REGISTERED NUMBER: 12401055 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

MICHAEL KYLE WEALTH MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M G Kyle

REGISTERED OFFICE:

5 Henson Close

South Church Enterprise Park

Bishop Auckland

DL14 6WA

REGISTERED NUMBER:

12401055 (England and Wales)

ACCOUNTANTS:

Mitchells Grievson

Chartered Accountants

Kensington House

3 Kensington

Bishop Auckland

Co. Durham

DL14 6HX

FIXED ASSETS

Intangible assets

4

368,532

441,377

Tangible assets

5

6,604

9,252

375,136

450,629

CURRENT ASSETS

Debtors

6

235,131

112,699

Cash at bank

1,510

4,141

236,641

116,840

CREDITORS

Amounts falling due within one year

7

251,598

198,377

NET CURRENT LIABILITIES

(14,957

)

(81,537

)

TOTAL ASSETS LESS CURRENT LIABILITIES

360,179

369,092

CREDITORS

Amounts falling due after more than one year

8

(280,730

)

(354,773

)

PROVISIONS FOR LIABILITIES

(1,651

)

(2,313

)

NET ASSETS

77,798

12,006

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

77,696

11,904

77,798

12,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 11 March 2026 and were signed by:

M G Kyle - Director

1.	STATUTORY INFORMATION

Michael Kyle Wealth Management Limited is a private company, limited by shares , registered in England and Wales. 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.

The financial statements have been prepared under the going concern basis of accounting.

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 2021, is being amortised evenly over its estimated useful life of ten 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

-

15% on cost

Computer equipment

-

20% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

728,448

AMORTISATION

At 1 February 2025

287,071

Amortisation for year

72,845

At 31 January 2026

359,916

NET BOOK VALUE

At 31 January 2026

368,532

At 31 January 2025

441,377

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2025

15,203

6,242

21,445

Additions

436

-

436

At 31 January 2026

15,639

6,242

21,881

DEPRECIATION

At 1 February 2025

6,771

5,422

12,193

Charge for year

2,341

743

3,084

At 31 January 2026

9,112

6,165

15,277

NET BOOK VALUE

At 31 January 2026

6,527

77

6,604

At 31 January 2025

8,432

820

9,252

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

51,196

10,426

Other debtors

183,935

102,273

235,131

112,699

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

108,682

119,706

Bank loans

142,916

78,671

251,598

198,377

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

280,730

354,773

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

-

48,437

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

2026

2025

£

£

M G Kyle

Balance outstanding at start of year

76,082

75,684

Amounts advanced

278,843

256,950

Amounts repaid

(199,114

)

(256,552

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

155,811

76,082

The director's loan account is repayable upon demand and interest has been charged at the relevant rate during the year.