REGISTERED NUMBER: 01669044 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

John Mighall and Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J G Mighall

G D Mighall

REGISTERED OFFICE:

Shankly House

81 Cleveland Street

Birkenhead

Merseyside

CH41 3QB

REGISTERED NUMBER:

01669044 (England and Wales)

ACCOUNTANTS:

Graham & Fisher Limited

T/A Grahams

Chartered Accountants

30 Birkenhead Road

Hoylake

Wirral

Merseyside

CH47 3BW

FIXED ASSETS

Tangible assets

4

367,649

382,475

CURRENT ASSETS

Stocks

4,500

-

Debtors

5

131,416

-

Cash at bank and in hand

51,492

65,169

187,408

65,169

CREDITORS

Amounts falling due within one year

6

255,693

115,713

NET CURRENT LIABILITIES

(68,285

)

(50,544

)

TOTAL ASSETS LESS CURRENT LIABILITIES

299,364

331,931

CREDITORS

Amounts falling due after more than one year

7

(23,333

)

(28,333

)

PROVISIONS FOR LIABILITIES

(64,430

)

(66,545

)

NET ASSETS

211,601

237,053

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

211,306

211,306

Retained earnings

195

25,647

211,601

237,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 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.

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 22 October 2026 and were signed on its behalf by:

G D Mighall - Director

1.	STATUTORY INFORMATION

John Mighall and Company 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 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 October 2024

300,000

174,036

474,036

Disposals

-

(6,292

)

(6,292

)

At 30 September 2025

300,000

167,744

467,744

DEPRECIATION

At 1 October 2024

3,695

87,866

91,561

Charge for year

3,695

11,034

14,729

Eliminated on disposal

-

(6,195

)

(6,195

)

At 30 September 2025

7,390

92,705

100,095

NET BOOK VALUE

At 30 September 2025

292,610

75,039

367,649

At 30 September 2024

296,305

86,170

382,475

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

78,000

-

Other debtors

53,416

-

131,416

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

5,000

5,000

Trade creditors

24,837

8,935

Taxation and social security

213,216

94,554

Other creditors

12,640

7,224

255,693

115,713

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans

23,333

28,333

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

3,333

8,333

8.

RESERVES

Fair

value

reserve

£

At 1 October 2024

and 30 September 2025

211,306

The company previously applied FRS 105 but has transitioned to FRS 102 1a, at which point the land and property was adjusted to fair value. This value was provided by the directors after consulting with a professional valuer. This has meant an adjustment to depreciation, a deferred tax adjustment and the creating of the fair value reserve.

Had a fair value adjustment not taken place, the land and buildings would have been shown at a historical cost of £99,310 less accumulated depreciation of £64,602.

9.	RELATED PARTY DISCLOSURES

During the year a number of interest free advances were made to the directors which were repayable on demand. The amount drawn by them was £90,244 whilst £49,500 was introduced into the company by them. The highest balance on the overdrawn directors account in the year was £76,054.