Company Registration No. 12271862 (England and Wales)
M BAKSI LIMITED
Unaudited accounts
for the year ended 31 October 2025
M BAKSI LIMITED
Unaudited accounts
Contents
M BAKSI LIMITED
Company Information
for the year ended 31 October 2025
Company Number
12271862 (England and Wales)
Registered Office
40 WILLOUGHBY ROAD
LONDON
N8 0JG
UNITED KINGDOM
M BAKSI LIMITED
Statement of financial position
as at 31 October 2025
Tangible assets
5,921
7,402
Cash at bank and in hand
3,002
5,464
Creditors: amounts falling due within one year
(109,137)
(93,842)
Net current liabilities
(106,035)
(87,993)
Net liabilities
(100,114)
(80,591)
Called up share capital
100
100
Profit and loss account
(100,214)
(80,691)
Shareholders' funds
(100,114)
(80,591)
For the year ending 31 October 2025 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 director acknowledges his 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 and authorised for issue on 15 July 2026 and were signed on its behalf by
Mehmet Baksi
Director
Company Registration No. 12271862
M BAKSI LIMITED
Notes to the Accounts
for the year ended 31 October 2025
M BAKSI LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12271862. The registered office is 40 WILLOUGHBY ROAD, LONDON, N8 0JG, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Plant & machinery
20% reducing balance method
Fixtures & fittings
20% reducing balance method
Computer equipment
20% reducing balance method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The Director has reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future. The Company therefore continue to adopt the Going Concern basis for preparing it's financial statements.
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
M BAKSI LIMITED
Notes to the Accounts
for the year ended 31 October 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2024
7,850
3,850
1,981
13,681
At 31 October 2025
7,850
3,850
1,981
13,681
At 1 November 2024
3,831
1,683
765
6,279
Charge for the year
804
434
243
1,481
At 31 October 2025
4,635
2,117
1,008
7,760
At 31 October 2025
3,215
1,733
973
5,921
At 31 October 2024
4,019
2,167
1,216
7,402
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
995
-
Other creditors
53,899
48,768
Loans from directors
48,223
39,944
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 3 (2024: 6).