1 01/12/2022 30/11/2023 2023-11-30 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-12-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09862585 2022-12-01 2023-11-30 09862585 2023-11-30 09862585 2022-11-30 09862585 2021-12-01 2022-11-30 09862585 2022-11-30 09862585 2021-11-30 09862585 bus:RegisteredOffice 2022-12-01 2023-11-30 09862585 bus:LeadAgentIfApplicable 2022-12-01 2023-11-30 09862585 bus:Director1 2022-12-01 2023-11-30 09862585 core:LandBuildings core:ShortLeaseholdAssets 2022-11-30 09862585 core:FurnitureFittingsToolsEquipment 2022-11-30 09862585 core:LandBuildings core:ShortLeaseholdAssets 2023-11-30 09862585 core:FurnitureFittingsToolsEquipment 2023-11-30 09862585 core:WithinOneYear 2023-11-30 09862585 core:WithinOneYear 2022-11-30 09862585 core:ShareCapital 2023-11-30 09862585 core:ShareCapital 2022-11-30 09862585 core:RetainedEarningsAccumulatedLosses 2023-11-30 09862585 core:RetainedEarningsAccumulatedLosses 2022-11-30 09862585 core:LandBuildings core:ShortLeaseholdAssets 2022-12-01 2023-11-30 09862585 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 09862585 core:LandBuildings core:ShortLeaseholdAssets 2022-11-30 09862585 core:FurnitureFittingsToolsEquipment 2022-11-30 09862585 bus:Director1 2022-11-30 09862585 bus:Director1 2023-11-30 09862585 bus:Director1 2021-11-30 09862585 bus:Director1 2022-11-30 09862585 bus:Director1 2021-12-01 2022-11-30 09862585 bus:SmallEntities 2022-12-01 2023-11-30 09862585 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 09862585 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 09862585 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09862585 bus:FullAccounts 2022-12-01 2023-11-30 09862585 core:ComputerEquipment 2023-11-30 09862585 core:ComputerEquipment 2022-11-30 09862585 core:ComputerEquipment 2022-12-01 2023-11-30
Company registration number: 09862585
Michaela Henshaw Limited
Unaudited filleted financial statements
30 November 2023
Michaela Henshaw Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Michaela Henshaw Limited
Directors and other information
Director Mrs Michaela Hancox
Company number 09862585
Registered office 14 Highfield Avenue
Harpenden
AL5 5UA
Accountants Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
Michaela Henshaw Limited
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Michaela Henshaw Limited
Year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Michaela Henshaw Limited for the year ended 30 November 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Michaela Henshaw Limited, as a body, in accordance with the terms of our engagement letter dated 14 August 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Michaela Henshaw Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Michaela Henshaw Limited and its director as a body for our work or for this report.
It is your duty to ensure that Michaela Henshaw Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Michaela Henshaw Limited. You consider that Michaela Henshaw Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Michaela Henshaw Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
9 August 2024
Michaela Henshaw Limited
Statement of financial position
30 November 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 39 801
_______ _______
39 801
Current assets
Debtors 6 24,129 15,105
Cash at bank and in hand 95,441 102,773
_______ _______
119,570 117,878
Creditors: amounts falling due
within one year 7 ( 97,443) ( 75,101)
_______ _______
Net current assets 22,127 42,777
_______ _______
Total assets less current liabilities 22,166 43,578
_______ _______
Net assets 22,166 43,578
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 22,066 43,478
_______ _______
Shareholders funds 22,166 43,578
_______ _______
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 09 August 2024 , and are signed on behalf of the board by:
Mrs Michaela Hancox
Director
Company registration number: 09862585
Michaela Henshaw Limited
Notes to the financial statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 14 Highfield Avenue, Harpenden, AL5 5UA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property - 7 years straight line
Fittings fixtures and equipment - 5 years straight line
Computer equipment - 2 years straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Short leasehold property Fixtures, fittings and equipment Computer equipment Total
£ £ £ £
Cost
At 1 December 2022 and 30 November 2023 10,351 556 1,667 12,574
_______ _______ _______ _______
Depreciation
At 1 December 2022 9,983 555 1,235 11,773
Charge for the year 367 - 395 762
_______ _______ _______ _______
At 30 November 2023 10,350 555 1,630 12,535
_______ _______ _______ _______
Carrying amount
At 30 November 2023 1 1 37 39
_______ _______ _______ _______
At 30 November 2022 368 1 432 801
_______ _______ _______ _______
6. Debtors
2023 2022
£ £
Trade debtors 23,803 14,656
Other debtors 326 449
_______ _______
24,129 15,105
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Corporation tax 10,864 8,700
Social security and other taxes 7,755 3,869
Other creditors 78,824 62,532
_______ _______
97,443 75,101
_______ _______
8. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward Amounts repaid Balance o/standing
£ £ £
Mrs Michaela Hancox ( 59,112) 13,100 ( 46,012)
_______ _______ _______
2022
Balance brought forward Amounts repaid Balance o/standing
£ £ £
Mrs Michaela Hancox ( 59,490) 378 ( 59,112)
_______ _______ _______