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Unaudited Financial Statements

for the Year Ended 29 June 2024

for

Munch and Wiggles Limited

Munch and Wiggles Limited (Registered number: 10845598)

Contents of the Financial Statements
for the Year Ended 29 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Munch and Wiggles Limited

Company Information
for the Year Ended 29 June 2024







DIRECTOR: B Christie





REGISTERED OFFICE: 3 High Street
Oxshott
Surrey
KT22 0JN





REGISTERED NUMBER: 10845598 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Munch and Wiggles Limited (Registered number: 10845598)

Balance Sheet
29 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,650 55,994

CURRENT ASSETS
Debtors 5 9,171 9,239
Cash at bank 139 -
9,310 9,239
CREDITORS
Amounts falling due within one year 6 278,260 288,423
NET CURRENT LIABILITIES (268,950 ) (279,184 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(223,300

)

(223,190

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (223,400 ) (223,290 )
SHAREHOLDERS' FUNDS (223,300 ) (223,190 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 November 2024 and were signed by:





B Christie - Director


Munch and Wiggles Limited (Registered number: 10845598)

Notes to the Financial Statements
for the Year Ended 29 June 2024


1. STATUTORY INFORMATION

Munch and Wiggles 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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.

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.

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 9 (2023 - 8 ) .

Munch and Wiggles Limited (Registered number: 10845598)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 30 June 2023 113,241 44,104 1,137 158,482
Additions - 2,603 - 2,603
At 29 June 2024 113,241 46,707 1,137 161,085
DEPRECIATION
At 30 June 2023 59,262 42,089 1,137 102,488
Charge for year 11,324 1,623 - 12,947
At 29 June 2024 70,586 43,712 1,137 115,435
NET BOOK VALUE
At 29 June 2024 42,655 2,995 - 45,650
At 29 June 2023 53,979 2,015 - 55,994

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 99 75
VAT 4,204 5,221
Prepayments and accrued income 4,868 3,943
9,171 9,239

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,720 15,768
Trade creditors 11,448 15,832
Social security and other taxes 4,462 1,655
Pensions payable 323 218
Other creditors 2,728 -
Directors' current accounts 219,988 205,389
Accruals and deferred income 20,511 22,480
Bounce Back Loan 17,080 27,081
278,260 288,423

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.