| MIKE WALKER ACADEMY LIMITED |
| Registered number: |
05780767 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Current assets |
| Debtors |
3 |
|
9,600 |
|
|
2,504 |
| Cash at bank and in hand |
|
|
9,058 |
|
|
11,003 |
|
|
|
18,658 |
|
|
13,507 |
|
| Creditors: amounts falling due within one year |
4 |
|
(17,566) |
|
|
(9,509) |
|
| Net current assets |
|
|
|
1,092 |
|
|
3,998 |
|
| Total assets less current liabilities |
|
|
|
1,092 |
|
|
3,998 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(893) |
|
|
(2,233) |
|
|
|
| Net assets |
|
|
|
199 |
|
|
1,765 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
99 |
|
|
1,665 |
|
| Shareholders' funds |
|
|
|
199 |
|
|
1,765 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| M T Walker |
| Director |
| Approved by the board on 21 November 2025 |
|
| MIKE WALKER ACADEMY LIMITED |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods sold to customers and work carried out in respect of services provided to customers. |
|
|
Going concern |
|
The company is reliant upon the continuing support of Mr M Walker who is the company's sole director and 50% shareholder. Mr Walker has indicated that he intends to support the company on an ongoing basis. The going concern basis of accounting has therefore been adopted. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
6,250 |
|
2,500 |
|
Other debtors |
3,350 |
|
4 |
|
|
|
|
|
|
9,600 |
|
2,504 |
|
|
|
|
|
|
|
|
|
|
Other debtors includes £2,846 (2024: £nil) due from a related party as disclosed in note 6. |
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
1,340 |
|
1,340 |
|
Corporation tax |
16,226 |
|
8,169 |
|
|
|
|
|
|
17,566 |
|
9,509 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
893 |
|
2,233 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
M T Walker |
|
Unsecured, interest-free and repayable on demand. |
- |
|
2,846 |
|
- |
|
2,846 |
|
|
|
- |
|
2,846 |
|
- |
|
2,846 |
|
|
|
|
|
|
|
|
|
|
The loan was repaid in full by the end of July 2025. |
|
| 7 |
Other information |
|
|
MIKE WALKER ACADEMY LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
26 Main Road |
|
Naphill |
|
High Wycombe |
|
Buckinghamshire |
|
HP14 4QB |