REGISTERED NUMBER: 04920505 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Mikina Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B K Howard

M I Dove

Mrs C Howard

Mrs C S Page-Dove

SECRETARIES:

Mrs C Howard

Mrs C S Page-Dove

REGISTERED OFFICE:

898 - 902 Wimborne Road

Moordown

Bournemouth

Dorset

BH9 2DW

REGISTERED NUMBER:

04920505 (England and Wales)

ACCOUNTANTS:

Stephen Penny and Partners Limited

Chartered Certified Accountants

and Business Advisors

898-902 Wimborne Road

Bournemouth

Dorset

BH9 2DW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

33,222

29,296

33,222

29,296

CURRENT ASSETS

Stocks

1,500

1,500

Debtors

6

290,404

463,352

Cash at bank and in hand

21,847

19,537

313,751

484,389

CREDITORS

Amounts falling due within one year

7

528,177

535,204

NET CURRENT LIABILITIES

(214,426

)

(50,815

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(181,204

)

(21,519

)

CREDITORS

Amounts falling due after more than one year

8

-

(4,167

)

PROVISIONS FOR LIABILITIES

(6,312

)

(1,789

)

NET LIABILITIES

(187,516

)

(27,475

)

CAPITAL AND RESERVES

Called up share capital

320

320

Retained earnings

(187,836

)

(27,795

)

(187,516

)

(27,475

)

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 Profit and Loss Account has not been delivered.

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

M I Dove - Director

1.	STATUTORY INFORMATION

Mikina Engineering 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

33% on cost, 25% on reducing balance and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

60,000

AMORTISATION

At 1 January 2025

and 31 December 2025

60,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

1,069,661

Additions

15,077

At 31 December 2025

1,084,738

DEPRECIATION

At 1 January 2025

1,040,365

Charge for year

11,151

At 31 December 2025

1,051,516

NET BOOK VALUE

At 31 December 2025

33,222

At 31 December 2024

29,296

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

168,768

245,278

Other debtors

121,636

218,074

290,404

463,352

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

4,167

10,000

Trade creditors

36,139

55,766

Taxation and social security

233,499

144,951

Other creditors

254,372

324,487

528,177

535,204

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

-

4,167

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Factored debts

132,334

197,202

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

M I Dove

Balance outstanding at start of year

102,806

149,265

Amounts advanced

136,833

62,654

Amounts repaid

(185,252

)

(109,113

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

54,387

102,806

B K Howard

Balance outstanding at start of year

102,669

104,953

Amounts advanced

126,607

65,853

Amounts repaid

(174,912

)

(68,137

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

54,364

102,669