Company Registration No. 11443792 (England and Wales)
MAGIC FINISH LIMITED
Unaudited accounts
for the year ended 31 July 2022
MAGIC FINISH LIMITED
Unaudited accounts
Contents
MAGIC FINISH LIMITED
Company Information
for the year ended 31 July 2022
Company Number
11443792 (England and Wales)
Registered Office
20-22 WENLOCK ROAD
LONDON
N1 7GU
ENGLAND
Accountants
Baltic Accountancy Services Limited
Suite 13
218 Tollgate Road
London
E6 5YA
MAGIC FINISH LIMITED
Statement of financial position
as at 31 July 2022
Tangible assets
6,611
7,874
Cash at bank and in hand
131,807
68,395
Creditors: amounts falling due within one year
21,122
(50,508)
Net current assets
348,129
188,774
Total assets less current liabilities
354,740
196,648
Creditors: amounts falling due after more than one year
(149,067)
(57,728)
Net assets
205,673
138,920
Called up share capital
1
1
Profit and loss account
205,672
138,919
Shareholders' funds
205,673
138,920
For the year ending 31 July 2022 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 17 July 2023 and were signed on its behalf by
Mr EugenZAVOIANU
Director
Company Registration No. 11443792
MAGIC FINISH LIMITED
Notes to the Accounts
for the year ended 31 July 2022
MAGIC FINISH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11443792. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
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.
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:
Motor vehicles
Depreciation is calculated at 25% on a straight line basis
Computer equipment
Depreciation is calculated at 25% on a straight line basis
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2021
9,500
999
10,499
At 31 July 2022
9,500
2,814
12,314
At 1 August 2021
2,375
250
2,625
Charge for the year
2,375
703
3,078
At 31 July 2022
4,750
953
5,703
At 31 July 2022
4,750
1,861
6,611
At 31 July 2021
7,125
749
7,874
MAGIC FINISH LIMITED
Notes to the Accounts
for the year ended 31 July 2022
Amounts falling due within one year
Trade debtors
126,706
103,506
Other debtors
65,600
57,381
Amounts falling due after more than one year
Other debtors
2,500
10,000
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
-
37,025
Other creditors
1,560
9,060
Loans from directors
-
233
7
Creditors: amounts falling due after more than one year
2022
2021
Taxes and social security
38,356
7,728
Loans from directors
70,000
-
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).