Michael Terry Ltd

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—5

Report to the director on the preparation of the unaudited statutory accounts of Michael Terry Ltd For The Year Ended 31 December 2025

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Michael Terry Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of Michael Terry Ltd , as a body, in accordance with the terms of our engagement letter dated 13 January 2020. Our work has been undertaken solely to prepare for your approval the accounts of Michael Terry Ltd and state those matters that we have agreed to state to the director of Michael Terry Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Michael Terry Ltd and its director as a body for our work or for this report.

It is your duty to ensure that Michael Terry Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Michael Terry Ltd . You consider that Michael Terry Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Michael Terry Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

14th July 2026

Apple Accountancy Services Limited

Chartered Certified Accountants

146 Manor Way

Borehamwood

Hertfordshire

WD6 1QX

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Michael Terry Ltd

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 12376665

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		433		-

			433		-
CURRENT ASSETS
Debtors		14,660		-
Cash at bank and in hand		1,556		-

		16,216		-
Creditors: Amounts Falling Due Within One Year		(16,639 )		(12,126 )

NET CURRENT ASSETS (LIABILITIES)			(423 )		(12,126 )

TOTAL ASSETS LESS CURRENT LIABILITIES			10		(12,126 )

NET ASSETS/(LIABILITIES)			10		(12,126 )

CAPITAL AND RESERVES
Called up share capital			10		10
Profit and Loss Account			-		(12,136 )

SHAREHOLDERS' FUNDS			10		(12,126)

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Michael Terry Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 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 Michael Terry

Director

14th July 2026

The notes on pages 4 to 5 form part of these financial statements.

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Michael Terry Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Michael Terry Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12376665 . The registered office is 146 Manor Way, Borehamwood, Hertfordshire, WD6 1QX.

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.

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. 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

25% Straight line

2.4. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Michael Terry Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2025	5,630
Additions	650

As at 31 December 2025	6,280

Depreciation
As at 1 January 2025	5,630
Provided during the period	217

As at 31 December 2025	5,847

Net Book Value
As at 31 December 2025	433

As at 1 January 2025	-

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