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REGISTERED NUMBER: 02875230 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

MISTER BAGMAN LIMITED

MISTER BAGMAN LIMITED (REGISTERED NUMBER: 02875230)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MISTER BAGMAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: Mr AP Smith
Mr A J Wiltshire





REGISTERED OFFICE: 5 Dallington Close
Geddington
Northamptonshire
NN14 1AB





REGISTERED NUMBER: 02875230 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

MISTER BAGMAN LIMITED (REGISTERED NUMBER: 02875230)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 45,712 54,950
45,712 54,950

CURRENT ASSETS
Stocks 35,594 35,792
Debtors 6 26,592 30,540
Cash at bank and in hand 96,732 78,684
158,918 145,016
CREDITORS
Amounts falling due within one year 7 97,703 97,979
NET CURRENT ASSETS 61,215 47,037
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,927

101,987

PROVISIONS FOR LIABILITIES 11,428 13,738
NET ASSETS 95,499 88,249

CAPITAL AND RESERVES
Called up share capital 75,000 75,000
Retained earnings 20,499 13,249
SHAREHOLDERS' FUNDS 95,499 88,249

MISTER BAGMAN LIMITED (REGISTERED NUMBER: 02875230)

BALANCE SHEET - continued
30TH APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd October 2024 and were signed on its behalf by:





Mr AP Smith - Director


MISTER BAGMAN LIMITED (REGISTERED NUMBER: 02875230)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

Mister Bagman 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 historic cost basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Acquired goodwill is written off in equal instalments over its estimated useful economic life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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 Statement of Income and Retained Earnings, 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.


MISTER BAGMAN LIMITED (REGISTERED NUMBER: 02875230)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


2. ACCOUNTING POLICIES - continued
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.

Financial instruments
The company is party to only basic financial instruments such as cash, trade debtors and creditors, and bank loans. Instruments such as trade debtors and creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 28,238
AMORTISATION
At 1st May 2023
and 30th April 2024 28,238
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 -



MISTER BAGMAN LIMITED (REGISTERED NUMBER: 02875230)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st May 2023 1,466 2,129 67,214 26,357 97,166
Additions - - - 6,778 6,778
Disposals (636 ) (2,129 ) (16,470 ) (5,978 ) (25,213 )
At 30th April 2024 830 - 50,744 27,157 78,731
DEPRECIATION
At 1st May 2023 1,025 1,938 24,177 15,076 42,216
Charge for year 34 - 10,295 2,295 12,624
Eliminated on disposal (426 ) (1,938 ) (14,612 ) (4,845 ) (21,821 )
At 30th April 2024 633 - 19,860 12,526 33,019
NET BOOK VALUE
At 30th April 2024 197 - 30,884 14,631 45,712
At 30th April 2023 441 191 43,037 11,281 54,950

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,459 29,461
VAT - 759
Prepayments 133 320
26,592 30,540

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 43,124 56,606
Corporation tax 13,349 5,064
Paye and NI 206 206
VAT 5,320 -
Credit card creditor 880 1,280
Directors' current accounts 33,465 33,465
Accrued expenses 1,359 1,358
97,703 97,979

8. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.