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Company Registration No. 14316884 (England and Wales)
MAG UTILITIES LIMITED Unaudited accounts for the period from 24 August 2022 to 31 August 2023
MAG UTILITIES LIMITED Unaudited accounts Contents
Page
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MAG UTILITIES LIMITED Company Information for the period from 24 August 2022 to 31 August 2023
Director
Michael Albert Gray
Company Number
14316884 (England and Wales)
Registered Office
5 ROSECROFT PELTON CHESTER LE STREET DH2 1NL ENGLAND
Accountants
Bibby Accounts Limited 2 Station Cottages Shotley Bridge Consett County Durham DH8 0NG
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MAG UTILITIES LIMITED Statement of financial position as at 31 August 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
19,731 
Current assets
Debtors
10,852 
Cash at bank and in hand
4,445 
15,297 
Creditors: amounts falling due within one year
(24,792)
Net current liabilities
(9,495)
Net assets
10,236 
Capital and reserves
Profit and loss account
10,236 
Shareholders' funds
10,236 
For the period ending 31 August 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 22 February 2024 and were signed on its behalf by
Michael Albert Gray Director Company Registration No. 14316884
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MAG UTILITIES LIMITED Notes to the Accounts for the period from 24 August 2022 to 31 August 2023
1
Statutory information
MAG UTILITIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14316884. The registered office is 5 ROSECROFT, PELTON, CHESTER LE STREET, DH2 1NL, ENGLAND.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
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.
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:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 24 August 2022
10,544 
7,000 
2,825 
- 
20,369 
At 31 August 2023
10,544 
7,000 
2,825 
- 
20,369 
Depreciation
At 24 August 2022
- 
490 
- 
- 
490 
Charge for the period
- 
- 
- 
148 
148 
At 31 August 2023
- 
490 
- 
148 
638 
Net book value
At 31 August 2023
10,544 
6,510 
2,825 
(148)
19,731 
5
Debtors
2023 
£ 
Amounts falling due within one year
VAT
574 
Other debtors
10,278 
10,852 
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MAG UTILITIES LIMITED Notes to the Accounts for the period from 24 August 2022 to 31 August 2023
6
Creditors: amounts falling due within one year
2023 
£ 
Taxes and social security
2,284 
Loans from directors
22,508 
24,792 
7
Average number of employees
During the period the average number of employees was 1.
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