Company registration number 04305580 (England and Wales)
MIKO ENGINEERING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
MIKO ENGINEERING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
MIKO ENGINEERING LIMITED
BALANCE SHEET
AS AT
30 DECEMBER 2025
30 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
-
0
2,814
Tangible assets
4
86,990
102,599
86,990
105,413
Current assets
Debtors
5
228,509
329,272
Cash at bank and in hand
190,827
206,168
419,336
535,440
Creditors: amounts falling due within one year
6
(267,384)
(295,360)
Net current assets
151,952
240,080
Total assets less current liabilities
238,942
345,493
Creditors: amounts falling due after more than one year
7
-
0
(3,796)
Provisions for liabilities
(21,748)
(26,353)
Net assets
217,194
315,344
Capital and reserves
Called up share capital
416
416
Profit and loss reserves
216,778
314,928
Total equity
217,194
315,344
MIKO ENGINEERING LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 DECEMBER 2025
30 December 2025
- 2 -

For the financial year ended 30 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 1 April 2026 and are signed on its behalf by:
Mr I Mongan
Director
Company registration number 04305580 (England and Wales)
MIKO ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Miko Engineering Limited is a private company limited by shares incorporated in England and Wales. The registered office is 46 Cuthbert Court, Bede Industrial Estate, Jarrow, Newcastle upon Tyne, Tyne and Wear, England, NE32 3HG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software
20% straight line
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% on reducing balance
Fixtures and fittings
15% on reducing balance
Office equipment
25% straight line
Motor vehicles
25% on reducing balance
MIKO ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.6
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.

1.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
17
17
MIKO ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 DECEMBER 2025
- 5 -
3
Intangible fixed assets
Other
£
Cost
At 31 December 2024 and 30 December 2025
19,887
Amortisation and impairment
At 31 December 2024
17,073
Amortisation charged for the year
2,814
At 30 December 2025
19,887
Carrying amount
At 30 December 2025
-
0
At 30 December 2024
2,814
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Office equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 31 December 2024
102,021
8,298
26,643
90,451
227,413
Additions
5,664
-
0
975
-
0
6,639
At 30 December 2025
107,685
8,298
27,618
90,451
234,052
Depreciation and impairment
At 31 December 2024
59,718
5,513
12,161
47,422
124,814
Depreciation charged in the year
6,789
418
4,284
10,757
22,248
At 30 December 2025
66,507
5,931
16,445
58,179
147,062
Carrying amount
At 30 December 2025
41,178
2,367
11,173
32,272
86,990
At 30 December 2024
42,303
2,785
14,482
43,029
102,599
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
153,454
281,855
Other debtors
54,025
24,692
Prepayments and accrued income
21,030
22,725
228,509
329,272
MIKO ENGINEERING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 DECEMBER 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
4,167
10,371
Trade creditors
90,866
94,812
Corporation tax
26,965
35,624
Other taxation and social security
-
0
4,191
Other creditors
118,252
125,918
Accruals and deferred income
27,134
24,444
267,384
295,360
7
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
-
0
3,796
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