REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2021 |
FOR |
AS IF BY MAGIC LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2021 |
FOR |
AS IF BY MAGIC LTD |
AS IF BY MAGIC LTD (REGISTERED NUMBER: 09827444) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2021 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
AS IF BY MAGIC LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2021 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
BANKERS: |
Duke Street |
Barrow-in-Furness |
Cumbria |
LA14 1HR |
AS IF BY MAGIC LTD (REGISTERED NUMBER: 09827444) |
ABRIDGED BALANCE SHEET |
31 OCTOBER 2021 |
31.10.21 | 31.10.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
AS IF BY MAGIC LTD (REGISTERED NUMBER: 09827444) |
ABRIDGED BALANCE SHEET - continued |
31 OCTOBER 2021 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
AS IF BY MAGIC LTD (REGISTERED NUMBER: 09827444) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 OCTOBER 2021 |
1. | STATUTORY INFORMATION |
As If By Magic Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on the going concern basis the directors having agreed to continue to support the company. |
Turnover |
Turnover represents net invoiced sales of services and rental income, excluding VAT. |
Tangible fixed assets |
Freehold property | - |
Buildings | - |
Plant and machinery | - |
Motor vehicles | - |
Computer equipment | - |
Freehold property has not been depreciated which is a departure from Financial Reporting Standard 102 and from the Companies Act 2006. Depreciation if provided would not have been of a material nature. The directors consider that this policy results in the financial statements showing a true and fair view. |
Government grants |
Grants received are credited to profit and loss account in the financial period in which they are received. |
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 |
AS IF BY MAGIC LTD (REGISTERED NUMBER: 09827444) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2021 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 November 2020 |
Additions |
At 31 October 2021 |
DEPRECIATION |
At 1 November 2020 |
Charge for year |
At 31 October 2021 |
NET BOOK VALUE |
At 31 October 2021 |
At 31 October 2020 |
Freehold property has not been depreciated which is a departure from Financial Reporting Standard 102 and from the Companies Act 2006. Depreciation if provided would not have been of a material nature. The directors consider that this policy results in the financial statements showing a true and fair view. |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.10.21 | 31.10.20 |
value: | £ | £ |
Ordinary | £1 | 100,000 | 100,000 |
6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The loan is interest free, unsecured and repayable on demand. |