1 546 094	1 850 336	2 682 206	2 777 855
Par Value Share		1	1	1	1	1
Pension Costs Defined Contribution Plan	95 287	221 081	302 427	321 092	396 268	455 528
Pension Other Post-employment Benefit Costs Other Pension Costs	95 287	221 081	302 427	321 092	396 268	455 528
Prepayments Accrued Income	17 375	25 946	28 517	22 665	44 918	47 810
Proceeds From Government Grants Classified As Financing Activities				614 935
Profit Loss	242 715	346 509	326 184	219 871	400 659	318 280
Profit Loss On Ordinary Activities Before Tax	301 921	429 561	404 523	273 139	495 626	393 754
Property Plant Equipment Gross Cost		32 633	31 398	31 398	27 897	27 134
Provisions	493	407	262	197	60	11
Provisions For Liabilities Balance Sheet Subtotal	493	407	262	197	60	11
Purchase Property Plant Equipment	1 554
Revenue From Rendering Services	19 818 266	27 845 824	27 603 445	28 703 715	45 035 494	53 437 211
Selling Average Number Employees				8	10
Social Security Costs	1 804 583	2 553 045	2 503 498	2 746 947	4 486 707	5 641 293
Staff Costs Employee Benefits Expense	19 216 238	27 197 263	26 906 690	28 770 380	44 062 225	52 417 536
Tax Expense Credit Applicable Tax Rate	58 361	81 617	76 859	51 896	94 169	74 813
Tax Increase Decrease From Effect Capital Allowances Depreciation	-300
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	1 024	1 521	1 625	1 436	935	710
Tax Increase Decrease From Other Short-term Timing Differences	117	-86	-145	-65	-137	-49
Tax Tax Credit On Profit Or Loss On Ordinary Activities	59 206	83 052	78 339	53 268	94 967	75 474
Total Assets Less Current Liabilities	134 356	200 779	299 318	272 875	445 898	296 629
Total Operating Lease Payments	730	730	730	915	9 494	15 666
Trade Creditors Trade Payables	6 364	6 843	8 095	2 127	7 895	7 137
Trade Debtors Trade Receivables	328 258	419 517	467 007	355 053	476 861	514 841
Turnover Revenue	19 818 266	27 845 824	27 603 445	28 703 715	45 035 494	53 438 211
Unused Provision Reversed		86	145	65	137	49
Wages Salaries	17 316 368	24 423 137	24 100 765	25 702 341	39 179 250	46 320 715
Advances Credits Directors		6 000
Advances Credits Made In Period Directors		10 000
Advances Credits Repaid In Period Directors		4 000	6 000
Company Contributions To Money Purchase Plans Directors	27 750	44 250	45 500	36 000	39 000	39 600
Director Remuneration	46 071	74 368	84 471	102 311	94 370	131 152
Director Remuneration Benefits Excluding Payments To Third Parties	73 821	118 618	129 971	138 311	133 370	170 752
Number Directors Accruing Benefits Under Money Purchase Scheme	1	1	1	1	1	1

Company staff

Dawid J.

Role: Director

Appointed: 19 March 2018

Latest update: 28 March 2024

Dianna H.

Role: Director

Appointed: 22 October 2012

Latest update: 28 March 2024