Company Registration No. 07265198 (England and Wales)
M K Bailey Limited
Unaudited accounts
for the period from 1 June 2025 to 31 March 2026
M K Bailey Limited
Unaudited accounts
Contents
M K Bailey Limited
Company Information
for the period from 1 June 2025 to 31 March 2026
Company Number
07265198 (England and Wales)
Registered Office
THE PADDOCK MOUNT PLEASANT
HOSE
MELTON MOWBRAY
LEICESTERSHIRE
LE14 4JX
Accountants
Barrowby Accountants Limited
Kobia, Low Road, Barrowby
Grantham
Lincs.
NG32 1DJ
M K Bailey Limited
Statement of financial position
as at 31 March 2026
Tangible assets
53,507
66,922
Inventories
411,387
375,387
Cash at bank and in hand
347,688
447,389
Creditors: amounts falling due within one year
(173,022)
(198,712)
Net current assets
595,005
671,613
Total assets less current liabilities
648,512
738,535
Provisions for liabilities
Deferred tax
(12,859)
(15,910)
Net assets
635,653
722,625
Called up share capital
2
2
Profit and loss account
635,651
722,623
Shareholders' funds
635,653
722,625
For the period ending 31 March 2026 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.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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 2 September 2026 and were signed on its behalf by
M K Bailey
Director
Company Registration No. 07265198
M K Bailey Limited
Notes to the Accounts
for the period from 1 June 2025 to 31 March 2026
M K Bailey Limited is a private company, limited by shares, registered in England and Wales, registration number 07265198. The registered office is THE PADDOCK MOUNT PLEASANT, HOSE, MELTON MOWBRAY, LEICESTERSHIRE, LE14 4JX.
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 period, 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.
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
15% reducing balance
Motor vehicles
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Total
M K Bailey Limited
Notes to the Accounts
for the period from 1 June 2025 to 31 March 2026
5
Tangible fixed assets
Total
Charge for the period
13,415
6
Deferred taxation
2026
2025
Accelerated capital allowances
12,859
15,910
Provision at start of period
15,910
11,821
(Credited)/charged to the profit and loss account
(3,051)
4,089
Provision at end of period
12,859
15,910
7
Operating lease commitments
2026
2025
At 31 March 2026 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
9,727
8,901
Later than one year and not later than five years
18,643
-
8
Transactions with related parties
Included in creditors is an interest free loan from the director amounting to £55,294 and an interest free loan from A Bailey (shareholder) amounting to £79,160 at the balance sheet date.
9
Average number of employees
During the period the average number of employees was 4 (2025: 4).