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Magbhars Limited
Registered Number:09365195
For the year ended 30 April 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2023
Magbhars Limited
Contents Page
1
Statement of Financial Position
2
Notes to the Financial Statements
3
Registered Number :
09365195
As at 30 April 2023
Magbhars Limited
Abridged Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
2
Property, plant and equipment
4,907
5,476
4,907
5,476
Current assets
Trade and other receivables
280
2,216
12,732
Cash and cash equivalents
22,997
25,213
13,012
Trade and other payables: amounts falling due within one year
(6,873)
(7,488)
6,139
17,725
Net current assets
Total assets less current liabilities
22,632
11,615
22,632
Net assets
11,615
Capital and reserves
Called up share capital
100
100
Retained earnings
22,532
11,515
22,632
11,615
Shareholders' funds
For the year ended 30 April 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 of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
All the members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year ended 30 April 2023 in accordance with Section 444 (2A) of the Companies Act 2006.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Dr T Magadevan Director
These financial statements were approved and authorised for issue by the Board on 04 January 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 April 2023
Magbhars Limited
Notes to the Financial Statements
Statutory Information
Magbhars Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 09365195.
Registered address:
Trinity Chambers
8 Suez Street
Warrington
Cheshire
WA1 1EG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2. Fixed assets
Property, plant
and equipment
£
Cost or valuation
At 01 May 2022
8,524
Additions
658
At 30 April 2023
9,182
Provision for depreciation, amortisation
and impairment
At 01 May 2022
3,048
1,227
Charge for year
At 30 April 2023
4,275
Net book value
At 30 April 2023
4,907
At 30 April 2022
5,476
3. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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