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REGISTERED NUMBER: 07640123 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

M N Badger Ltd

M N Badger Ltd (Registered number: 07640123)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


M N Badger Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: M A Badger
Mrs A Badger





REGISTERED OFFICE: 61 Stanley Road
Bootle
Merseyside
L20 7BZ





REGISTERED NUMBER: 07640123 (England and Wales)





ACCOUNTANTS: Kinsella Clarke Limited
61 Stanley Road
Bootle
Merseyside
L20 7BZ

M N Badger Ltd (Registered number: 07640123)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,605 26,837

CURRENT ASSETS
Stocks 26,085 15,750
Debtors 5 67,519 38,197
Cash at bank 12,960 31,166
106,564 85,113
CREDITORS
Amounts falling due within one year 6 71,826 71,193
NET CURRENT ASSETS 34,738 13,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,343

40,757

CREDITORS
Amounts falling due after more than one
year

7

(11,667

)

(21,667

)

PROVISIONS FOR LIABILITIES (3,533 ) (4,650 )
NET ASSETS 40,143 14,440

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 40,141 14,438
SHAREHOLDERS' FUNDS 40,143 14,440

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

M N Badger Ltd (Registered number: 07640123)

Statement of Financial Position - continued
31 May 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 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 3 February 2025 and were signed on its behalf by:





M A Badger - Director


M N Badger Ltd (Registered number: 07640123)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

M N Badger Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

M N Badger Ltd (Registered number: 07640123)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 56,740
Additions 423
At 31 May 2024 57,163
DEPRECIATION
At 1 June 2023 29,903
Charge for year 6,655
At 31 May 2024 36,558
NET BOOK VALUE
At 31 May 2024 20,605
At 31 May 2023 26,837

M N Badger Ltd (Registered number: 07640123)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 4,200
DEPRECIATION
At 1 June 2023 3,639
Charge for year 141
At 31 May 2024 3,780
NET BOOK VALUE
At 31 May 2024 420
At 31 May 2023 561

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 67,519 24,082
Other debtors - 14,115
67,519 38,197

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 23,881 18,359
Amounts owed to group undertakings 5,050 13,300
Taxation and social security 30,579 27,028
Other creditors 12,316 12,506
71,826 71,193

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other creditors 11,667 21,667

M N Badger Ltd (Registered number: 07640123)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Mrs A Badger and M A Badger
Balance outstanding at start of year (356 ) 42,471
Amounts advanced 26,965 25,104
Amounts repaid (26,675 ) (67,931 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (66 ) (356 )

9. ULTIMATE CONTROLLING PARTY

The company was under the control of its directors, Mr M Badger and Mrs A Badger, virtue to the fact that between them, they hold all of the company's issued share capital.