Magic Moments (Kempsey) Limited |
Registered Number:13302794 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2023
Magic Moments (Kempsey) Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Magic Moments (Kempsey) Limited
Statement of Financial Position
2022
2023
27,067
36,090
2
Property, plant and equipment |
20,797
11,765
3
47,864
47,855
54,460
Cash and cash equivalents |
91,562
91,562
54,460
Trade and other payables: amounts falling due within one year |
(53,202)
(62,766)
4
1,258
28,796
Net current assets
Total assets less current liabilities |
76,660
49,113
Trade and other payables: amounts falling due after more than |
one year |
(33,675)
(25,910)
5
50,750
Net assets
15,438
100
100
50,650
15,338
50,750
15,438
Shareholders' funds
For the year ended 31 March 2023 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 19 October 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
Magic Moments (Kempsey) Limited
Notes to the Financial Statements
Statutory Information
Magic Moments (Kempsey) Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 13302794. |
Principal place of business: |
6 Adelaide Close
Kempsey
Worcestershire
WR5 3SB
40 High Street
Pershore
Worcestershire
United Kingdom
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. |
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain |
assets. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of 5 years. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
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For the year ended 31 March 2023
Magic Moments (Kempsey) Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
45,112
45,112
9,022
9,023
Charge for year
18,045
27,067
36,090
3. Property, plant and equipment |
Motor Vehicles
14,707
1,161
2,478
11,068
16,579
140
7,200
9,239
-
(1,352)
-
(1,352)
20,307
8,326
1,301
29,934
Provision for depreciation and impairment |
2,942
232
496
2,214
Charge for year
6,465
214
1,890
4,361
(270)
-
(270)
-
9,137
446
2,116
6,575
13,732
6,210
855
20,797
8,854
1,982
929
11,765
4. Trade and other payables: amounts falling due within one year |
2022
2023
2,603
3,629
Taxation and social security |
24,861
26,324
35,302
23,249
62,766
53,202
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For the year ended 31 March 2023
Magic Moments (Kempsey) Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
25,910
33,675
6. Average number of persons employed |
During the year the average number of employees was 36.
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