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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
Page
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Mike Stevens Ltd Company Information for the year ended 30 September 2024
Director
Michael Stevens
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
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Mike Stevens Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
34,675 
34,675 
Tangible assets
4,020 
5,678 
Investment property
507,330 
507,330 
546,025 
547,683 
Current assets
Debtors
72,738 
7,981 
Cash at bank and in hand
677,650 
576,197 
750,388 
584,178 
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 
Capital and reserves
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
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Mike Stevens Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
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:
Fixtures & fittings
20% on a reducing balance basis
Computer equipment
20% on cost
Investment property
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
Intangible fixed assets relates to purchased goodwill from Mike Stevens as a sole trader and relates to him specifically. It has not been amortised.
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Mike Stevens Ltd Notes to the Accounts for the year ended 30 September 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 October 2023
34,675 
At 30 September 2024
34,675 
Amortisation
At 1 October 2023
- 
At 30 September 2024
- 
Net book value
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 
Depreciation
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 
Net book value
At 30 September 2024
3,222 
798 
4,020 
At 30 September 2023
4,681 
997 
5,678 
6
Investment property
2024 
£ 
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.
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
72,737 
7,980 
Other debtors
1 
1 
72,738 
7,981 
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Mike Stevens Ltd Notes to the Accounts for the year ended 30 September 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
30,243 
11,300 
Taxes and social security
47,798 
21,023 
Other creditors
727 
334 
Loans from directors
1,311 
1,672 
Accruals
2,233 
1,625 
82,312 
35,954 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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