IRIS Accounts Production v24.1.0.576 09137316 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh091373162022-12-31091373162023-12-31091373162023-01-012023-12-31091373162021-12-31091373162022-01-012022-12-31091373162022-12-3109137316ns15:EnglandWales2023-01-012023-12-3109137316ns14:PoundSterling2023-01-012023-12-3109137316ns10:Director12023-01-012023-12-3109137316ns10:Director22023-01-012023-12-3109137316ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3109137316ns10:SmallEntities2023-01-012023-12-3109137316ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3109137316ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3109137316ns10:FullAccounts2023-01-012023-12-3109137316ns10:RegisteredOffice2023-01-012023-12-3109137316ns5:CurrentFinancialInstruments2023-12-3109137316ns5:CurrentFinancialInstruments2022-12-3109137316ns5:ShareCapital2023-12-3109137316ns5:ShareCapital2022-12-3109137316ns5:RetainedEarningsAccumulatedLosses2023-12-3109137316ns5:RetainedEarningsAccumulatedLosses2022-12-3109137316ns5:PlantMachinery2023-01-012023-12-3109137316ns5:PlantMachinery2022-12-3109137316ns5:PlantMachinery2023-12-3109137316ns5:PlantMachinery2022-12-3109137316ns5:Non-currentFinancialInstruments2023-12-3109137316ns5:Non-currentFinancialInstruments2022-12-31
REGISTERED NUMBER: 09137316 (England and Wales)















MICHAELS & CO LAW LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






MICHAELS & CO LAW LIMITED (REGISTERED NUMBER: 09137316)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MICHAELS & CO LAW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr M Michaels
Mrs R B Michaels





REGISTERED OFFICE: 1 Churchwood Gardens
Woodford Green
Essex
IG8 0PL





REGISTERED NUMBER: 09137316 (England and Wales)





ACCOUNTANTS: P G ASSOCIATES
Accountants
1 Brookmans Avenue
Brookmans Park
Hatfield
Hertfordshire
AL9 7QH

MICHAELS & CO LAW LIMITED (REGISTERED NUMBER: 09137316)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,971 6,307

CURRENT ASSETS
Work in progress 5 132,500 87,500
Debtors 6 33,600 109,200
Cash at bank and in hand 583,877 548,366
749,977 745,066
CREDITORS
Amounts falling due within one year 7 65,462 68,980
NET CURRENT ASSETS 684,515 676,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

691,486

682,393

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 691,484 682,391
SHAREHOLDERS' FUNDS 691,486 682,393

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

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

MICHAELS & CO LAW LIMITED (REGISTERED NUMBER: 09137316)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by:




Mr M Michaels - Director



Mrs R B Michaels - Director


MICHAELS & CO LAW LIMITED (REGISTERED NUMBER: 09137316)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Michaels & Co Law 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 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.
Plant and machinery - 25% on reducing balance

Work in progress
Work in progress is calculated at work carried out within the financial year but not invoiced until the following financial year.

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.

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.

MICHAELS & CO LAW LIMITED (REGISTERED NUMBER: 09137316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023 29,316
Additions 2,988
At 31 December 2023 32,304
DEPRECIATION
At 1 January 2023 23,009
Charge for year 2,324
At 31 December 2023 25,333
NET BOOK VALUE
At 31 December 2023 6,971
At 31 December 2022 6,307

5. WORK IN PROGRESS
31.12.23 31.12.22
£    £   
Work in progress 132,500 87,500

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Other debtors 9,600 9,600

Amounts falling due after more than one year:
Other debtors 24,000 99,600

Aggregate amounts 33,600 109,200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 11,966 8,641
Tax 35,005 41,475
VAT 10,569 11,033
Directors' loan accounts 2,912 2,821
Accrued expenses 5,010 5,010
65,462 68,980

MICHAELS & CO LAW LIMITED (REGISTERED NUMBER: 09137316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed £2,912 to the directors (2022 - £2,821) This amount is repayable on demand and is included in Creditors due within one year.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Michaels and Mrs R Michaels.