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Company Registration No. 10072043 (England and Wales)
MICHAELSON&SON LTD Unaudited accounts for the year ended 28 February 2026
MICHAELSON&SON LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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MICHAELSON&SON LTD Company Information for the year ended 28 February 2026
Director
Mihail Arabadzhiev
Company Number
10072043 (England and Wales)
Registered Office
73 King Edward Rd Gillingham KENT ME7 2RF ENGLAND
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MICHAELSON&SON LTD Statement of financial position as at 28 February 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
-
686
Current assets
Debtors
5
(36)
234
Cash at bank and in hand
1,247
3,976
1,211
4,210
Creditors: amounts falling due within one year
6
(1,237)
(2,402)
Net current (liabilities)/assets
(26)
1,808
Total assets less current liabilities
(26)
2,494
Creditors: amounts falling due after more than one year
7
(413)
(2,014)
Net (liabilities)/assets
(439)
480
Capital and reserves
Called up share capital
1
1
Profit and loss account
(440)
479
Shareholders' funds
(439)
480
For the year ending 28 February 2026 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 July 2026 and were signed on its behalf by
Mihail Arabadzhiev Director Company Registration No. 10072043
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MICHAELSON&SON LTD Notes to the Accounts for the year ended 28 February 2026
1
Statutory information
MICHAELSON&SON LTD is a private company, limited by shares, registered in England and Wales, registration number 10072043. The registered office is 73 King Edward Rd , Gillingham, KENT, ME7 2RF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18%
Motor vehicles
6%-18%
Fixtures & fittings
18%
Computer equipment
18%
Other tangible fixed assets
18%
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 March 2025
1,114
718
1,832
At 28 February 2026
1,114
718
1,832
Depreciation
At 1 March 2025
697
449
1,146
Charge for the year
417
269
686
At 28 February 2026
1,114
718
1,832
Net book value
At 28 February 2026
-
-
-
At 28 February 2025
417
269
686
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MICHAELSON&SON LTD Notes to the Accounts for the year ended 28 February 2026
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Other debtors
(36)
234
6
Creditors: amounts falling due within one year
2026
2025
£
£
Taxes and social security
112
112
Other creditors
821
-
Loans from directors
304
-
Accruals
-
2,290
1,237
2,402
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
413
2,014
8
Average number of employees
During the year the average number of employees was 1 (2025: 1).
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