Michael Egan Associates Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05942028

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		5,980		-
Tangible Assets	5		96,321		114,869

			102,301		114,869
CURRENT ASSETS
Stocks		4,000		4,000
Debtors		131,733		98,681
Cash at bank and in hand		7		5

		135,740		102,686
Creditors: Amounts Falling Due Within One Year		(134,133 )		(122,073 )

NET CURRENT ASSETS (LIABILITIES)			1,607		(19,387 )

TOTAL ASSETS LESS CURRENT LIABILITIES			103,908		95,482

Creditors: Amounts Falling Due After More Than One Year			(78,465 )		(68,119 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(24,981 )		(21,825 )

NET ASSETS			462		5,538

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			362		5,438

SHAREHOLDERS' FUNDS			462		5,538

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Michael Egan Associates Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 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 I M Clark

Director

16th September 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Michael Egan Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05942028 . The registered office is Unit 5 Optima Park, Thames Road, Crayford, Kent, DA1 4QX.

2. Accounting Policies

2.1. 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.

2.2. 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.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of ten years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are website development. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.5. 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:

Plant & Machinery	15% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	33% on cost

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

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Michael Egan Associates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.8. Taxation

Income tax expense represents the sum of the tax currently payable 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.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2025: 6)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 April 2025	62,000	-	62,000
Additions	-	6,645	6,645

As at 31 March 2026	62,000	6,645	68,645

Amortisation
As at 1 April 2025	62,000	-	62,000
Provided during the period	-	665	665

As at 31 March 2026	62,000	665	62,665

Net Book Value
As at 31 March 2026	-	5,980	5,980

As at 1 April 2025	-	-	-

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Michael Egan Associates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2025	309,642	43,044	33,880	21,156	407,722
Additions	10,024	-	159	1,306	11,489
Disposals	(128,862 )	-	-	(17,596 )	(146,458 )

As at 31 March 2026	190,804	43,044	34,039	4,866	272,753

Depreciation
As at 1 April 2025	200,366	41,846	30,810	19,831	292,853
Provided during the period	16,195	299	768	1,443	18,705
Disposals	(117,530 )	-	-	(17,596 )	(135,126 )

As at 31 March 2026	99,031	42,145	31,578	3,678	176,432

Net Book Value
As at 31 March 2026	91,773	899	2,461	1,188	96,321

As at 1 April 2025	109,276	1,198	3,070	1,325	114,869

6. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

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