No principal activity declared 01/02/2025 31/01/2026 31/01/2026 false Taxpad 26.1020.1321.20 081193142025-02-012026-01-31 081193142025-01-31 081193142026-01-31 08119314business:SmallEntities2025-02-012026-01-31 08119314business:FullAccounts2025-02-012026-01-31 08119314business:PrivateLimitedCompanyLtd2025-02-012026-01-31 08119314countries:EnglandWales2025-02-012026-01-31 08119314core:WithinOneYear2026-01-31 08119314core:WithinOneYear2025-01-31 08119314core:ShareCapital2026-01-31 08119314core:ShareCapital2025-01-31 08119314core:RetainedEarningsAccumulatedLosses2026-01-31 08119314core:RetainedEarningsAccumulatedLosses2025-01-31 08119314business:AuditExempt-NoAccountantsReport2025-02-012026-01-31 08119314business:Director22025-02-012026-01-31 08119314business:RegisteredOffice2025-02-012026-01-31 08119314core:FurnitureFittings2025-02-012026-01-31 08119314core:ComputerEquipment2025-02-012026-01-31 081193142024-02-012025-01-31 08119314core:FurnitureFittings2025-01-31 08119314core:FurnitureFittings2026-01-31 08119314core:AdditionsToInvestments2026-01-31 08119314core:DisposalsRepaymentsInvestments2026-01-31 08119314core:RevaluationsIncreaseDecreaseInInvestments2026-01-31 iso4217:GBP xbrli:pure
Company registration number: 08119314 (England and Wales)
 
T Michael Associates Limited Unaudited financial statements For the year ended 31 January 2026
 
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T Michael Associates LimitedCompany No. 08119314
Unaudited financial statements for the year ended 31 January 2026
 
CONTENTS
 
Balance sheet3-4
Notes5-8
 
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T Michael Associates LimitedCompany No. 08119314
Balance sheet as at 31 January 2026
20262025
Note££
Fixed assets
Tangible assets55,1214,313
Investments6193,000193,000
198,121197,313
Current assets
Debtors7155,099175,099
Cash at bank and in hand78,34472,609
233,443247,708
Creditors: amounts falling due within one year8(19,862)(29,097)
Net current assets213,581218,611
Total assets less current liabilities411,702415,924
Deferred tax(1,280)(820)
Net assets410,422415,104
Capital and reserves
Called up share capital100100
Profit and loss account410,322415,004
Shareholders' funds410,422415,104
 
For the year ending 31 January 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
 
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T Michael Associates LimitedCompany No. 08119314
Balance sheet as at 31 January 2026
These accounts were approved by the board of directors on 14 October 2026 and were signed on its behalf by: __________________________________________________ Timothy Michael
 
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T Michael Associates LimitedCompany No. 08119314
Notes to the accounts
 
1 Statutory information
 
The company is a private company, limited by shares and is registered in England and Wales. The address of the registered office is 27 Victoria Gardens, Neath, SA11 3AY.
 
2 Accounting policies
 
2.1 Basis of preparation
 
The accounts have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities and the Companies Act 2006.
 
2.2 Turnover
 
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
 
2.3 Tangible fixed assets
 
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided to write down the cost of tangible fixed assets, on a straight line basis, to their residual values over their estimated useful lives as follows:  
Fixtures and fittings20% Straight line
Computers20% Straight line
 
2.4 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.
 
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T Michael Associates LimitedCompany No. 08119314
Notes to the accounts
2 Accounting policies
 
2.5 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.
 
2.6 Pension costs
 
The company operates a defined contribution pension scheme for its employees. Contributions payable to the scheme are charged to the profit and loss account in the period to which they relate. Amounts unpaid at the year end are shown within creditors. Differences between contributions payable in the year and contributions actually paid are shown as accruals or prepayments as appropriate. The company has no defined benefit pension obligations. The company complies with auto‑enrolment legislation and makes contributions to employees’ defined contribution pension plans in accordance with statutory requirements. If contributions are paid after the reporting date the Contributions payable are recognised as a liability until paid.
 
3 Average number of employees
 
The average number of employees during the year was: 4 (2025: 2).
 
4 Tax on profit
 
20262025
££
UK corporation tax18,68327,574
Deferred tax460(819)
19,14326,755
 
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T Michael Associates LimitedCompany No. 08119314
Notes to the accounts
 
5 Tangible Assets
 
Fixtures and fittingsTotal
££
Cost
As at 1 February 202573,96273,962
Additions2,0002,000
Disposals(70,000)(70,000)
As at 31 January 20265,9625,962
Depreciation
As at 1 February 202569,64969,649
Charged in year1,1921,192
Disposals(70,000)(70,000)
As at 31 January 2026841841
Net book value
As at 31 January 20265,1215,121
As at 1 February 20254,3134,313
 
6 Investments
Other investmentsTotal
££
Valuation at 1 February 2025193,000193,000
Additions--
Disposals--
Fair value adjustments--
Valuation at 31 January 2026193,000193,000
 
7 Debtors
20262025
££
Trade debtors13,00013,000
Other debtors142,099162,099
155,099175,099
 
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T Michael Associates LimitedCompany No. 08119314
Notes to the accounts
 
8 Creditors: amounts falling due within one year
20262025
££
Corporation Tax payable18,68427,625
Loans from directors378672
Accruals and deferred income800800
19,86229,097
 
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