Magna Secretaries Ltd Filleted Accounts Cover
Magna Secretaries Ltd
Company No. 04456693
Information for Filing with The Registrar
31 August 2023
Magna Secretaries Ltd Balance Sheet Registrar
at
31 August 2023
Company No.
04456693
Notes
2023
2022
£
£
Current assets
Debtors
4
100100
100100
Net current assets
100100
Total assets less current liabilities
100100
Net assets
100100
Capital and reserves
Called up share capital
100100
Total equity
100100
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 August 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 August 2023
And signed on its behalf by:
S.H.G. Born
Director
27 October 2023
Magna Secretaries Ltd Notes to the Accounts Registrar
for the year ended 31 August 2023
1
General information
Magna Secretaries Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 04456693
Its registered office is:
Born & Co.
1st Floor, Devonshire House
1 Mayfair Place
London
W1J 8AJ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Debtors
2023
2022
£
£
Other debtors
100100
100100
5
Share Capital
Share capital comprises 100 £1 ordinary shares allocated, called up and fully paid.
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