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REGISTERED NUMBER: 04724484 (England and Wales)
















Unaudited Financial Statements for the Year Ended 30 April 2024

for


Mike Breese Limited


Mike Breese Limited (Registered number: 04724484)







Contents of the Financial Statements

for the Year Ended 30 April 2024





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

3




Mike Breese Limited


Company Information

for the Year Ended 30 April 2024









DIRECTOR:

MD Breese







SECRETARY:

Ms EE Breese







REGISTERED OFFICE:

26 Bell Street


Sawbridgeworth


Hertfordshire


CM21 9AN







REGISTERED NUMBER:

04724484 (England and Wales)







ACCOUNTANTS:

Lawrence & Company


Chartered Certified Accountants


26 Bell Street


Sawbridgeworth


Hertfordshire


CM21 9AN


Mike Breese Limited (Registered number: 04724484)


Balance Sheet

30 April 2024



30.4.24

30.4.23



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

3,907


4,156




CURRENT ASSETS

Debtors

5

153,870


16,765



Investments

6

65,754


60,639



Cash at bank

166,884


307,065



386,508


384,469



CREDITORS

Amounts falling due within one year

7

11,284


14,398



NET CURRENT ASSETS

375,224


370,071



TOTAL ASSETS LESS CURRENT

LIABILITIES

379,131


374,227




CAPITAL AND RESERVES

Called up share capital

100


100



Share premium

8

900


900



Retained earnings

8

378,131


373,227



SHAREHOLDERS' FUNDS

379,131


374,227




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.  


The director acknowledges his 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.

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 director and authorised for issue on 15 May 2024 and were signed by:






MD Breese - Director



Mike Breese Limited (Registered number: 04724484)


Notes to the Financial Statements

for the Year Ended 30 April 2024


1.

STATUTORY INFORMATION



Mike Breese 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.


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.  


Fixtures and fittings

-

25% on reducing balance


Computer equipment

-

25% on reducing balance



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.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 1 (2023 - 1 ) .


Mike Breese Limited (Registered number: 04724484)


Notes to the Financial Statements - continued

for the Year Ended 30 April 2024


4.

TANGIBLE FIXED ASSETS


Fixtures



and


Computer



fittings


equipment


Totals

£   

£   

£   



COST


At 1 May 2023

8,940


3,074


12,014




Additions

-


1,179


1,179




Disposals

-


(1,615

)

(1,615

)



At 30 April 2024

8,940


2,638


11,578




DEPRECIATION


At 1 May 2023

5,918


1,940


7,858




Charge for year

756


547


1,303




Eliminated on disposal

-


(1,490

)

(1,490

)



At 30 April 2024

6,674


997


7,671




NET BOOK VALUE


At 30 April 2024

2,266


1,641


3,907




At 30 April 2023

3,022


1,134


4,156




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



30.4.24


30.4.23

£   

£   



Trade debtors

3,870


15,265




Other debtors

50,000


1,500




Directors' current accounts

100,000


-



153,870


16,765




6.

CURRENT ASSET INVESTMENTS


30.4.24


30.4.23

£   

£   



Other

65,754


60,639




7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



30.4.24


30.4.23

£   

£   



Tax

5,798


10,293




Social security and other taxes

2,798


1,455




Directors' current accounts

-


310




Accrued expenses

2,688


2,340



11,284


14,398




Mike Breese Limited (Registered number: 04724484)


Notes to the Financial Statements - continued

for the Year Ended 30 April 2024


8.

RESERVES


Retained


Share



earnings


premium


Totals

£   

£   

£   




At 1 May 2023

373,227


900


374,127




Profit for the year

24,468


24,468




Dividends

(19,564

)

(19,564

)



At 30 April 2024

378,131


900


379,031




9.

DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES



The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:



30.4.24


30.4.23

£   

£   



MD Breese


Balance outstanding at start of year

(310

)

(15

)



Amounts advanced

(54,315

)

(16,511

)



Amounts repaid

154,625


16,216




Amounts written off

-


-




Amounts waived

-


-




Balance outstanding at end of year

100,000


(310

)



Mr MD Breese, the sole director of Mike Breese Limited, and owner along with close family members of 100% of issued share capital operates a loan account to facilitate some of the financial transactions of the company. The movements in MD Breese loan account are summarised above.The £100,000 loan will be repaid on or before 31 January 2025.

10.

RELATED PARTY DISCLOSURES



During the year, total dividends of £3,664 (2023 - £16,000) were paid to the director .