Company Registration No. 07374929 (England and Wales)
Mike Stevens Ltd
Unaudited accounts
for the year ended 30 September 2024
Mike Stevens Ltd
Unaudited accounts
Contents
Mike Stevens Ltd
Company Information
for the year ended 30 September 2024
Company Number
07374929 (England and Wales)
Registered Office
128 City Road
London
EC1V 2NX
Accountants
Sue Kowszun, Harlequin Accounting & Financial Services Ltd
Bancroft, Mill Road
West chiltington
Pulborough
West Sussex
RH20 2PZ
Mike Stevens Ltd
Statement of financial position
as at 30 September 2024
Intangible assets
34,675
34,675
Tangible assets
4,020
5,678
Investment property
507,330
507,330
Cash at bank and in hand
677,650
576,197
Creditors: amounts falling due within one year
(82,312)
(35,954)
Net current assets
668,076
548,224
Net assets
1,214,101
1,095,907
Called up share capital
1
1
Profit and loss account
1,214,100
1,095,906
Shareholders' funds
1,214,101
1,095,907
For the year ending 30 September 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 his 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 31 March 2025 and were signed on its behalf by
Michael Stevens
Director
Company Registration No. 07374929
Mike Stevens Ltd
Notes to the Accounts
for the year ended 30 September 2024
Mike Stevens Ltd is a private company, limited by shares, registered in England and Wales, registration number 07374929. The registered office is 128 City Road, London, EC1V 2NX.
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 remained unchanged from the previous year, and also 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:
Fixtures & fittings
20% on a reducing balance basis
Computer equipment
20% on cost
No depreciation is provided on the freehold property as it is the company's policy to maintain the property by a programme of repair and refurbishment such that the residual value of the property is at least equal to the book value. Having regard to this, in the opinion of the director, any depreciation required by the Companies Act 2006 would not be material.
Intangible fixed assets relates to purchased goodwill from Mike Stevens as a sole trader and relates to him specifically. It has not been amortised.
Mike Stevens Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Intangible fixed assets
Goodwill
At 30 September 2024
34,675
At 30 September 2024
34,675
At 30 September 2023
34,675
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
38,146
1,247
39,393
At 30 September 2024
38,146
1,247
39,393
At 1 October 2023
33,465
250
33,715
Charge for the year
1,459
199
1,658
At 30 September 2024
34,924
449
35,373
At 30 September 2024
3,222
798
4,020
At 30 September 2023
4,681
997
5,678
Fair value at 1 October 2023
507,330
At 30 September 2024
507,330
Freehold investment property is held at cost. It is the company's policy to maintain the property by a programme of repair and refurbishment such that the residual value of the property is at least equal to the book value.
Amounts falling due within one year
Trade debtors
72,737
7,980
Mike Stevens Ltd
Notes to the Accounts
for the year ended 30 September 2024
8
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
47,798
21,023
Loans from directors
1,311
1,672
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).