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Registration number: 11655124

Michelle Holland Design Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 April 2022 to 30 September 2022

 

Michelle Holland Design Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Michelle Holland Design Ltd

Company Information

Director

M Holland

Registered office

Rockmill House
Cheltenham Road
Stroud
Gloucestershire
GL6 6LF

Accountants

Sable & Argent Limited
2 Elvetham Crescent
Fleet
Hampshire
GU51 1BU

 

Michelle Holland Design Ltd

(Registration number: 11655124)
Balance Sheet as at 30 September 2022

Note

2022
£

2022
£

Current assets

 

Cash at bank and in hand

 

7,172

43,575

Creditors: Amounts falling due within one year

4

(5,152)

(41,555)

Net assets

 

2,020

2,020

capital and reserves

 

Called up share capital

5

20

20

Profit and loss account

2,000

2,000

Shareholders' funds

 

2,020

2,020

For the financial period ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 4 October 2023
 


M Holland
Director

 

Michelle Holland Design Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 September 2022

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Rockmill House
Cheltenham Road
Stroud
Gloucestershire
GL6 6LF

These financial statements were authorised for issue by the director on 4 October 2023.

2

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 period in the ordinary course of the company’s activities.

Depreciation

Asset class

Depreciation method and rate

Office equipment

25% p.a. straight line on cost

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Michelle Holland Design Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 30 September 2022

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 at the transaction price.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons (including the director) employed by the company in the period, was 1 (2022: 1).

4

Creditors

Creditors: amounts falling due within one year

2022
£

2022
£

Due within one year

Other creditors

5,152

41,555

5

Share capital

Allotted, called up and fully paid shares

 

2022

2022

 

No.

£

No.

£

Ordinary A shares of £1 each

10

10

10

10

Ordinary B shares of £1 each

10

10

10

10

 

20

20

20

20