Company registration number:
10760614
Magicalogical Limited
Unaudited filleted financial statements
31 May 2023
Magicalogical Limited
Contents
Directors and other information
Accountant's report
Statement of financial position and notes to the financial statements
Magicalogical Limited
Directors and other information
|
|
|
|
Director |
Mr Stuart Joseph Green |
|
|
|
|
|
|
|
Company number |
10760614 |
|
|
|
|
|
|
|
Registered office |
749 A Ormskirk Road |
|
|
Pemberton |
|
|
Wigan |
|
|
Lancashire |
|
|
WN5 8AT |
|
|
|
|
|
|
|
Business address |
2 St. Michaels Court |
|
|
Swinley |
|
|
wigan |
|
|
Lancashire |
|
|
WN1 2SY |
|
|
|
|
|
|
|
Accountant |
Practical Business Solutions (NW) Limited |
|
|
749 A Ormskirk road |
|
|
Pemberton |
|
|
Wigan |
|
|
Lancashire |
|
|
WN5 8AT |
|
|
|
Magicalogical Limited
Chartered accountant's report to the director on the preparation of the
unaudited statutory financial statements of Magicalogical Limited
Year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Magicalogical Limited for the year ended 31 May 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Magicalogical Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Magicalogical Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Magicalogical Limited and its director as a body for my work or for this report.
It is your duty to ensure that Magicalogical Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Magicalogical Limited. You consider that Magicalogical Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Magicalogical Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Practical Business Solutions (NW) Limited
Chartered Global Management Accountants
749 A Ormskirk road
Pemberton
Wigan
Lancashire
WN5 8AT
21 February 2024
Magicalogical Limited
Statement of financial position
31 May 2023
|
|
|
2023 |
|
|
2022 |
|
|
|
|
£ |
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
11,464 |
|
|
6,215 |
|
|
|
|
_______ |
|
|
_______ |
|
|
|
|
|
|
|
|
Current assets |
|
|
78,883 |
|
|
28,168 |
|
Prepayments and accrued income |
|
|
45,000 |
|
|
51,645 |
|
|
|
|
_______ |
|
|
_______ |
|
|
|
|
|
123,883 |
|
|
79,813 |
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
|
|
|
(
124,223) |
|
|
(
64,235) |
|
|
|
|
_______ |
|
|
_______ |
|
|
|
|
|
|
|
|
Net current (liabilities)/assets |
|
|
|
(
340) |
|
|
15,578 |
|
|
|
|
_______ |
|
|
_______ |
|
|
|
|
|
|
|
|
Total assets less current liabilities |
|
|
|
11,124 |
|
|
21,793 |
|
|
|
|
|
|
|
|
Creditors: amounts falling due after more than one year |
|
|
|
(
6,864) |
|
|
(
19,213) |
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
(
2,178) |
|
|
(
1,181) |
|
|
|
|
|
|
|
|
Accruals and deferred income |
|
|
|
- |
|
|
(
720) |
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
_______ |
Net assets |
|
|
|
2,082 |
|
|
679 |
|
|
|
|
_______ |
|
|
_______ |
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
2,082 |
|
|
679 |
|
|
|
|
_______ |
|
|
_______ |
|
|
|
|
|
|
|
|
Magicalogical Limited
Year ended 31 May 2023
Notes to the financial statements
1.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2022:
6
).
2.
Directors advances, credits and guarantees
|
During the year the director entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the director |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Mr Stuart Joseph Green |
(
376) |
66,719 |
(
53,262) |
13,081 |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
2022 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the director |
Amounts repaid |
Balance o/standing |
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
Mr Stuart Joseph Green |
9,738 |
48,351 |
(
58,465) |
(
376) |
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
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.
Directors responsiblities:
-
The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
21 February 2024
, and are signed on behalf of the board by:
Mr Stuart Joseph Green
Director
Company registration number:
10760614
The company is a private company limited by shares, registered in England & Wales.