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Company Registration No. 10072043 (England and Wales)
MICHAELSON&SON LTD Unaudited accounts for the period from 18 March 2023 to 29 February 2024
MICHAELSON&SON LTD Unaudited accounts Contents
Page
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MICHAELSON&SON LTD Company Information for the period from 18 March 2023 to 29 February 2024
Director
Mihail Arabadzhiev
Company Number
10072043 (England and Wales)
Registered Office
73 King Edward Rd Gillingham KENT ME7 2RF ENGLAND
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MICHAELSON&SON LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
836 
1,010 
Current assets
Debtors
336 
5,130 
Cash at bank and in hand
306 
1,178 
642 
6,308 
Creditors: amounts falling due within one year
(276)
(5,647)
Net current assets
366 
661 
Total assets less current liabilities
1,202 
1,671 
Creditors: amounts falling due after more than one year
(3,606)
(5,070)
Net liabilities
(2,404)
(3,399)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(2,405)
(3,400)
Shareholders' funds
(2,404)
(3,399)
For the period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 April 2024 and were signed on its behalf by
Mihail Arabadzhiev Director Company Registration No. 10072043
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MICHAELSON&SON LTD Notes to the Accounts for the period from 18 March 2023 to 29 February 2024
1
Statutory information
MICHAELSON&SON LTD is a private company, limited by shares, registered in England and Wales, registration number 10072043. The registered office is 73 King Edward Rd , Gillingham, KENT, ME7 2RF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18%
Motor vehicles
6%-18%
Fixtures & fittings
18%
Computer equipment
18%
Other tangible fixed assets
18%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 18 March 2023
1,114 
718 
1,832 
At 29 February 2024
1,114 
718 
1,832 
Depreciation
At 18 March 2023
500 
322 
822 
Charge for the period
106 
68 
174 
At 29 February 2024
606 
390 
996 
Net book value
At 29 February 2024
508 
328 
836 
At 17 March 2023
614 
396 
1,010 
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MICHAELSON&SON LTD Notes to the Accounts for the period from 18 March 2023 to 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
336 
- 
Amounts falling due after more than one year
Other debtors
- 
5,130 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
277 
497 
Loans from directors
(1)
5,150 
276 
5,647 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,606 
5,070 
8
Average number of employees
During the period the average number of employees was 1 (2023: 2).
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