Registered number: 11243283 | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2022 | ||||||||
Prepared By: | ||||||||
Hope Jones | ||||||||
Chartered Accountants and Registered Auditors | ||||||||
Dunlop House | ||||||||
23a Spencer Road | ||||||||
New Milton | ||||||||
Hampshire | ||||||||
BH25 6BZ |
MAGIC PICTURES LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2022 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
Mr M. Winter | ||||||||
REGISTERED OFFICE | ||||||||
Hampshire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 11243283 | ||||||||
ACCOUNTANTS | ||||||||
Hope Jones | ||||||||
Chartered Accountants and Registered Auditors | ||||||||
Dunlop House | ||||||||
23a Spencer Road | ||||||||
New Milton | ||||||||
Hampshire | ||||||||
BH25 6BZ |
MAGIC PICTURES LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 DECEMBER 2022 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
MAGIC PICTURES LIMITED | ||||||||
BALANCE SHEET AT | ||||||||||
2022 | 2021 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
40,332 | 8,620 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (38,014) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ( | |||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 6 | |||||||||
NET ASSETS / (LIABILITIES) | ( | |||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Profit and loss account | 291 | (20,413) | ||||||||
SHAREHOLDERS' FUNDS | ( | |||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
MAGIC PICTURES LIMITED | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 DECEMBER 2022 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Commercial Vehicles | reducing balance 25% | |||||||
Equipment | reducing balance 25% |
2. EMPLOYEES | ||||||
2022 | 2021 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
3. TANGIBLE FIXED ASSETS | ||||||
Commercial | ||||||
Vehicles | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 January 2022 | 13,688 | 4,013 | 17,701 | |||
At 31 December 2022 | 13,688 | 4,013 | 17,701 | |||
Depreciation | ||||||
For the year | 3,422 | 1,003 | 4,425 | |||
At 31 December 2022 | 3,422 | 1,003 | 4,425 | |||
Net Book Amounts | ||||||
At 31 December 2022 | 13,276 | |||||
At 31 December 2021 | 17,701 | |||||
MAGIC PICTURES LIMITED | ||||||||
4. DEBTORS | 2022 | 2021 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Directors current account | 30,439 | 8,010 | ||||||
30,439 | 8,010 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
UK corporation tax | 15,576 | 3,457 | ||||||
Bounce back Loan | 33,318 | 40,000 | ||||||
Other creditors | 2,520 | 3,177 | ||||||
51,414 | 46,634 | |||||||
6. PROVISIONS FOR LIABILITIES | 2022 | 2021 | ||||||
£ | £ | |||||||
Deferred taxation | 1,803 | - | ||||||
1,803 | - | |||||||
7. SHARE CAPITAL | 2022 | 2021 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||