MIHALIX JOINERY LTD


Directors	MIHALIK, Agoston
	MIHALIK, Katalin


Registered Address	22 Hays Hill
	Kippen
	Stirling
	FK8 3EQ


Registered Number	SC790507 (Scotland)

Balance Sheet as at
30 November 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		15,964		3,896
			15,964		3,896
Current assets
Stocks	4	5,652		-
Debtors	5	7,151		23,570
Cash at bank and on hand		6,196		11,882
		18,999		35,452
Creditors amounts falling due within one year	6	(13,635)		(12,075)
Net current assets (liabilities)			5,364		23,377
Total assets less current liabilities			21,328		27,273
Creditors amounts falling due after one year	7		(8,632)		-
Net assets			12,696		27,273
Capital and reserves
Called up share capital			2		2
Profit and loss account			12,694		27,271
Shareholders' funds			12,696		27,273

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 23 August 2026, and are signed on its behalf by:

MIHALIK, Agoston
Director

MIHALIK, Katalin
Director

Registered Company No. SC790507

MIHALIX JOINERY LTD

Notes to the Financial Statements
for the year ended 30 November 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	25
	Office Equipment	33

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 December 24	4,713	541	5,254
Additions	12,835	780	13,615
At 30 November 25	17,548	1,321	18,869
Depreciation and impairment
At 01 December 24	1,178	180	1,358
Charge for year	1,298	249	1,547
At 30 November 25	2,476	429	2,905
Net book value
At 30 November 25	15,072	892	15,964
At 30 November 24	3,535	361	3,896

4.	Stocks

	2025	2024
	£	£
Work in progress	4,282	-
Other stocks	1,370	-
Total	5,652	-

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	300	3,870
Other debtors	6,700	19,700
Prepayments and accrued income	151	-
Total	7,151	23,570

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	1,359	1,849
Bank borrowings and overdrafts	4,280	-
Taxation and social security	3,787	5,971
Other creditors	2,509	3,255
Accrued liabilities and deferred income	1,700	1,000
Total	13,635	12,075

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	8,632	-
Total	8,632	-