Company Registration No. 08689684 (England and Wales)
Magic Hour Generation Limited
Unaudited accounts
for the year ended 30 September 2023
Magic Hour Generation Limited
Unaudited accounts
Contents
Magic Hour Generation Limited
Company Information
for the year ended 30 September 2023
Directors
Mr L Eldred
Mr M Smith
Company Number
08689684 (England and Wales)
Registered Office
PO Box 163
Manchester
Greater Manchester
M26 6DD
United Kingdom
Accountants
3rd Eye Accountax LTD
PO Box 163
Manchester
Greater Manchester
M26 6DD
Magic Hour Generation Limited
Statement of financial position
as at 30 September 2023
Tangible assets
275,079
204,343
Cash at bank and in hand
255,543
510,429
Creditors: amounts falling due within one year
(45,295)
(66,733)
Net current assets
214,443
453,609
Total assets less current liabilities
489,522
657,952
Creditors: amounts falling due after more than one year
(6,283)
(9,354)
Provisions for liabilities
Deferred tax
(52,571)
(52,571)
Net assets
430,668
596,027
Called up share capital
100
100
Profit and loss account
430,568
595,927
Shareholders' funds
430,668
596,027
For the year ending 30 September 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 23 November 2023 and were signed on its behalf by
Mr L Eldred
Director
Company Registration No. 08689684
Magic Hour Generation Limited
Notes to the Accounts
for the year ended 30 September 2023
Magic Hour Generation Limited is a private company, limited by shares, registered in England and Wales, registration number 08689684. The registered office is PO Box 163, Manchester, Greater Manchester, M26 6DD, 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.
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:
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
33% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2022
339,362
22,995
35,149
397,506
Additions
123,897
-
-
123,897
At 30 September 2023
463,259
22,995
35,149
521,403
At 1 October 2022
162,571
10,061
20,531
193,163
Charge for the year
45,103
3,234
4,824
53,161
At 30 September 2023
207,674
13,295
25,355
246,324
At 30 September 2023
255,585
9,700
9,794
275,079
At 30 September 2022
176,791
12,934
14,618
204,343
Amounts falling due after more than one year
Magic Hour Generation Limited
Notes to the Accounts
for the year ended 30 September 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
42,121
39,731
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
6,283
9,354
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).