Company Registration No. 07374929 (England and Wales)
Mike Stevens Ltd
Unaudited accounts
for the year ended 30 September 2023
Mike Stevens Ltd
Unaudited accounts
Contents
Mike Stevens Ltd
Company Information
for the year ended 30 September 2023
Company Number
07374929 (England and Wales)
Registered Office
128 City Road
London
EC1V 2NX
Accountants
Sue Kowszun, Harlequin Accounting & Financial Services Ltd
Bancroft, Mill Road
West chiltington
Pulborough
West Sussex
RH20 2PZ
Mike Stevens Ltd
Statement of financial position
as at 30 September 2023
Intangible assets
34,675
34,675
Tangible assets
5,678
5,646
Investment property
507,330
507,330
Cash at bank and in hand
576,197
516,143
Creditors: amounts falling due within one year
(35,954)
(42,880)
Net current assets
548,224
490,676
Net assets
1,095,907
1,038,327
Called up share capital
1
1
Profit and loss account
1,095,906
1,038,326
Shareholders' funds
1,095,907
1,038,327
For the year ending 30 September 2023 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 director acknowledges his 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 January 2024 and were signed on its behalf by
Michael Stevens
Director
Company Registration No. 07374929
Mike Stevens Ltd
Notes to the Accounts
for the year ended 30 September 2023
Mike Stevens Ltd is a private company, limited by shares, registered in England and Wales, registration number 07374929. The registered office is 128 City Road, London, EC1V 2NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on a reducing balance basis
Computer equipment
20% on cost
No depreciation is provided on the freehold property as it is the company's policy to maintain the property by a programme of repair and refurbishment such that the residual value of the property is at least equal to the book value. Having regard to this, in the opinion of the director, any depreciation required by the Companies Act 2006 would not be material.
Intangible fixed assets relates to purchased goodwill from Mike Stevens as a sole trader and relates to him specifically. It has not been amortised.
Mike Stevens Ltd
Notes to the Accounts
for the year ended 30 September 2023
4
Intangible fixed assets
Goodwill
At 30 September 2023
34,675
At 30 September 2023
34,675
At 30 September 2022
34,675
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2022
37,941
-
37,941
At 30 September 2023
38,146
1,247
39,393
At 1 October 2022
32,295
-
32,295
Charge for the year
1,170
250
1,420
At 30 September 2023
33,465
250
33,715
At 30 September 2023
4,681
997
5,678
At 30 September 2022
5,646
-
5,646
Fair value at 1 October 2022
507,330
At 30 September 2023
507,330
Freehold investment property is held at cost. It is the company's policy to maintain the property by a programme of repair and refurbishment such that the residual value of the property is at least equal to the book value.
Amounts falling due within one year
Trade debtors
7,980
17,412
Mike Stevens Ltd
Notes to the Accounts
for the year ended 30 September 2023
8
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
21,023
21,976
Loans from directors
1,672
12,181
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).