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Company Registration No. 08544192 (England and Wales)
MAG-TRONICS LTD Unaudited accounts for the year ended 31 May 2023
MAG-TRONICS LTD Unaudited accounts Contents
Page
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MAG-TRONICS LTD Company Information for the year ended 31 May 2023
Director
ATTILA BUTOR
Company Number
08544192 (England and Wales)
Registered Office
77 HIGH STREET LITTLEHAMPTON BN17 5AG ENGLAND
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MAG-TRONICS LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
100 
100 
Creditors: amounts falling due within one year
(1,541)
(947)
Net current liabilities
(1,441)
(847)
Net liabilities
(1,441)
(847)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(2,441)
(1,847)
Shareholders' funds
(1,441)
(847)
For the year ending 31 May 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
ATTILA BUTOR Director Company Registration No. 08544192
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MAG-TRONICS LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
MAG-TRONICS LTD is a private company, limited by shares, registered in England and Wales, registration number 08544192. The registered office is 77 HIGH STREET, LITTLEHAMPTON, BN17 5AG, 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 remained unchanged from the previous year, and also 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.
4
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
14 
14 
Loans from directors
1,527 
933 
1,541 
947 
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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