Company Registration No. 15353167 (England and Wales)
Michaels Trading Limited
Unaudited accounts
for the period from 15 December 2023 to 31 December 2024
Michaels Trading Limited
Unaudited accounts
Contents
Michaels Trading Limited
Company Information
for the period from 15 December 2023 to 31 December 2024
Company Number
15353167 (England and Wales)
Registered Office
Teastones
3-4 Sun Street
Canterbury
Kent
CT1 2HX
England
Accountants
Sankey Bookkeeping & Accountancy Ltd
Sankey Cottage
Orgarswick Farm Lane
Burmarsh
Romney Marsh
Kent
TN29 0HX
Michaels Trading Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
1,438
Creditors: amounts falling due within one year
(82,455)
Net current liabilities
(69,703)
Total assets less current liabilities
(25,778)
Creditors: amounts falling due after more than one year
(19,414)
Called up share capital
100
Profit and loss account
(45,292)
Shareholders' funds
(45,192)
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 February 2025 and were signed on its behalf by
Sevim Michaels
Director
Company Registration No. 15353167
Michaels Trading Limited
Notes to the Accounts
for the period from 15 December 2023 to 31 December 2024
Michaels Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 15353167. The registered office is Teastones, 3-4 Sun Street, Canterbury, Kent, CT1 2HX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 15 December 2023
-
-
-
-
Additions
7,924
23,708
23,926
55,558
At 31 December 2024
7,924
23,708
23,926
55,558
Charge for the period
1,574
5,334
4,725
11,633
At 31 December 2024
1,574
5,334
4,725
11,633
At 31 December 2024
6,350
18,374
19,201
43,925
Michaels Trading Limited
Notes to the Accounts
for the period from 15 December 2023 to 31 December 2024
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
Bank loans and overdrafts
3,472
Obligations under finance leases and hire purchase contracts
5,373
Taxes and social security
10,293
7
Creditors: amounts falling due after more than one year
2024
Obligations under finance leases and hire purchase contracts
16,210
8
Average number of employees
During the period the average number of employees was 11.