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REGISTERED NUMBER: 09827444 (England and Wales)
























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: Mr R Towers
Mr G T Towers
Mrs S M Woods
Miss M J Woods



REGISTERED OFFICE: Millway
Devonshire Road
Millom
Cumbria
LA18 4JP



REGISTERED NUMBER: 09827444 (England and Wales)



BANKERS: Barclays Bank plc
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 1,629,543 1,660,977

CURRENT ASSETS
Debtors 464,347 738,304
Cash at bank 9,709 11,937
474,056 750,241
CREDITORS
Amounts falling due within one year 2,061,447 1,948,786
NET CURRENT LIABILITIES (1,587,391 ) (1,198,545 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,152

462,432

CREDITORS
Amounts falling due after more than one
year

2,000,000

1,500,000
NET LIABILITIES (1,957,848 ) (1,037,568 )

CAPITAL AND RESERVES
Called up share capital 5 100,000 100,000
Retained earnings (2,057,848 ) (1,137,568 )
SHAREHOLDERS' FUNDS (1,957,848 ) (1,037,568 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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.

AS IF BY MAGIC LTD (REGISTERED NUMBER: 09827444)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 July 2022 and were signed on its behalf by:




Miss M J Woods - Director Mrs S M Woods - Director




Mr G T Towers - Director Mr R Towers - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Buildings - not provided
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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 19 (2020 - 20 ) .

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 1,720,569
Additions 10,964
At 31 October 2021 1,731,533
DEPRECIATION
At 1 November 2020 59,592
Charge for year 42,398
At 31 October 2021 101,990
NET BOOK VALUE
At 31 October 2021 1,629,543
At 31 October 2020 1,660,977

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: £    £   
100,000 Ordinary £1 100,000 100,000

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The loan is interest free, unsecured and repayable on demand.