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Company Registration No. 04479570 (England and Wales)
Michele Newman Ltd Unaudited accounts for the year ended 31 July 2025
Michele Newman Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Michele Newman Ltd Company Information for the year ended 31 July 2025
Director
Michele Newman
Company Number
04479570 (England and Wales)
Registered Office
6 LONSDALE ROAD HARBORNE BIRMINGHAM B17 9RA
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Michele Newman Ltd Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Current assets
Inventories
4,950
4,475
Debtors
5
2,736
6,534
Cash at bank and in hand
885
1,875
8,571
12,884
Creditors: amounts falling due within one year
6
(11,034)
(12,847)
Net current (liabilities)/assets
(2,463)
37
Net (liabilities)/assets
(2,463)
37
Capital and reserves
Called up share capital
1
1
Profit and loss account
(2,464)
36
Shareholders' funds
(2,463)
37
For the year ending 31 July 2025 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 her 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 1 December 2025 and were signed on its behalf by
Michele Newman Director Company Registration No. 04479570
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Michele Newman Ltd Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Michele Newman Ltd is a private company, limited by shares, registered in England and Wales, registration number 04479570. The registered office is 6 LONSDALE ROAD, HARBORNE, BIRMINGHAM, B17 9RA.
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.
Going concern
The accounts have been prepared on a going concern basis.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 August 2024
30,000
At 31 July 2025
30,000
Amortisation
At 1 August 2024
30,000
At 31 July 2025
30,000
Net book value
At 31 July 2025
-
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Michele Newman Ltd Notes to the Accounts for the year ended 31 July 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
2,736
2,736
Other debtors
-
3,798
2,736
6,534
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
8,917
9,757
Trade creditors
2,277
1,432
Taxes and social security
(1,034)
949
Other creditors
141
25
Loans from directors
49
-
Accruals
684
684
11,034
12,847
7
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Michele Newman
Loans to director
2,496
-
2,545
(49)
2,496
-
2,545
(49)
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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