MICHAEL WILLIAMS ASSOCIATES LIMITED


Directors	HEALES, Michael James
	PRICE, Neil David
	WILLIAMS, David Brian


Company Secretary	WILLIAMS, Brian John


Registered Address	Create Business Hub, Ground Floor 5 Rayleigh Road
	Hutton
	Brentwood
	CM13 1AB


Registered Number	04981905 (England and Wales)

Balance Sheet as at
30 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		4,576		3,919
			4,576		3,919
Current assets
Debtors		63,449		75,989
Current asset investments	4	1,372		1,372
Cash at bank and on hand		147,148		90,874
		211,969		168,235
Creditors amounts falling due within one year	5	(184,293)		(137,156)
Net current assets (liabilities)			27,676		31,079
Total assets less current liabilities			32,252		34,998
Creditors amounts falling due after one year	6		(28,495)		(34,412)
Net assets			3,757		586
Capital and reserves
Called up share capital			1,006		1,006
Profit and loss account			2,751		(420)
Shareholders' funds			3,757		586

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 17 December 2025, and are signed on its behalf by:

PRICE, Neil David
Director
Registered Company No. 04981905

MICHAEL WILLIAMS ASSOCIATES LIMITED

Notes to the Financial Statements
for the period ended 30 December 2024

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 January 24	11,178	10,777	21,955
Additions	-	1,801	1,801
At 30 December 24	11,178	12,578	23,756
Depreciation and impairment
At 01 January 24	8,497	9,539	18,036
Charge for year	536	608	1,144
At 30 December 24	9,033	10,147	19,180
Net book value
At 30 December 24	2,145	2,431	4,576
At 31 December 23	2,681	1,238	3,919

4.	Current asset investments

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	7,212	7,777
Taxation and social security	133,120	86,618
Other creditors	38,438	38,438
Accrued liabilities and deferred income	5,523	4,323
Total	184,293	137,156

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	28,495	34,412
Total	28,495	34,412