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Company Registration No. 09676155 (England and Wales)
MAGA PLAY TRADE LTD Unaudited accounts for the year ended 31 July 2023
MAGA PLAY TRADE LTD Unaudited accounts Contents
Page
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MAGA PLAY TRADE LTD Company Information for the year ended 31 July 2023
Director
Jingou YAN
Company Number
09676155 (England and Wales)
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MAGA PLAY TRADE LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
861,093 
855,243 
Cash at bank and in hand
314,061 
359,216 
1,175,154 
1,214,459 
Creditors: amounts falling due within one year
(92,989)
(183,752)
Net current assets
1,082,165 
1,030,707 
Net assets
1,082,165 
1,030,707 
Capital and reserves
Profit and loss account
1,082,165 
1,030,707 
Shareholders' funds
1,082,165 
1,030,707 
For the year ending 31 July 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 8 April 2024 and were signed on its behalf by
Jingou YAN Director Company Registration No. 09676155
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MAGA PLAY TRADE LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
MAGA PLAY TRADE LTD is a private company, limited by shares, registered in England and Wales, registration number 09676155.
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
These financial statements for the year ended 31 July 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
861,093 
855,243 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
79,328 
176,033 
Taxes and social security
12,507 
5,935 
Accruals
1,154 
1,784 
92,989 
183,752 
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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