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Company Registration No. 15353167 (England and Wales)
Michaels Trading Limited Unaudited accounts for the year ended 31 December 2025
Michaels Trading Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Michaels Trading Limited Company Information for the year ended 31 December 2025
Director
Sevim Michaels
Company Number
15353167 (England and Wales)
Registered Office
Teastones 3-4 Sun Street Canterbury Kent CT1 2HX England
Accountants
Sankey Bookkeeping & Accountancy Ltd Sankey Cottage Orgarswick Farm Lane Burmarsh Romney Marsh Kent TN29 0HX
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Michaels Trading Limited Statement of financial position as at 31 December 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
26,161 
43,925 
Current assets
Inventories
5,000 
4,000 
Debtors
5
8,745 
7,314 
Cash at bank and in hand
22,827 
1,438 
36,572 
12,752 
Creditors: amounts falling due within one year
6
(131,451)
(82,455)
Net current liabilities
(94,879)
(69,703)
Total assets less current liabilities
(68,718)
(25,778)
Creditors: amounts falling due after more than one year
7
(10,802)
(19,414)
Net liabilities
(79,520)
(45,192)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(79,620)
(45,292)
Shareholders' funds
(79,520)
(45,192)
For the year ending 31 December 2025 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 May 2026 and were signed on its behalf by
Sevim Michaels Director Company Registration No. 15353167
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Michaels Trading Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Michaels Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 15353167. The registered office is Teastones, 3-4 Sun Street, Canterbury, Kent, CT1 2HX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
33%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2025
11,288 
28,449 
28,149 
67,886 
Additions
- 
- 
5,300 
5,300 
At 31 December 2025
11,288 
28,449 
33,449 
73,186 
Depreciation
At 1 January 2025
4,937 
10,075 
8,949 
23,961 
Charge for the year
2,466 
7,112 
13,486 
23,064 
At 31 December 2025
7,403 
17,187 
22,435 
47,025 
Net book value
At 31 December 2025
3,885 
11,262 
11,014 
26,161 
At 31 December 2024
6,351 
18,374 
19,200 
43,925 
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Michaels Trading Limited Notes to the Accounts for the year ended 31 December 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,745 
314 
Amounts falling due after more than one year
Other debtors
7,000 
7,000 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
4,063 
3,472 
VAT
87,174 
37,311 
Obligations under finance leases and hire purchase contracts
5,854 
5,373 
Trade creditors
14,920 
25,624 
Taxes and social security
19,440 
10,293 
Loans from directors
- 
382 
131,451 
82,455 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
- 
3,204 
Obligations under finance leases and hire purchase contracts
10,802 
16,210 
10,802 
19,414 
8
Average number of employees
During the year the average number of employees was 11 (2024: 11).
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