1 December 2023 false No description of principal activity Taxfiler 2024.6 11085813 business:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11085813 2023-11-30 11085813 2023-12-01 2024-11-30 11085813 business:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11085813 business:FilletedAccounts 2023-12-01 2024-11-30 11085813 2024-11-30 11085813 business:Director1 2023-12-01 2024-11-30 11085813 business:Director2 2023-12-01 2024-11-30 11085813 business:RegisteredOffice 2023-12-01 2024-11-30 11085813 2023-11-30 11085813 core:WithinOneYear 2024-11-30 11085813 core:WithinOneYear 2023-11-30 11085813 core:ShareCapital core:PreviouslyStatedAmount 2024-11-30 11085813 core:ShareCapital core:PreviouslyStatedAmount 2023-11-30 11085813 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-11-30 11085813 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-11-30 11085813 core:PreviouslyStatedAmount 2024-11-30 11085813 core:PreviouslyStatedAmount 2023-11-30 11085813 business:SmallEntities 2023-12-01 2024-11-30 11085813 countries:EnglandWales 2023-12-01 2024-11-30 11085813 core:MotorVehicles 2023-11-30 11085813 core:MotorVehicles 2024-11-30 11085813 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Company Registration No. 11085813 (England and Wales)
MICHAEL86 LTD Unaudited accounts for the year ended 30 November 2024
MICHAEL86 LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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MICHAEL86 LTD Company Information for the year ended 30 November 2024
Directors
Mihai-Sorin Strungareanu Mihai-Sorin Strungareanu
Company Number
11085813 (England and Wales)
Registered Office
87 Grasmere Gardens Harrow Middlesex HA3 7PS England
Accountants
CMA Group Limited Maylands Business Centre Redbourn Road Hemel Hempstead England HP2 7ES
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MICHAEL86 LTD Statement of financial position as at 30 November 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
720
720
Current assets
Cash at bank and in hand
9
48
Creditors: amounts falling due within one year
5
(947)
(1,093)
Net current liabilities
(938)
(1,045)
Net liabilities
(218)
(325)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(318)
(425)
Shareholders' funds
(218)
(325)
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by
Mihai-Sorin Strungareanu Director Company Registration No. 11085813
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MICHAEL86 LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
MICHAEL86 LTD is a private company, limited by shares, registered in England and Wales, registration number 11085813. The registered office is 87 Grasmere Gardens, Harrow, Middlesex, HA3 7PS, 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 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:
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 December 2023
4,800
At 30 November 2024
4,800
Depreciation
At 1 December 2023
4,080
At 30 November 2024
4,080
Net book value
At 30 November 2024
720
At 30 November 2023
720
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
-
5,580
Loans from directors
947
(4,487)
947
1,093
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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