REGISTERED NUMBER: 04457001 (England and Wales)

Financial Statements for the Year Ended 31 March 2026

for

Mike Smith Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M J Smith

REGISTERED OFFICE:

18 Tyburn Glen

Didcot

Oxfordshire

OX11 7UH

REGISTERED NUMBER:

04457001 (England and Wales)

ACCOUNTANTS:

Westell Accountants

3 Bradfield Court

Drayton Mill, Milton Road

Drayton

Abingdon

Oxfordshire

OX14 4EF

FIXED ASSETS

Tangible assets

4

24,562

26,833

CURRENT ASSETS

Debtors

5

5,217

4,222

Cash at bank

13

1,214

5,230

5,436

CREDITORS

Amounts falling due within one year

6

32,486

28,594

NET CURRENT LIABILITIES

(27,256

)

(23,158

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,694

)

3,675

PROVISIONS FOR LIABILITIES

-

937

NET (LIABILITIES)/ASSETS

(2,694

)

2,738

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(2,794

)

2,638

SHAREHOLDERS' FUNDS

(2,694

)

2,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2026 and were signed by:

Mr M J Smith - Director

1.	STATUTORY INFORMATION

Mike Smith 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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 equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

29,637

25,990

8,469

64,096

Additions

3,259

968

619

4,846

At 31 March 2026

32,896

26,958

9,088

68,942

DEPRECIATION

At 1 April 2025

27,184

6,498

3,581

37,263

Charge for year

1,142

4,936

1,039

7,117

At 31 March 2026

28,326

11,434

4,620

44,380

NET BOOK VALUE

At 31 March 2026

4,570

15,524

4,468

24,562

At 31 March 2025

2,453

19,492

4,888

26,833

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

5,144

4,149

Other debtors

73

73

5,217

4,222

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

54

-

Taxation and social security

2,639

2,308

Other creditors

29,793

26,286

32,486

28,594