Michael Earle Associates Ltd |
Registered Number:08868903 |
For the year ended 31 January 2023
England and Wales
Report of the Directors and Unaudited Financial Statements
For the year ended 31 January 2023
Michael Earle Associates Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Michael Earle Associates Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
1,673
10,072
4
1,673
10,072
Trade and other receivables |
43,500
39,972
5
165,384
Cash and cash equivalents |
177,723
217,695
208,884
Trade and other payables: amounts falling due within one year |
(110,670)
(102,501)
6
98,214
115,194
Net current assets
Total assets less current liabilities |
116,867
108,286
116,867
Net assets
108,286
100
100
116,767
108,186
116,867
108,286
Shareholders' funds
For the year ended 31 January 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 of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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 in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Michael Andrew Earle Director |
These financial statements were approved and authorised for issue by the Board on 12 June 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 January 2023
Michael Earle Associates Ltd
Notes to the Financial Statements
Statutory Information
Michael Earle Associates Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
08868903. |
1 Laburnham Cottages
Brighton Road
Handcross
West Sussex
RH17 6BU
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have |
been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Motor vehicles
Fixtures and fittings
2022
The taxation charge is based on the taxable profit for the year and comprises: |
2023
21,646
27,108
Tax on profit on ordinary activities |
21,646
27,108
2022
2023
Dividend on equity instruments: |
(75,000)
(75,000)
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For the year ended 31 January 2023
Michael Earle Associates Ltd
Notes to the Financial Statements Continued
4. Property, plant and equipment |
Motor vehicles
20,640
4,373
2,267
14,000
142
142
-
-
-
-
(14,000)
(14,000)
-
2,267
4,515
6,782
Provision for depreciation and impairment |
10,568
2,402
2,041
6,125
Charge for year
(5,459)
609
57
(6,125)
5,109
3,011
2,098
-
-
169
1,504
1,673
7,875
226
1,971
10,072
5. Trade and other receivables |
2022
2023
39,972
43,500
6. Trade and other payables: amounts falling due within one year |
2022
2023
-
59
Taxation and social security |
41,324
42,107
61,177
68,504
102,501
110,670
7. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 1)
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