REGISTERED NUMBER: |
Magnet Contracts Limited |
Unaudited Financial Statements |
for the Year Ended 31 May 2023 |
REGISTERED NUMBER: |
Magnet Contracts Limited |
Unaudited Financial Statements |
for the Year Ended 31 May 2023 |
Magnet Contracts Limited (Registered number: 04429756) |
Contents of the Financial Statements |
for the Year Ended 31 May 2023 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 4 |
Magnet Contracts Limited |
Company Information |
for the Year Ended 31 May 2023 |
Director: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
Mynshull House |
78 Churchgate |
Stockport |
Cheshire |
SK1 1YJ |
Magnet Contracts Limited (Registered number: 04429756) |
Balance Sheet |
31 May 2023 |
31.5.23 | 31.5.22 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Debtors | 5 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 7 |
Retained earnings |
Shareholders' funds |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Magnet Contracts Limited (Registered number: 04429756) |
Balance Sheet - continued |
31 May 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Magnet Contracts Limited (Registered number: 04429756) |
Notes to the Financial Statements |
for the Year Ended 31 May 2023 |
1. | Statutory information |
Magnet Contracts Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Pension costs and other post-retirement benefits |
The company does not operate a company pension scheme but makes contributions to a personal pension scheme of the director. Contributions payable for the year are charged in the profit and loss account. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
Cost |
At 1 June 2022 |
and 31 May 2023 |
Depreciation |
At 1 June 2022 |
Charge for year |
At 31 May 2023 |
Net book value |
At 31 May 2023 |
At 31 May 2022 |
Magnet Contracts Limited (Registered number: 04429756) |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2023 |
5. | Debtors: amounts falling due within one year |
31.5.23 | 31.5.22 |
£ | £ |
Trade debtors |
Accrued income |
Prepayments |
6. | Creditors: amounts falling due within one year |
31.5.23 | 31.5.22 |
£ | £ |
Corporation tax |
Social security and other taxes |
VAT | 3,457 | 2,394 |
Directors' current accounts | 412 | 223 |
Accrued expenses |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.5.23 | 31.5.22 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |