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Company Registration No. 09089566 (England and Wales)
MAGECOM UK LIMITED Unaudited accounts for the year ended 30 June 2023
MAGECOM UK LIMITED Unaudited accounts Contents
Page
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MAGECOM UK LIMITED Company Information for the year ended 30 June 2023
Director
Viktoriya WILTON
Company Number
09089566 (England and Wales)
Registered Office
Suite 3, Fyfield Business Centre Fyfield Road Chipping Ongar Essex CM5 0GN United Kingdom
Accountants
APNK Limited t/a Albatross Accounting 124 City Road London EC1V 2NX
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MAGECOM UK LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,726 
- 
Current assets
Debtors
397,751 
176,447 
Cash at bank and in hand
611,518 
396,307 
1,009,269 
572,754 
Creditors: amounts falling due within one year
(425,540)
(136,204)
Net current assets
583,729 
436,550 
Net assets
586,455 
436,550 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
586,454 
436,549 
Shareholders' funds
586,455 
436,550 
For the year ending 30 June 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 her 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 29 September 2023 and were signed on its behalf by
Viktoriya WILTON Director Company Registration No. 09089566
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MAGECOM UK LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
MAGECOM UK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09089566. The registered office is Suite 3, Fyfield Business Centre, Fyfield Road, Chipping Ongar, Essex, CM5 0GN, United Kingdom.
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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:
Computer equipment
33%
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MAGECOM UK LIMITED Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2022
- 
Additions
4,069 
At 30 June 2023
4,069 
Depreciation
Charge for the year
1,343 
At 30 June 2023
1,343 
Net book value
At 30 June 2023
2,726 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
392,656 
174,115 
Accrued income and prepayments
5,095 
2,332 
397,751 
176,447 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
321,859 
50,454 
Taxes and social security
102,401 
85,750 
Other creditors
1,280 
- 
425,540 
136,204 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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