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
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
MICHAELSON&SON LTD
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
306
1,178
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)
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
MICHAELSON&SON LTD
Notes to the Accounts
for the period from 18 March 2023 to 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
At 18 March 2023
500
322
822
Charge for the period
106
68
174
At 29 February 2024
606
390
996
At 29 February 2024
508
328
836
At 17 March 2023
614
396
1,010
MICHAELSON&SON LTD
Notes to the Accounts
for the period from 18 March 2023 to 29 February 2024
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
(1)
5,150
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the period the average number of employees was 1 (2023: 2).