Michaels & Co Law Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09137316 (England and Wales)

MICHAELS & CO LAW LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Michaels

Mrs R B Michaels

REGISTERED OFFICE:

1 Churchwood Gardens

Woodford Green

Essex

IG8 0PL

REGISTERED NUMBER:

09137316 (England and Wales)

ACCOUNTANTS:

P G ASSOCIATES

Accountants

1 Brookmans Avenue

Brookmans Park

Hatfield

Hertfordshire

AL9 7QH

FIXED ASSETS

Tangible assets

4

16,967

11,282

CURRENT ASSETS

Work in progress

5

25,352

50,000

Debtors

6

32,400

33,000

Cash at bank and in hand

383,793

426,865

441,545

509,865

CREDITORS

Amounts falling due within one year

7

11,693

14,074

NET CURRENT ASSETS

429,852

495,791

TOTAL ASSETS LESS CURRENT
LIABILITIES

446,819

507,073

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

446,817

507,071

SHAREHOLDERS' FUNDS

446,819

507,073

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2026 and were signed on its behalf by:

Mr M Michaels - Director

Mrs R B Michaels - Director

1.	STATUTORY INFORMATION

Michaels & Co Law 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Work in progress

Work in progress is calculated at work carried out within the financial year but not invoiced until the following financial year.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 1 January 2025

37,687

2,688

40,375

Additions

-

11,340

At 31 December 2025

37,687

14,028

51,715

DEPRECIATION

At 1 January 2025

28,421

672

29,093

Charge for year

2,316

3,339

5,655

At 31 December 2025

30,737

4,011

34,748

NET BOOK VALUE

At 31 December 2025

6,950

10,017

16,967

At 31 December 2024

9,266

2,016

11,282

5.	WORK IN PROGRESS

31.12.25

31.12.24

£

Work in progress

25,352

50,000

6.

DEBTORS

31.12.25

31.12.24

£

Amounts falling due within one year:

Other debtors

8,400

9,000

Amounts falling due after more than one year:

Other debtors

24,000

Aggregate amounts

32,400

33,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

2,777

4,187

Tax

2,070

(1

)

Social security and other taxes

-

457

VAT

755

2,191

Directors' loan accounts

1,081

2,230

Accrued expenses

5,010

11,693

14,074

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed £1,081 to the directors (2024 - £2,230) This amount is repayable on demand and is included in Creditors due within one year.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Michaels and Mrs R Michaels.