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REGISTERED NUMBER: 04458015 (England and Wales)















MICHAEL CALLAN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






MICHAEL CALLAN LIMITED (REGISTERED NUMBER: 04458015)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MICHAEL CALLAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: M Callan





REGISTERED OFFICE: Overstream Cottage
Overstream
Loudwater
Hertfordshire
WD3 4LD





REGISTERED NUMBER: 04458015 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

MICHAEL CALLAN LIMITED (REGISTERED NUMBER: 04458015)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 17,828 2,901
17,828 2,901

CURRENT ASSETS
Debtors 6 13,148 1,856
Cash at bank 326,942 311,318
340,090 313,174
CREDITORS
Amounts falling due within one year 7 21,133 17,712
NET CURRENT ASSETS 318,957 295,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,785

298,363

PROVISIONS FOR LIABILITIES 123 520
NET ASSETS 336,662 297,843

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 336,562 297,743
SHAREHOLDERS' FUNDS 336,662 297,843

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

MICHAEL CALLAN LIMITED (REGISTERED NUMBER: 04458015)

BALANCE SHEET - continued
30 JUNE 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 September 2024 and were signed by:





M Callan - Director


MICHAEL CALLAN LIMITED (REGISTERED NUMBER: 04458015)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Michael Callan 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Vehicle registration are being amortised evenly over their estimated useful life of five years.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

MICHAEL CALLAN LIMITED (REGISTERED NUMBER: 04458015)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 1,300
AMORTISATION
At 1 July 2023
and 30 June 2024 1,300
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 25,110
Additions 20,870
At 30 June 2024 45,980
DEPRECIATION
At 1 July 2023 22,209
Charge for year 5,943
At 30 June 2024 28,152
NET BOOK VALUE
At 30 June 2024 17,828
At 30 June 2023 2,901

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 13,017 1,856
Other debtors 131 -
13,148 1,856

MICHAEL CALLAN LIMITED (REGISTERED NUMBER: 04458015)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 19,737 17,682
Other creditors 1,396 30
21,133 17,712

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £17,800 were paid to the director .

As at the balance sheet date the company owed the director M Callan £63 (2023-£6).

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Callan by virtue of his 100% shareholding in the company.