Company Registration No. 10972202 (England and Wales)
Maggie & Me Limited
Unaudited accounts
for the year ended 31 May 2024
Maggie & Me Limited
Unaudited accounts
Contents
Maggie & Me Limited
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
341,457
278,948
Creditors: amounts falling due within one year
(4,463)
(23,717)
Net current assets
336,994
255,464
Total assets less current liabilities
336,994
319,308
Provisions for liabilities
Net assets
336,994
318,463
Called up share capital
100
100
Profit and loss account
336,894
318,363
Shareholders' funds
336,994
318,463
For the year ending 31 May 2024 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by
Timothy Jacob Harry Slotover
Director
Company Registration No. 10972202
Maggie & Me Limited
Notes to the Accounts
for the year ended 31 May 2024
Maggie & Me Limited is a private company, limited by shares, registered in England and Wales, registration number 10972202. The registered office is Suite A, 82 James Carter Road, Mildenhall, Bury St. Edmunds, Suffolk, IP28 7DE, United Kingdom.
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.
These financial statements for the year ended 31 May 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Computer equipment
50% on cost
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.
Fixed asset investments are shown at fair value at the year end.
Maggie & Me Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Computer equipment
5
Investments
Other investments
Valuation at 1 June 2023
63,844
Valuation at 31 May 2024
-
During the year, the gain on disposal of investments amounted to £8,838 (2023: £3,181). This has been included within the investment income amount on the statement of income and retained earnings.
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,763
22,617
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).