Magdetect Limited 09055413 true 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is Dormant Digita Accounts Production Advanced 6.30.9574.0 true Mr CA Slade Mr Russell true 09055413 2022-06-01 2023-05-31 09055413 2023-05-31 09055413 bus:Original 2023-05-31 09055413 core:ShareCapital 2023-05-31 09055413 core:CurrentFinancialInstruments 2023-05-31 09055413 bus:FRS102 2022-06-01 2023-05-31 09055413 bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 09055413 bus:FullAccounts 2022-06-01 2023-05-31 09055413 bus:RegisteredOffice 2022-06-01 2023-05-31 09055413 bus:CompanySecretary1 2022-06-01 2023-05-31 09055413 bus:Director1 2022-06-01 2023-05-31 09055413 bus:EntityHasNeverTraded 2022-06-01 2023-05-31 09055413 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 09055413 countries:EnglandWales 2022-06-01 2023-05-31 09055413 2021-06-01 2022-05-31 09055413 2022-05-31 09055413 core:ShareCapital 2022-05-31 09055413 core:CurrentFinancialInstruments 2022-05-31 iso4217:GBP xbrli:pure

Registration number: 09055413

Magdetect Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

Magdetect Limited

Profit and Loss Account for the Year Ended 31 May 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Magdetect Limited

(Registration number: 09055413)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Current assets

 

Debtors

50

50

Capital and reserves

 

Called up share capital

50

50

Shareholders' funds

 

50

50

For the financial 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.

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 21 February 2024
 

.........................................
Mr CA Slade
Director

 

Magdetect Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
20 Riverview Way
Kempston
Bedford
Bedfordshire
MK42 7BB
United Kingdom

These financial statements were authorised for issue by the director on 21 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).