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Registered number: 14200912
Misco Consultancy Limited
Unaudited Financial Statements
For The Year Ended 30 June 2026
Johnston Wood Roach Ltd
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Mr Scott Mackechnie
Mrs Michelle Mackechnie
Secretary Mr Scott Mackechnie
Company Number 14200912
Registered Office 23 High Street
Portsmouth
Hampshire
PO1 2LS
Accountants Johnston Wood Roach Ltd
24 Picton House Hussar Court
Westside View
Waterlooville
Hampshire
PO7 7SQ
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Balance Sheet
Registered number: 14200912
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 49,086 65,492
49,086 65,492
CURRENT ASSETS
Debtors 5 9,314 4,950
Cash at bank and in hand 50,608 40,862
59,922 45,812
Creditors: Amounts Falling Due Within One Year 6 (12,913 ) (18,423 )
NET CURRENT ASSETS (LIABILITIES) 47,009 27,389
TOTAL ASSETS LESS CURRENT LIABILITIES 96,095 92,881
Creditors: Amounts Falling Due After More Than One Year 7 (39,260 ) (47,600 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (9,327 ) (9,238 )
NET ASSETS 47,508 36,043
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 47,506 36,041
SHAREHOLDERS' FUNDS 47,508 36,043
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For the year ending 30 June 2026 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 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 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 Scott Mackechnie
Director
29 September 2026
The notes on pages 4 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Misco Consultancy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14200912 . The registered office is 23 High Street, Portsmouth, Hampshire, PO1 2LS.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
2. Accounting Policies
2.1. Early Adoption of Amendments to FRS 102 (Periodic Review 2024)
The company has early adopted the amendments to FRS 102, arising from the Financial Reporting Council's Periodic Review 2024, issued in March 2024. These amendments are effective for accounting periods beginning on or after 1 January 2026, but the company has elected to apply them in these financial statements for the year ended 30 June 2026.
The amendments primarily affect the company's accounting for right-of-use assets.
Further details of the transition and the effect on the financial statements are provided in the notes.
2.2. 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.
2.3. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
In assessing whether the going concern assumption is appropriate, the directors have considered all available information about the future, which is at least, but is not limited to, 12 months from the date when the financial statements are authorised for issue.
2.4. Significant judgements and estimations
In preparing the financial statements in accordance with FRS 102, management is required to make judgements, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.
2.5. 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.
2.6. 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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% straight line
Computer Equipment 25% straight line
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2025: NIL)
- -
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2025 62,258 1,735 3,782 67,775
Additions - 764 85 849
Disposals - (571 ) (314 ) (885 )
As at 30 June 2026 62,258 1,928 3,553 67,739
Depreciation
As at 1 July 2025 - 487 1,796 2,283
Provided during the period 15,565 252 888 16,705
Disposals - (152 ) (183 ) (335 )
As at 30 June 2026 15,565 587 2,501 18,653
Net Book Value
As at 30 June 2026 46,693 1,341 1,052 49,086
As at 1 July 2025 62,258 1,248 1,986 65,492
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5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 2,450 2,700
Other debtors 6,864 2,250
9,314 4,950
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 8,424 8,083
Trade creditors 177 10,105
Other creditors 5 235
Taxation and social security 4,307 -
12,913 18,423
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 39,260 47,600
8. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,424 8,083
Later than one year and not later than five years 39,260 47,600
47,684 55,683
47,684 55,683
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2026 2025
£ £
Other timing differences 9,327 9,238
10. Share Capital
2026 2025
Allotted, called up and fully paid £ £
1 Ordinary A shares of £ 1.00 each 1 1
1 Ordinary B shares of £ 1.00 each 1 1
2 2
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11. Directors Advances, Credits and Guarantees
At the year end, the company owed the director £5 (2025: £235).
The above loan is unsecured, interest free and repayable on demand.
12. Dividends
2026 2025
£ £
On equity shares:
Interim dividend paid 21,000 24,000
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