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Company Registration No. 09574650 (England and Wales)
MOROCCAN MAGIC LIMITED ANNUAL REPORT AND UNAUDITED ACCOUNTS for the year ended 28 February 2023
MOROCCAN MAGIC LIMITED ANNUAL REPORT AND UNAUDITED ACCOUNTS Contents
Page
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MOROCCAN MAGIC LIMITED Company Information for the year ended 28 February 2023
Director
MOHAMMAD YOUNIS
Company Number
09574650 (England and Wales)
Registered Office
277 MILNROW ROAD ROCHDALE OL16 5AS
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MOROCCAN MAGIC LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,447 
4,941 
Current assets
Inventories
17,123 
20,154 
Debtors
- 
3,000 
Cash at bank and in hand
21,522 
14,643 
38,645 
37,797 
Creditors: amounts falling due within one year
(2,002)
(3,488)
Net current assets
36,643 
34,309 
Total assets less current liabilities
41,090 
39,250 
Creditors: amounts falling due after more than one year
(34,733)
(34,733)
Net assets
6,357 
4,517 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
6,257 
4,417 
Shareholders' funds
6,357 
4,517 
For the year ending 28 February 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 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 26 October 2023 and were signed on its behalf by
MOHAMMAD YOUNIS Director Company Registration No. 09574650
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MOROCCAN MAGIC LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
MOROCCAN MAGIC LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09574650. The registered office is 277 MILNROW ROAD, ROCHDALE, OL16 5AS.
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:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2022
4,941 
At 28 February 2023
4,941 
Depreciation
Charge for the year
494 
At 28 February 2023
494 
Net book value
At 28 February 2023
4,447 
At 28 February 2022
4,941 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
3,000 
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MOROCCAN MAGIC LIMITED Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
501 
2,398 
Taxes and social security
901 
1,090 
Accruals
600 
- 
2,002 
3,488 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
34,733 
34,733 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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