Registration number: 03672683

Michon Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Michon Limited

Company Information

Directors

Mr Tony Michon Mrs Lorraine Mary Michon Mr Jeffrey Peter Michon Mrs Nina Michon

Company secretary

Mrs Lorraine Mary Michon

Registered office

The Old School Rooms Main Road Radcliffe on Trent Nottingham Nottinghamshire NG12 2AA

Accountants

Atkinson Evans Limited Chartered Certified AccountantsThe Old Drill Hall 10 Arnot Hill Road Arnold Nottingham Nottinghamshire NG5 6LJ

Michon Limited

(Registration number: 03672683)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	221,422	265,861
Current assets
Debtors	5	710,502	581,072
Cash at bank and in hand		56,147	56,259
		766,649	637,331
Creditors: Amounts falling due within one year	6	(500,307)	(404,069)
Net current assets		266,342	233,262
Total assets less current liabilities		487,764	499,123
Provisions for liabilities		(25,858)	(32,531)
Net assets		461,906	466,592
Capital and reserves
Called up share capital		104	104
Retained earnings		461,802	466,488
Shareholders' funds		461,906	466,592

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 April 2026 and signed on its behalf by:
 

Michon Limited

(Registration number: 03672683)
Balance Sheet as at 31 January 2026

......................................... Mr Tony Michon Director

......................................... Mr Jeffrey Peter Michon Director

Michon Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Old School Rooms
Main Road
Radcliffe on Trent
Nottingham
Nottinghamshire
NG12 2AA

These financial statements were authorised for issue by the Board on 22 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Michon Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	25 Years straight line method
Fixtures and fittings	10% or 25% Reducing balance method
Motor vehicles	20% Reducing balance method
Computer equipment	4 Years straight line method

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Michon Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 20 (2025 - 20).

Michon Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

4	Tangible assets

	Short leasehold land and buildings £	Fixtures and fittings £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 February 2025	424,176	227,102	68,838	87,320
Additions	-	-	4,044	-
Disposals	-	-	(24,180)	-
At 31 January 2026	424,176	227,102	48,702	87,320
Depreciation
At 1 February 2025	288,439	208,941	36,918	7,277
Charge for the year	16,993	3,794	11,607	16,089
Eliminated on disposal	-	-	(24,180)	-
At 31 January 2026	305,432	212,735	24,345	23,366
Carrying amount
At 31 January 2026	118,744	14,367	24,357	63,954
At 31 January 2025	135,737	18,161	31,920	80,043

	Total £
Cost or valuation
At 1 February 2025	807,436
Additions	4,044
Disposals	(24,180)
At 31 January 2026	787,300
Depreciation
At 1 February 2025	541,575
Charge for the year	48,483
Eliminated on disposal	(24,180)
At 31 January 2026	565,878
Carrying amount
At 31 January 2026	221,422
At 31 January 2025	265,861

Michon Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

5

Debtors

Current	2026 £	2025 £
Trade debtors	642,176	479,993
Prepayments	20,599	18,582
Other debtors	47,727	82,497
	710,502	581,072

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	98,475	48,709
Taxation and social security	187,437	133,491
Accruals and deferred income	33,417	44,153
Other creditors	180,978	177,716
	500,307	404,069