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REGISTERED NUMBER: 04156383 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

MICHAEL USHER MORTGAGE SERVICES LIMITED

MICHAEL USHER MORTGAGE SERVICES LIMITED (REGISTERED NUMBER: 04156383)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MICHAEL USHER MORTGAGE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: M C Usher
M Atkins





REGISTERED OFFICE: 84-88 High Street
Frimley
Camberley
Surrey
GU16 7JE





REGISTERED NUMBER: 04156383 (England and Wales)





ACCOUNTANTS: Centora James Limited
Jury Farm
Ripley Lane
West Horsley
KT24 6JT

MICHAEL USHER MORTGAGE SERVICES LIMITED (REGISTERED NUMBER: 04156383)

BALANCE SHEET
28 FEBRUARY 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 136,564 125,663

CURRENT ASSETS
Debtors 5 296,818 300,747
Cash at bank 119,061 61,551
415,879 362,298
CREDITORS
Amounts falling due within one year 6 105,089 78,009
NET CURRENT ASSETS 310,790 284,289
TOTAL ASSETS LESS CURRENT LIABILITIES 447,354 409,952

CREDITORS
Amounts falling due after more than one year 7 (22,743 ) -

PROVISIONS FOR LIABILITIES (26,796 ) (23,230 )
NET ASSETS 397,815 386,722

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 397,713 386,620
397,815 386,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 June 2025 and were signed on its behalf by:




M Atkins - Director


MICHAEL USHER MORTGAGE SERVICES LIMITED (REGISTERED NUMBER: 04156383)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

Michael Usher Mortgage Services 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 22 ) .

MICHAEL USHER MORTGAGE SERVICES LIMITED (REGISTERED NUMBER: 04156383)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2024 369,054
Additions 30,056
At 28 February 2025 399,110
DEPRECIATION
At 1 March 2024 243,391
Charge for year 19,155
At 28 February 2025 262,546
NET BOOK VALUE
At 28 February 2025 136,564
At 29 February 2024 125,663

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 1,818 1,595
Other debtors 295,000 299,152
296,818 300,747

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade creditors 3,265 1,151
Taxation and social security 75,299 32,549
Other creditors 26,525 44,309
105,089 78,009

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.25 29.2.24
£    £   
Hire purchase contracts 22,743 -