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REGISTERED NUMBER: 03483206 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Michael Markiewicz Ltd

Michael Markiewicz Ltd (Registered number: 03483206)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Michael Markiewicz Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs T Markiewicz
Dr M Markiewicz





SECRETARY: Mrs T Markiewicz





REGISTERED OFFICE: Reedham House
31 King Street West
Manchester
Greater Manchester
M3 2PJ





REGISTERED NUMBER: 03483206 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Michael Markiewicz Ltd (Registered number: 03483206)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,684 2,607
Investment property 5 500,000 500,000
503,684 502,607

CURRENT ASSETS
Debtors 6 124,069 166,700
Cash at bank 2,157,257 1,753,482
2,281,326 1,920,182
CREDITORS
Amounts falling due within one year 7 187,201 161,617
NET CURRENT ASSETS 2,094,125 1,758,565
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,597,809

2,261,172

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,597,807 2,261,170
SHAREHOLDERS' FUNDS 2,597,809 2,261,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Michael Markiewicz Ltd (Registered number: 03483206)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by:





Dr M Markiewicz - Director


Michael Markiewicz Ltd (Registered number: 03483206)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Michael Markiewicz Ltd 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
Turnover represents the invoice value of services provided net of value added tax.

Rental income is recognised on a receivable basis.

Interest income is recognised on a received basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are initially recorded at cost less accumulated depreciation and accumulated impairment losses.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Michael Markiewicz Ltd (Registered number: 03483206)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

Going concern
The company's financial statements for the year ended 31 March 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 3,525 2,264 23,268 29,057
Additions - - 3,524 3,524
At 31 March 2023 3,525 2,264 26,792 32,581
DEPRECIATION
At 1 April 2022 3,506 2,161 20,783 26,450
Charge for year 4 26 2,417 2,447
At 31 March 2023 3,510 2,187 23,200 28,897
NET BOOK VALUE
At 31 March 2023 15 77 3,592 3,684
At 31 March 2022 19 103 2,485 2,607

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 500,000
NET BOOK VALUE
At 31 March 2023 500,000
At 31 March 2022 500,000

The directors' do not consider that the market value of the property is materially different from its cost.

Michael Markiewicz Ltd (Registered number: 03483206)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 99,836 141,790
Other debtors 24,233 24,910
124,069 166,700

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,311 73,748
Taxation and social security 124,083 48,188
Other creditors 51,807 39,681
187,201 161,617

8. RELATED PARTY DISCLOSURES

At 31 March 2023, other creditors included £27,962 (2022: £30,109) in respect of the directors current accounts. These balances are interest free and repayable on demand.