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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
Page
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Maggie & Me Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
- 
63,844 
Current assets
Debtors
- 
233 
Cash at bank and in hand
341,457 
278,948 
341,457 
279,181 
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
Deferred tax
- 
(845)
Net assets
336,994 
318,463 
Capital and reserves
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
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Maggie & Me Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 taxation
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
Fixed asset investments are shown at fair value at the year end.
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Maggie & Me Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2023
1,534 
At 31 May 2024
1,534 
Depreciation
At 1 June 2023
1,534 
At 31 May 2024
1,534 
Net book value
At 31 May 2024
- 
5
Investments
Other investments 
£ 
Valuation at 1 June 2023
63,844 
Disposals
(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.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
233 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,763 
22,617 
Accruals
700 
1,100 
4,463 
23,717 
8
Share capital
2024 
2023 
£ 
£ 
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).
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