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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
Page
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MAGIC FINISH LIMITED Company Information for the year ended 31 July 2022
Director
Mr EugenZAVOIANU
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
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MAGIC FINISH LIMITED Statement of financial position as at 31 July 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,611 
7,874 
Current assets
Debtors
195,200 
170,887 
Cash at bank and in hand
131,807 
68,395 
327,007 
239,282 
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 
Capital and reserves
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
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MAGIC FINISH LIMITED Notes to the Accounts for the year ended 31 July 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
- 
1,815 
1,815 
At 31 July 2022
9,500 
2,814 
12,314 
Depreciation
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 
Net book value
At 31 July 2022
4,750 
1,861 
6,611 
At 31 July 2021
7,125 
749 
7,874 
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MAGIC FINISH LIMITED Notes to the Accounts for the year ended 31 July 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
394 
- 
Trade debtors
126,706 
103,506 
Other debtors
65,600 
57,381 
192,700 
160,887 
Amounts falling due after more than one year
Other debtors
2,500 
10,000 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
- 
4,190 
Trade creditors
(22,682)
- 
Taxes and social security
- 
37,025 
Other creditors
1,560 
9,060 
Loans from directors
- 
233 
(21,122)
50,508 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
40,711 
50,000 
Taxes and social security
38,356 
7,728 
Loans from directors
70,000 
- 
149,067 
57,728 
8
Share capital
2022 
2021 
£ 
£ 
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).
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