Michael Finn & Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04701624

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Michael Finn & Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

MBJ Finn

SECRETARY:

J E Finn

REGISTERED OFFICE:

Myrtle House

High Street

Henfield

W Sussex

BN5 9DA

REGISTERED NUMBER:

04701624

ACCOUNTANTS:

Michael Finn & Co

Myrtle House

High Street

HENFIELD

West Sussex

BN5 9DA

FIXED ASSETS

Intangible assets

4

3,001

Tangible assets

5

71,652

73,312

74,653

76,313

CURRENT ASSETS

Stocks

10,000

Debtors

6

103,447

94,601

Cash at bank

186,156

216,391

299,603

320,992

CREDITORS

Amounts falling due within one year

7

93,926

80,007

NET CURRENT ASSETS

205,677

240,985

TOTAL ASSETS LESS CURRENT
LIABILITIES

280,330

317,298

CREDITORS

Amounts falling due after more than one
year

8

30,000

NET ASSETS

250,330

287,298

CAPITAL AND RESERVES

Called up share capital

200

Retained earnings

250,130

287,098

SHAREHOLDERS' FUNDS

250,330

287,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 23 December 2025 and were signed by:

MBJ Finn - Director

1.	STATUTORY INFORMATION

Michael Finn & Company Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

140,800

AMORTISATION

At 1 April 2024

and 31 March 2025

137,799

NET BOOK VALUE

At 31 March 2025

3,001

At 31 March 2024

3,001

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

£

COST

At 1 April 2024

17,500

45,419

32,563

Additions

-

250

Disposals

-

At 31 March 2025

17,500

45,419

32,813

DEPRECIATION

At 1 April 2024

-

24,169

Charge for year

-

1,729

Eliminated on disposal

-

At 31 March 2025

-

25,898

NET BOOK VALUE

At 31 March 2025

17,500

45,419

6,915

At 31 March 2024

17,500

45,419

8,394

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2024

13,015

16,129

124,626

Additions

-

1,074

1,324

Disposals

-

(468

)

(468

)

At 31 March 2025

13,015

16,735

125,482

DEPRECIATION

At 1 April 2024

12,431

14,714

51,314

Charge for year

117

1,138

2,984

Eliminated on disposal

-

(468

)

(468

)

At 31 March 2025

12,548

15,384

53,830

NET BOOK VALUE

At 31 March 2025

467

1,351

71,652

At 31 March 2024

584

1,415

73,312

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

96,695

94,601

Staff loans

5,600

-

Prepayments

1,152

-

103,447

94,601

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

10,466

18,615

Other loans

21,300

-

Tax

14,526

25,878

Social security and other taxes

4,159

120

Pension

904

777

VAT

33,188

30,568

Other creditors

3,781

3,300

Directors' current accounts

2

149

Accrued expenses

5,600

600

93,926

80,007

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Directors Loan

30,000