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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
Page
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Michaels Trading Limited Company Information for the period from 15 December 2023 to 31 December 2024
Director
Sevim Michaels
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
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Michaels Trading Limited Statement of financial position as at 31 December 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
43,925 
Current assets
Inventories
4,000 
Debtors
7,314 
Cash at bank and in hand
1,438 
12,752 
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)
Net liabilities
(45,192)
Capital and reserves
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
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Michaels Trading Limited Notes to the Accounts for the period from 15 December 2023 to 31 December 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
33%
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 
Depreciation
Charge for the period
1,574 
5,334 
4,725 
11,633 
At 31 December 2024
1,574 
5,334 
4,725 
11,633 
Net book value
At 31 December 2024
6,350 
18,374 
19,201 
43,925 
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Michaels Trading Limited Notes to the Accounts for the period from 15 December 2023 to 31 December 2024
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
314 
Amounts falling due after more than one year
Other debtors
7,000 
6
Creditors: amounts falling due within one year
2024 
£ 
Bank loans and overdrafts
3,472 
VAT
37,311 
Obligations under finance leases and hire purchase contracts
5,373 
Trade creditors
25,624 
Taxes and social security
10,293 
Loans from directors
382 
82,455 
7
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
3,204 
Obligations under finance leases and hire purchase contracts
16,210 
19,414 
8
Average number of employees
During the period the average number of employees was 11.
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