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REGISTERED NUMBER: 11578056 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Michael Cerny Limited

Michael Cerny Limited (Registered number: 11578056)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Michael Cerny Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: M Cerny





REGISTERED OFFICE: 82a James Carter Road
Mildenhall
Suffolk
IP28 7DE





REGISTERED NUMBER: 11578056 (England and Wales)





ACCOUNTANTS: HCL Accountancy Limited
26 Dorset Gardens
Rochford
Essex
SS4 3AH

Michael Cerny Limited (Registered number: 11578056)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
CURRENT ASSETS
Debtors 5 303 305
Cash at bank 20,475 38,194
20,778 38,499
CREDITORS
Amounts falling due within one year 6 41,812 56,308
NET CURRENT LIABILITIES (21,034 ) (17,809 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,034

)

(17,809

)

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (21,035 ) (17,810 )
SHAREHOLDERS' FUNDS (21,034 ) (17,809 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 June 2025 and were signed by:





M Cerny - Director


Michael Cerny Limited (Registered number: 11578056)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Michael Cerny Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Gain/(loss) from contracts for difference
Contract for differences are measured as the margin between the opening position and closing position on a contract recorded as either a gain or loss.

Contract for differences are measured at the market value as at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Michael Cerny Limited (Registered number: 11578056)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2023
and 30 September 2024 1,421
DEPRECIATION
At 1 October 2023
and 30 September 2024 1,421
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 303 305

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 40 16
Other creditors 41,772 56,292
41,812 56,308

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1 Ordinary £1 1 1

8. RELATED PARTY DISCLOSURES

Loans by directors

At the balance sheet date the company owed M Cerny £40,398 included within other creditors due within one year.

9. ULTIMATE CONTROLLING PARTY

The controlling party is M Cerny.

10. GOING CONCERN

As at the balance sheet date the company had a net deficiency of assets of £21,034 after a net loss before taxation of £3,225 for the period. The continuation of the Company's activities is dependent on the support of its director. The financial statements are therefore drawn up under the historical cost convention and on a going concern.