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Registered Number: 13504253
England and Wales

 

 

 

MAGNA FIVE LTD


Abridged Accounts
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
  2023   2022
    £ £   £ £
Current assets 224,096      224,913   
Creditors: amount falling due within one year (267,914)     (240,081)  
Net current liabilities   (43,818)     (15,168)
Total assets less current liabilities   (43,818)     (15,168)
Creditors: amount falling due after more than one year   (38,500)    
Net liabilities   (82,318)     (15,168)
 

         
Capital and reserves   (82,318)     (15,168)
 
NOTES TO THE ACCOUNTS

General Information
Magna Five Ltd is a private company, limited by shares, registered in England and Wales, registration number 13504253, registration address Windsor House, 9-15 Adelaide Street, Luton, LU1 5BJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 08 March 2024 and were signed on its behalf by:


--------------------------------
Eesa Zafer Ali
Director
1