IRIS Accounts Production v24.1.9.2 05367552 director 1.8.23 31.7.24 31.7.24 false true false false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh053675522023-07-31053675522024-07-31053675522023-08-012024-07-31053675522022-07-31053675522022-08-012023-07-31053675522023-07-3105367552ns15:EnglandWales2023-08-012024-07-3105367552ns14:PoundSterling2023-08-012024-07-3105367552ns10:Director12023-08-012024-07-3105367552ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3105367552ns10:SmallEntities2023-08-012024-07-3105367552ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3105367552ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3105367552ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3105367552ns10:FullAccounts2023-08-012024-07-310536755212023-08-012024-07-3105367552ns10:OrdinaryShareClass12023-08-012024-07-3105367552ns10:OrdinaryShareClass22023-08-012024-07-3105367552ns10:RegisteredOffice2023-08-012024-07-3105367552ns5:CurrentFinancialInstruments2024-07-3105367552ns5:CurrentFinancialInstruments2023-07-3105367552ns5:ShareCapital2024-07-3105367552ns5:ShareCapital2023-07-3105367552ns5:RetainedEarningsAccumulatedLosses2024-07-3105367552ns5:RetainedEarningsAccumulatedLosses2023-07-3105367552ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3105367552ns5:ShortLeaseholdAssetsns5:LandBuildings2023-08-012024-07-3105367552ns5:PlantMachinery2023-08-012024-07-3105367552ns5:MotorVehicles2023-08-012024-07-3105367552ns5:ComputerEquipment2023-08-012024-07-3105367552ns5:NetGoodwill2023-07-3105367552ns5:NetGoodwill2024-07-3105367552ns5:NetGoodwill2023-07-3105367552ns5:ShortLeaseholdAssetsns5:LandBuildings2023-07-3105367552ns5:PlantMachinery2023-07-3105367552ns5:MotorVehicles2023-07-3105367552ns5:ComputerEquipment2023-07-3105367552ns5:ShortLeaseholdAssetsns5:LandBuildings2024-07-3105367552ns5:PlantMachinery2024-07-3105367552ns5:MotorVehicles2024-07-3105367552ns5:ComputerEquipment2024-07-3105367552ns5:ShortLeaseholdAssetsns5:LandBuildings2023-07-3105367552ns5:PlantMachinery2023-07-3105367552ns5:MotorVehicles2023-07-3105367552ns5:ComputerEquipment2023-07-3105367552ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-07-3105367552ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3105367552ns5:CurrentFinancialInstruments2023-08-012024-07-3105367552ns10:OrdinaryShareClass12024-07-3105367552ns10:OrdinaryShareClass22024-07-31
REGISTERED NUMBER: 05367552 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

MEGAN BAKER LIMITED

MEGAN BAKER LIMITED (REGISTERED NUMBER: 05367552)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MEGAN BAKER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Ms M Baker





REGISTERED OFFICE: 128 High Street
Cowes
Isle of Wight
PO31 7AY





REGISTERED NUMBER: 05367552 (England and Wales)





ACCOUNTANTS: Mackenzies
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

MEGAN BAKER LIMITED (REGISTERED NUMBER: 05367552)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,931 16,207
12,931 16,207

CURRENT ASSETS
Debtors 6 15,641 14,813
Cash at bank 34,059 38,203
49,700 53,016
CREDITORS
Amounts falling due within one year 7 10,846 8,933
NET CURRENT ASSETS 38,854 44,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,785

60,290

CAPITAL AND RESERVES
Called up share capital 8 296 296
Retained earnings 51,489 59,994
SHAREHOLDERS' FUNDS 51,785 60,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

MEGAN BAKER LIMITED (REGISTERED NUMBER: 05367552)

BALANCE SHEET - continued
31 JULY 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 November 2024 and were signed by:





Ms M Baker - Director


MEGAN BAKER LIMITED (REGISTERED NUMBER: 05367552)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Megan Baker 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

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.
Short leasehold - 20% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Fixtures, fittings & equipment - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

MEGAN BAKER LIMITED (REGISTERED NUMBER: 05367552)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 August 2023
and 31 July 2024 55,000
AMORTISATION
At 1 August 2023
and 31 July 2024 55,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures,
Short Plant and Motor fittings &
leasehold machinery vehicles equipment Totals
£ £ £ £ £
COST
At 1 August 2023 22,520 23,261 24,358 31,040 101,179
Additions - - - 1,033 1,033
At 31 July 2024 22,520 23,261 24,358 32,073 102,212
DEPRECIATION
At 1 August 2023 22,520 14,156 21,074 27,222 84,972
Charge for year - 2,276 821 1,212 4,309
At 31 July 2024 22,520 16,432 21,895 28,434 89,281
NET BOOK VALUE
At 31 July 2024 - 6,829 2,463 3,639 12,931
At 31 July 2023 - 9,105 3,284 3,818 16,207

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 2,700 1,375
Other debtors 11,727 11,727
VAT - 1,216
Prepayments 1,214 495
15,641 14,813

MEGAN BAKER LIMITED (REGISTERED NUMBER: 05367552)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 1,209 667
Tax 5,897 6,541
Social security and other taxes 953 654
VAT 2,314 -
Other creditors 114 194
Director's current account 139 657
Accrued expenses 220 220
10,846 8,933

Other creditors consists of pension contributions due of £113.77 (2023: £193.83) and Statutory Sick Payments due of £560.40.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
196 Ordinary A 1 196 196
100 Ordinary B 1 100 100
296 296

9. ULTIMATE CONTROLLING PARTY

The controlling party is Ms M Baker.