REGISTERED NUMBER: 09798454 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Miracle & Wonder Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

S H Fox

M T Baldry

REGISTERED OFFICE:

15 Newland

Lincoln

LN1 1XG

REGISTERED NUMBER:

09798454 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Chancery Court

34 West Street

Retford

Nottinghamshire

DN22 6ES

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Miracle & Wonder Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Miracle & Wonder Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Miracle & Wonder Limited and state those matters that we have agreed to state to the Board of Directors of Miracle & Wonder Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Miracle & Wonder Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Miracle & Wonder Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Miracle & Wonder Limited. You consider that Miracle & Wonder Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Miracle & Wonder Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wright Vigar Limited

Chartered Accountants & Business Advisers

Chancery Court

34 West Street

Retford

Nottinghamshire

DN22 6ES

30 September 2025

FIXED ASSETS

Tangible assets

4

88,596

127,995

CURRENT ASSETS

Stocks

12,280

12,168

Debtors

5

3,282

3,673

Cash at bank

24,876

22,958

40,438

38,799

CREDITORS

Amounts falling due within one year

6

96,492

70,323

NET CURRENT LIABILITIES

(56,054

)

(31,524

)

TOTAL ASSETS LESS CURRENT LIABILITIES

32,542

96,471

CREDITORS

Amounts falling due after more than one year

7

561,141

566,627

NET LIABILITIES

(528,599

)

(470,156

)

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

(528,601

)

(470,158

)

SHAREHOLDERS' FUNDS

(528,599

)

(470,156

)

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

S H Fox - Director

1.	STATUTORY INFORMATION

Miracle & Wonder 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.

The accounts are prepared on a going concern basis which assumes the directors will continue to support the Company. If this support was not to continue then the basis may not be appropriate. As at the 31 December 2024 the company's net liabilities were £528,599 (2023: £470,516). Included within long term liabilities is directors' loan accounts of £535,200 (2023: £535,200). The directors will continue to support the company going forward and will not seek to call in their loans for the foreseeable future.

Should the company then not be able to continue trading, adjustments to the value of assets would be needed to provide for any further liabilities which might arise and to reclassify fixed assets as current assets.

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, fittings & equipment

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 16 (2023 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures,

to

fittings

Motor

Computer

property

& equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

340,851

105,071

15,695

2,897

464,514

Additions

-

1,823

-

-

1,823

At 31 December 2024

340,851

106,894

15,695

2,897

466,337

DEPRECIATION

At 1 January 2024

258,525

71,565

4,185

2,244

336,519

Charge for year

34,085

5,194

1,727

216

41,222

At 31 December 2024

292,610

76,759

5,912

2,460

377,741

NET BOOK VALUE

At 31 December 2024

48,241

30,135

9,783

437

88,596

At 31 December 2023

82,326

33,506

11,510

653

127,995

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

213

-

Other debtors

-

134

Prepayments

3,069

3,539

3,282

3,673

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,487

5,351

Trade creditors

28,733

32,534

Social security and other taxes

2,904

3,397

VAT

14,809

13,448

Other creditors

3,611

12,423

Accruals and deferred income

40,948

3,170

96,492

70,323

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 2-5 years

25,941

31,427

Directors' loan accounts

535,200

535,200

561,141

566,627

8.	SECURED DEBTS

The bank loan has been guaranteed by the UK Government as part of the Coronavirus Bounce Back Loan scheme.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2