REGISTERED NUMBER: 04563703 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

MICHAEL LEVY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M L Levy

Ms K Katz

SECRETARY:

Ms K Katz

REGISTERED OFFICE:

Carlton House

28-29 Carlton Terrace

Portslade

Brighton

East Sussex

BN41 1XF

REGISTERED NUMBER:

04563703 (England and Wales)

ACCOUNTANTS:

MDJ Services Limited

Unit A6

Chaucer Business Park

Dittons Road

Polegate

East Sussex

BN26 6QH

FIXED ASSETS

Tangible assets

4

1,173

1,383

CURRENT ASSETS

Stocks

125,505

178,490

Debtors

5

13,272

7,639

Cash at bank and in hand

73,608

102,074

212,385

288,203

CREDITORS

Amounts falling due within one year

6

62,931

148,623

NET CURRENT ASSETS

149,454

139,580

TOTAL ASSETS LESS CURRENT LIABILITIES

150,627

140,963

CREDITORS

Amounts falling due after more than one year

7

(4,394

)

(14,800

)

PROVISIONS FOR LIABILITIES

(293

)

(263

)

NET ASSETS

145,940

125,900

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

145,840

125,800

SHAREHOLDERS' FUNDS

145,940

125,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 25 September 2025 and were signed on its behalf by:

M L Levy - Director

Ms K Katz - Director

1.	STATUTORY INFORMATION

Michael Levy 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

-

4,503

1,590

6,093

Additions

400

-

-

400

At 31 December 2024

400

4,503

1,590

6,493

DEPRECIATION

At 1 January 2024

-

3,374

1,336

4,710

Charge for year

100

282

228

610

At 31 December 2024

100

3,656

1,564

5,320

NET BOOK VALUE

At 31 December 2024

300

847

26

1,173

At 31 December 2023

-

1,129

254

1,383

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

10,194

4,379

Prepayments

3,078

3,260

13,272

7,639

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,397

10,140

Trade creditors

18,187

21,360

Tax

11,466

10,031

Social security and other taxes

129

-

VAT

97

4,001

Other creditors

3,061

2,668

Directors' current accounts

17,594

98,048

Accrued expenses

2,000

2,375

62,931

148,623

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

4,394

14,800

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100