Company Registration No. 10037617 (England and Wales)
MAGOWANS (LONDON) LIMITED
Unaudited accounts
for the year ended 31 March 2023
MAGOWANS (LONDON) LIMITED
Unaudited accounts
Contents
MAGOWANS (LONDON) LIMITED
Company Information
for the year ended 31 March 2023
Directors
Mr C J Magowan
Mrs G R Magowan
Company Number
10037617 (England and Wales)
Registered Office
Suite 5, 4 Old Lodge Place
St Margarets Road
Twickenham
London
TW1 3RQ
England
Accountants
GIA Foley & Co Ltd
West Clayton Business Centre
Berry Lane
Chorleywood
Hertfordshire
WD3 5EX
MAGOWANS (LONDON) LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
2,801
5,660
Cash at bank and in hand
20,360
62,133
Creditors: amounts falling due within one year
(44,405)
(64,682)
Net current assets
19,978
38,050
Total assets less current liabilities
22,779
43,710
Creditors: amounts falling due after more than one year
(22,435)
(32,387)
Called up share capital
100
100
Profit and loss account
244
11,223
Shareholders' funds
344
11,323
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 27 September 2023 and were signed on its behalf by
Mr C J Magowan
Director
Company Registration No. 10037617
MAGOWANS (LONDON) LIMITED
Notes to the Accounts
for the year ended 31 March 2023
MAGOWANS (LONDON) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10037617. The registered office is Suite 5, 4 Old Lodge Place, St Margarets Road, Twickenham, London, TW1 3RQ, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
25% straight line
Fixtures & fittings
33% straight line
Computer equipment
33% straight line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
9,409
10,625
3,725
23,759
At 31 March 2023
9,409
10,625
3,725
23,759
At 1 April 2022
4,414
9,662
4,023
18,099
Charge for the year
2,352
963
(456)
2,859
At 31 March 2023
6,766
10,625
3,567
20,958
At 31 March 2023
2,643
-
158
2,801
At 31 March 2022
4,995
963
(298)
5,660
MAGOWANS (LONDON) LIMITED
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
25,038
36,138
Accrued income and prepayments
2,026
2,963
Other debtors
15,891
1,498
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,954
9,707
Trade creditors
17,039
14,252
Taxes and social security
15,072
22,575
Loans from directors
-
163
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).