1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 05715249 2023-03-01 2024-02-28 05715249 2024-02-28 05715249 2023-02-28 05715249 2022-03-01 2023-02-28 05715249 2023-02-28 05715249 2022-02-28 05715249 bus:Director1 2023-03-01 2024-02-28 05715249 core:WithinOneYear 2024-02-28 05715249 core:WithinOneYear 2023-02-28 05715249 bus:Micro-entities 2023-03-01 2024-02-28 05715249 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 05715249 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 05715249 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 05715249 bus:FullAccounts 2023-03-01 2024-02-28
COMPANY REGISTRATION NUMBER: 05715249
Michael Newton Limited
Filleted Unaudited Financial Statements
28 February 2024
Michael Newton Limited
Statement of Financial Position
28 February 2024
2024
2023
£
£
£
Fixed assets
11,407
11,457
--------
--------
Current assets
19,184
31,012
Prepayments and accrued income
50
317
--------
--------
19,234
31,329
Creditors: amounts falling due within one year
14,962
13,257
--------
--------
Net current assets
4,272
18,072
--------
--------
Total assets less current liabilities
15,679
29,529
Accruals and deferred income
3,098
3,125
--------
--------
12,581
26,404
--------
--------
Capital and reserves
12,581
26,404
--------
--------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
2. Director's advances, credits and guarantees
As at 28th February 2023 the director had an overdrawn loan account of £19,959 with the company, the loan was repaid by the director on 28th February 2024. Interest of 2.25% per annum (2023 - 2%) has been charged on the loan account by the company.
For the year ending 28 February 2024 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 his 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 in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 5 November 2024 , and are signed on behalf of the board by:
Mr M Newton
Director
Company registration number: 05715249
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Hest Bank Road, Bare, Morecambe, Lancashire, LA4 6HJ.