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Company Registration No. 06465987 (England and Wales)
Magenta Scripts Limited Unaudited accounts for the year ended 31 March 2023
Magenta Scripts Limited Unaudited accounts Contents
Page
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Magenta Scripts Limited Company Information for the year ended 31 March 2023
Directors
Stephen Deas Michaela Deas
Secretary
Stephen Deas
Company Number
06465987 (England and Wales)
Registered Office
2A Chequers Road Writtle Chelmsford CM1 3NQ
Accountants
ASTON STEELE Aston House Cotchford Hill, Hartfield Sussex TN7 4HA
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Magenta Scripts Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,647 
17,042 
Current assets
Cash at bank and in hand
29,999 
31,085 
Creditors: amounts falling due within one year
(12,333)
(12,204)
Net current assets
17,666 
18,881 
Total assets less current liabilities
33,313 
35,923 
Provisions for liabilities
Deferred tax
(700)
(500)
Net assets
32,613 
35,423 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
31,613 
34,423 
Shareholders' funds
32,613 
35,423 
For the year ending 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 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 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 of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by
Stephen Deas Director Company Registration No. 06465987
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Magenta Scripts Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Magenta Scripts Limited is a private company, limited by shares, registered in England and Wales, registration number 06465987. The registered office is 2A Chequers Road, Writtle, Chelmsford, CM1 3NQ.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Motor vehicles
20% Straight Line
Computer equipment
20% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Magenta Scripts Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
17,795 
8,100 
25,895 
Additions
4,089 
122 
4,211 
Disposals
- 
(678)
(678)
At 31 March 2023
21,884 
7,544 
29,428 
Depreciation
At 1 April 2022
3,599 
5,254 
8,853 
Charge for the year
4,377 
1,229 
5,606 
On disposals
- 
(678)
(678)
At 31 March 2023
7,976 
5,805 
13,781 
Net book value
At 31 March 2023
13,908 
1,739 
15,647 
At 31 March 2022
14,196 
2,846 
17,042 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,916 
1,132 
Taxes and social security
9,024 
10,024 
Loans from directors
172 
(308)
Accruals
1,221 
1,356 
12,333 
12,204 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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