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REGISTERED NUMBER: 11246126 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Michaels Commercial Ltd

Michaels Commercial Ltd (Registered number: 11246126)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

Michaels Commercial Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M N Everard
M J Rayner
M C Simpson





SECRETARY:





REGISTERED OFFICE: Rebow House
62 Head Street
Colchester
Essex
CO1 1PB





REGISTERED NUMBER: 11246126 (England and Wales)





ACCOUNTANTS: RBS Accountancy Ltd
Suite 17
Cautrac Serviced Offices
Great Horkesley
Colchester
Essex
CO6 4EJ

Michaels Commercial Ltd (Registered number: 11246126)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 110 137

CURRENT ASSETS
Debtors 5 19,424 16,553
Cash at bank and in hand 1,126 2,353
20,550 18,906
CREDITORS
Amounts falling due within one year 6 20,555 8,555
NET CURRENT (LIABILITIES)/ASSETS (5 ) 10,351
TOTAL ASSETS LESS CURRENT
LIABILITIES

105

10,488

CREDITORS
Amounts falling due after more than one
year

7

10,985

10,455
NET (LIABILITIES)/ASSETS (10,880 ) 33

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (10,980 ) (67 )
SHAREHOLDERS' FUNDS (10,880 ) 33

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Michaels Commercial Ltd (Registered number: 11246126)

Balance Sheet - continued
31 December 2023


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 18 September 2024 and were signed on its behalf by:




M J Rayner - Director



M C Simpson - Director


Michaels Commercial Ltd (Registered number: 11246126)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Michaels Commercial Ltd 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.
Computer equipment - 20% 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 3 (2022 - 3 ) .

Michaels Commercial Ltd (Registered number: 11246126)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 419
DEPRECIATION
At 1 January 2023 282
Charge for year 27
At 31 December 2023 309
NET BOOK VALUE
At 31 December 2023 110
At 31 December 2022 137

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 19,424 16,553

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 180 180
Taxation and social security 20,375 3,880
Other creditors - 4,495
20,555 8,555

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 10,985 10,455

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 10,985 10,455

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Michaels Commercial Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Michaels Commercial Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Michaels Commercial Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Michaels Commercial Ltd and state those matters that we have agreed to state to the Board of Directors of Michaels Commercial Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Michaels Commercial Ltd 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 loss of Michaels Commercial Ltd. You consider that Michaels Commercial Ltd 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 Michaels Commercial Ltd. 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.






RBS Accountancy Ltd
Suite 17
Cautrac Serviced Offices
Great Horkesley
Colchester
Essex
CO6 4EJ


18 September 2024