Max Michelson Limited

Registered number: 10578879

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,911		4,961

			3,911		4,961
CURRENT ASSETS
Stocks	5	620,242		775,597
Debtors	6	114,990		91,134
Cash at bank and in hand		20,986		99,753

		756,218		966,484
Creditors: Amounts Falling Due Within One Year	7	(420,084 )		(664,187 )

NET CURRENT ASSETS (LIABILITIES)			336,134		302,297

TOTAL ASSETS LESS CURRENT LIABILITIES			340,045		307,258

NET ASSETS			340,045		307,258

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			340,044		307,257

SHAREHOLDERS' FUNDS			340,045		307,258

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Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 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 M Michelson

Director

25/08/2026

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Max Michelson Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10578879 . The registered office is 2 Beauchamp Court, 10 Victors Way, Barnet, Hertfordshire, EN5 5TZ.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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:

Fixtures & Fittings	- 20% on reducing balance
Computer Equipment	- 25% on reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

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Max Michelson Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 February 2025	7,450	3,214	10,664

As at 31 January 2026	7,450	3,214	10,664

Depreciation
As at 1 February 2025	3,636	2,067	5,703
Provided during the period	762	288	1,050

As at 31 January 2026	4,398	2,355	6,753

Net Book Value
As at 31 January 2026	3,052	859	3,911

As at 1 February 2025	3,814	1,147	4,961

5. Stocks

	2026	2025
	£	£
Stock	620,242	775,597

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	110,514	90,399
VAT	1,720	-
Other taxes and social security	513	735
Director's loan account	2,243	-

	114,990	91,134

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Max Michelson Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	357,539	620,226
Corporation tax	28,735	30,880
VAT	-	12,004
Accrued expenses	810	615
Director's loan account	-	462
Payments on account	33,000	-

	420,084	664,187

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

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