MAGIC IT CONSULTING LTD

Company Registration Number:
06528068 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

MAGIC IT CONSULTING LTD

Contents of the Financial Statements

for the Period Ended 31 December 2021

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

MAGIC IT CONSULTING LTD

Company Information

for the Period Ended 31 December 2021




Director: M J Connor
C J Connor
Registered office: 39
Meeting Street
Quorn
Loughborough
England
LE12 8EU
Company Registration Number: 06528068 (England and Wales)

MAGIC IT CONSULTING LTD

Directors' Report Period Ended 31 December 2021

The directors present their report with the financial statements of the company for the period ended 31 December 2021

Principal Activities

The principal activity of the company during the period was the supply of computer consulting services.

Directors

The directors shown below have held office during the whole of the period from 01 January 2021 to 31 December 2021
M J Connor
C J Connor

This report was approved by the board of directors on 4 September 2022
And Signed On Behalf Of The Board By:

Name: M J Connor
Status: Director

MAGIC IT CONSULTING LTD

Balance sheet

As at 31 December 2021


Notes

2021
£

2020
£
Fixed assets
Tangible assets: 4 7,042 6,619
Total fixed assets: 7,042 6,619
Current assets
Debtors: 17,651 14,401
Cash at bank and in hand: 405,353 335,689
Total current assets: 423,004 350,090
Creditors: amounts falling due within one year: ( 43,388 ) ( 37,286 )
Net current assets (liabilities): 379,616 312,804
Total assets less current liabilities: 386,658 319,423
Total net assets (liabilities): 386,658 319,423

The notes form part of these financial statements

MAGIC IT CONSULTING LTD

Balance sheet continued

As at 31 December 2021


Notes

2021
£

2020
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 386,558 319,323
Shareholders funds: 386,658 319,423

For the year ending 31 December 2021 the company was entitled to exemption 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 directors acknowledge their 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 this accounting 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.

This report was approved by the board of directors on 4 September 2022
And Signed On Behalf Of The Board By:

Name: M J Connor
Status: Director

The notes form part of these financial statements

MAGIC IT CONSULTING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MAGIC IT CONSULTING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 2. Employees


    2021

    2020
    Average number of employees during the period 2 2

MAGIC IT CONSULTING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 3. Off balance sheet disclosure

    No

MAGIC IT CONSULTING LTD

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Tangible Assets

Total
Cost £
At 01 January 2021 16,102
Additions 4,010
Disposals (2,543)
Revaluations -
Transfers -
At 31 December 2021 17,569
Depreciation
At 01 January 2021 9,483
Charge for year 3,587
On disposals (2,543)
Other adjustments -
At 31 December 2021 10,527
Net book value
At 31 December 2021 7,042
At 31 December 2020 6,619