MAGIC BEAM STUDIOS LIMITED

Company Registration Number:
12369120 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

MAGIC BEAM STUDIOS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

MAGIC BEAM STUDIOS LIMITED

Company Information

for the Period Ended 31 December 2022




Director: Addie Joyce
Registered office: Magic Beam Studios
18a Tichborne Street
Brighton
England
BN1 1UR
Company Registration Number: 12369120 (England and Wales)

MAGIC BEAM STUDIOS LIMITED

Directors' Report Period Ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal Activities

Laser engraving services

Political and charitable donations

None

Company policy on the employment of disabled persons

NA

Additional information

NA

Directors

The directors shown below have held office during the whole of the period from 01 January 2022 to 31 December 2022
Addie Joyce

This report was approved by the board of directors on 23 October 2023
And Signed On Behalf Of The Board By:

Name: Addie Joyce
Status: Director

MAGIC BEAM STUDIOS LIMITED

Profit and Loss Account

for the Period Ended 31 December 2022


Notes

2022
£

2021
£
Turnover 62,341 57,777
Cost of sales ( 35,765 ) ( 26,428 )
Gross Profit or (Loss) 26,576 31,349
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 0 ) ( 0 )
Administrative Expenses ( 25,786 ) ( 14,423 )
Other operating income 0 0
Operating Profit or (Loss) 790 16,926
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 792 ) ( 0 )
Profit or (Loss) Before Tax ( 2 ) 16,926
Tax on Profit ( 0 ) ( 3,113 )
Profit or (Loss) for Period ( 2 ) 13,813

The notes form part of these financial statements

MAGIC BEAM STUDIOS LIMITED

Balance sheet

As at 31 December 2022


Notes

2022
£

2021
£
Fixed assets
Tangible assets: 1,160
Total fixed assets: 1,160
Current assets
Stocks: 1,000
Debtors: 4 3,894
Cash at bank and in hand: 10,113
Total current assets: 15,007
Creditors: amounts falling due within one year: 5 ( 5,210 ) ( 10,477 )
Net current assets (liabilities): ( 5,210 ) 4,530
Total assets less current liabilities: ( 5,210 ) 5,690
Total net assets (liabilities): ( 5,210 ) 5,690

The notes form part of these financial statements

MAGIC BEAM STUDIOS LIMITED

Balance sheet continued

As at 31 December 2022


Notes

2022
£

2021
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: ( 5,211 ) 5,689
Shareholders funds: ( 5,210 ) 5,690

For the year ending 31 December 2022 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.

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 23 October 2023
And Signed On Behalf Of The Board By:

Name: Addie Joyce
Status: Director

The notes form part of these financial statements

MAGIC BEAM STUDIOS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 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 BEAM STUDIOS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees


    2022

    2021
    Average number of employees during the period 1 1

MAGIC BEAM STUDIOS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 3. Off balance sheet disclosure

    No

MAGIC BEAM STUDIOS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors


2022
£

2021
£
Trade debtors 3,894
Total 3,894

MAGIC BEAM STUDIOS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5.Creditors: amounts falling due within one year note


2022
£

2021
£
Bank loans and overdrafts 5,210 10,477
Total 5,210 10,477