MN Accountants Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07077564

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		200		-

			200		-
CURRENT ASSETS
Stocks	6	26,668		17,139
Debtors	7	25,221		41,320
Cash at bank and in hand		20,088		15,323

		71,977		73,782
Creditors: Amounts Falling Due Within One Year	8	(64,024 )		(52,487 )

NET CURRENT ASSETS (LIABILITIES)			7,953		21,295

TOTAL ASSETS LESS CURRENT LIABILITIES			8,153		21,295

NET ASSETS			8,153		21,295

CAPITAL AND RESERVES
Called up share capital	9		101		101
Profit and Loss Account			8,052		21,194

SHAREHOLDERS' FUNDS			8,153		21,295

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MN Accountants Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Hugh McNeill

Director

15/04/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

MN Accountants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07077564 . The registered office is The Lilacs, West Hill Road North, South Wonston, Winchester, Hampshire, SO21 3HJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of five years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% straight Line
Computer Equipment	33% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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MN Accountants Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	140,000

As at 31 March 2026	140,000

Amortisation
As at 1 April 2025	140,000

As at 31 March 2026	140,000

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	-

5. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	923	3,648	4,571
Additions	250	-	250

As at 31 March 2026	1,173	3,648	4,821

Depreciation
As at 1 April 2025	923	3,648	4,571
Provided during the period	50	-	50

As at 31 March 2026	973	3,648	4,621

Net Book Value
As at 31 March 2026	200	-	200

As at 1 April 2025	-	-	-

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MN Accountants Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Stocks

	2026	2025
	£	£
Stock	636	795
Work in progress	26,032	16,344

	26,668	17,139

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	20,457	39,001
Prepayments and accrued income	3,905	1,509
Other debtors	-	810
Employee loan	859	-

	25,221	41,320

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	337	280
Corporation tax	14,123	14,867
Other taxes and social security	3,485	3,550
VAT (Current liabilities - creditors < 1 year)	20,985	5,901
Credit Card	890	402
Shareholder's joint loan	24,000	24,000
Accruals and deferred income	200	-
Director's loan account	4	3,487

	64,024	52,487

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	101	101

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