IRIS Accounts Production v24.1.0.578 04156383 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041563832023-02-28041563832024-02-29041563832023-03-012024-02-29041563832022-02-28041563832022-03-012023-02-28041563832023-02-2804156383ns15:EnglandWales2023-03-012024-02-2904156383ns14:PoundSterling2023-03-012024-02-2904156383ns10:Director12023-03-012024-02-2904156383ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2904156383ns10:SmallEntities2023-03-012024-02-2904156383ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2904156383ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2904156383ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2904156383ns10:FullAccounts2023-03-012024-02-2904156383ns10:Director22023-03-012024-02-2904156383ns10:Director32023-03-012024-02-2904156383ns10:RegisteredOffice2023-03-012024-02-2904156383ns5:CurrentFinancialInstruments2024-02-2904156383ns5:CurrentFinancialInstruments2023-02-2804156383ns5:ShareCapital2024-02-2904156383ns5:ShareCapital2023-02-2804156383ns5:RetainedEarningsAccumulatedLosses2024-02-2904156383ns5:RetainedEarningsAccumulatedLosses2023-02-2804156383ns5:PlantMachinery2023-03-012024-02-2904156383ns5:PlantMachinery2023-02-2804156383ns5:PlantMachinery2024-02-2904156383ns5:PlantMachinery2023-02-2804156383ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2904156383ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28
REGISTERED NUMBER: 04156383 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

MICHAEL USHER MORTGAGE SERVICES LIMITED

MICHAEL USHER MORTGAGE SERVICES LIMITED (REGISTERED NUMBER: 04156383)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MICHAEL USHER MORTGAGE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: M C Usher
M Atkins





REGISTERED OFFICE: 84-88 High Street
Frimley
Camberley
Surrey
GU16 7JE





REGISTERED NUMBER: 04156383 (England and Wales)





ACCOUNTANTS: Centora Ltd
Jury Farm, Ripley Lane
West Horsley
Surrey
KT24 6JT

MICHAEL USHER MORTGAGE SERVICES LIMITED (REGISTERED NUMBER: 04156383)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 125,663 132,453

CURRENT ASSETS
Debtors 5 300,747 296,255
Cash at bank 61,551 275,016
362,298 571,271
CREDITORS
Amounts falling due within one year 6 78,009 149,361
NET CURRENT ASSETS 284,289 421,910
TOTAL ASSETS LESS CURRENT LIABILITIES 409,952 554,363

PROVISIONS FOR LIABILITIES 23,230 24,494
NET ASSETS 386,722 529,869

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 386,620 529,767
386,722 529,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

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 Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





M Atkins - Director


MICHAEL USHER MORTGAGE SERVICES LIMITED (REGISTERED NUMBER: 04156383)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Michael Usher Mortgage Services 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.
Plant and machinery etc - 25% on reducing balance and 15% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 23 ) .

MICHAEL USHER MORTGAGE SERVICES LIMITED (REGISTERED NUMBER: 04156383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 357,586
Additions 11,468
At 29 February 2024 369,054
DEPRECIATION
At 1 March 2023 225,133
Charge for year 18,258
At 29 February 2024 243,391
NET BOOK VALUE
At 29 February 2024 125,663
At 28 February 2023 132,453

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 1,595 1,255
Other debtors 299,152 295,000
300,747 296,255

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 1,151 55,489
Taxation and social security 32,549 44,526
Other creditors 44,309 49,346
78,009 149,361