Company Registration No. 04969201 (England and Wales)
Magna Project Services Limited
Unaudited accounts
for the period from 1 April 2022 to 30 September 2023
Magna Project Services Limited
Unaudited accounts
Contents
Magna Project Services Limited
Company Information
for the period from 1 April 2022 to 30 September 2023
Company Number
04969201 (England and Wales)
Registered Office
Unit 1, Chew Court Farm
Chew Magna
Bristol
BS40 8SF
Accountants
A K Tax Consultant Limited
18 Oakwood Road
Henleaze
Bristol
BS9 4NR
Magna Project Services Limited
Statement of financial position
as at 30 September 2023
Cash at bank and in hand
13,620
3,500
Creditors: amounts falling due within one year
(13,609)
(8,751)
Net current assets/(liabilities)
11
(1,100)
Called up share capital
2
2
Profit and loss account
9
131
Shareholders' funds
11
133
For the period 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 director acknowledges his 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 30 December 2023 and were signed on its behalf by
A R Jordan
Director
Company Registration No. 04969201
Magna Project Services Limited
Notes to the Accounts
for the period from 1 April 2022 to 30 September 2023
Magna Project Services Limited is a private company, limited by shares, registered in England and Wales, registration number 04969201. The registered office is Unit 1, Chew Court Farm, Chew Magna, Bristol, BS40 8SF. The company is in the process of being wound up.
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 period, 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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Fixtures & fittings
20% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
7,333
1,303
5,600
14,236
Additions
2,068
-
637
2,705
Disposals
(9,401)
(1,303)
(6,237)
(16,941)
At 30 September 2023
-
-
-
-
At 1 April 2022
6,160
1,303
5,540
13,003
On disposals
(6,160)
(1,303)
(5,540)
(13,003)
At 30 September 2023
-
-
-
-
At 30 September 2023
-
-
-
-
At 31 March 2022
1,173
-
60
1,233
Magna Project Services Limited
Notes to the Accounts
for the period from 1 April 2022 to 30 September 2023
Amounts falling due within one year
Accrued income and prepayments
-
985
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,335
-
Proposed dividends
6,760
-
Loans from directors
14
447
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the period the average number of employees was 1 (2022: 1).