Michael Heaven & Associates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02956557 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2026

FOR

MICHAEL HEAVEN & ASSOCIATES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Nahim

Mr M J Allard

REGISTERED OFFICE:

c/o Michael Heaven & Associates Limited

47 Calthorpe Road

Edgbaston

BIRMINGHAM

West Midlands

B15 1TH

REGISTERED NUMBER:

02956557 (England and Wales)

BANKERS:

Lloyds Bank PLC

Caxton Gate

3 Corporation Street

Birmingham

B2 4LP

INCORPORATED:

8th August 1994

FIXED ASSETS

Tangible assets

4

11,657

18,338

CURRENT ASSETS

Stocks

34,655

39,983

Debtors

141,622

124,491

Cash at bank

57,451

74,519

233,728

238,993

CREDITORS

Amounts falling due within one year

216,805

226,469

NET CURRENT ASSETS

16,923

12,524

TOTAL ASSETS LESS CURRENT
LIABILITIES

28,580

30,862

CREDITORS

Amounts falling due after more than one
year

-

(5,833

)

PROVISIONS FOR LIABILITIES

7

(2,915

)

(4,585

)

NET ASSETS

25,665

20,444

CAPITAL AND RESERVES

Called up share capital

8

2

Capital redemption reserve

197

Retained earnings

25,466

20,245

SHAREHOLDERS' FUNDS

25,665

20,444

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2026 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th April 2026 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th October 2026 and were signed on its behalf by:

Mr M Nahim - Director

Mr M J Allard - Director

1.	STATUTORY INFORMATION

Michael Heaven & Associates 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 represents the value of services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due. For jobs in progress as at the year end turnover is included based on the relevant percentage of completion for each job.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Stock and work in progress

The company recognises revenue on the sales of services in the reporting period in which the services are rendered by reference to the stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion as a proportion of the total services to be rendered.

When the outcome of a service contract cannot be estimated reliably the company carries forward within work in progress the amount relating to labour and attributable overheads.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from banks.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

The company contributes into the director's defined contribution pension scheme. Contributions payable to the director's pension scheme are charged to the profit and loss account in the period to which they relate.

Debtors and creditors

Short term debtors are measured at transaction price, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Leases

Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Operating lease receipts are recognised as income in the period to which it relates. Lease incentives are spread over the lease term in line with accounting standards.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st May 2025

88,911

Additions

1,863

Disposals

(2,250

)

At 30th April 2026

88,524

DEPRECIATION

At 1st May 2025

70,573

Charge for year

7,998

Eliminated on disposal

(1,704

)

At 30th April 2026

76,867

NET BOOK VALUE

At 30th April 2026

11,657

At 30th April 2025

18,338

5.

LOANS

An analysis of the maturity of loans is given below:

30/4/26

30/4/25

£

Amounts falling due within one year or on demand:

Bank loans

5,833

10,000

Amounts falling due between one and two years:

Bank loans

-

5,833

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30/4/26

30/4/25

£

Within one year

42,800

Between one and five years

171,200

In more than five years

645,567

688,367

859,567

902,367

The total lease payments recognised as an expense during the year was £42,800 (2025 - £42,800).

The amount of income received during the year in relation to operating leases was NIL (2025 - £19,385).

7.	PROVISIONS FOR LIABILITIES

30/4/26

30/4/25

£

Deferred tax

2,915

4,585

Deferred

tax

£

Balance at 1st May 2025

4,585

Movement

(1,670

)

Balance at 30th April 2026

2,915

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

A provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months is recognised. The provision is measured at the salary cost payable for the period of absence.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal
value

30/04/26

30/04/25

40

Ordinary A

2p

0.80

40

Ordinary B

2p

0.80

10

Ordinary C

2p

0.20

10

Ordinary D

2p

0.20

2