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Company Registration No. 11443792 (England and Wales)
MAGIC FINISH LIMITED Unaudited accounts for the year ended 31 July 2023
MAGIC FINISH LIMITED Unaudited accounts Contents
Page
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MAGIC FINISH LIMITED Company Information for the year ended 31 July 2023
Director
Mr EugenZAVOIANU
Company Number
11443792 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
Accountants
Baltic Accountancy Services Limited Suite 13 218 Tollgate Road London E6 5YA
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MAGIC FINISH LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,699 
6,611 
Current assets
Debtors
460,328 
195,200 
Cash at bank and in hand
17,640 
131,807 
477,968 
327,007 
Creditors: amounts falling due within one year
(55,182)
(1,966)
Net current assets
422,786 
325,041 
Total assets less current liabilities
431,485 
331,652 
Creditors: amounts falling due after more than one year
(91,227)
(149,067)
Net assets
340,258 
182,585 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
340,257 
182,584 
Shareholders' funds
340,258 
182,585 
For the year ending 31 July 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 30 July 2024 and were signed on its behalf by
Mr EugenZAVOIANU Director Company Registration No. 11443792
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MAGIC FINISH LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
MAGIC FINISH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11443792. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, 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.
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:
Motor vehicles
Depreciation is calculated at 25% on a straight line basis
Computer equipment
Depreciation is calculated at 25% on a straight line basis
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 1 August 2022
- 
9,500 
- 
2,814 
12,314 
Additions
1,527 
- 
1,790 
2,714 
6,031 
At 31 July 2023
1,527 
9,500 
1,790 
5,528 
18,345 
Depreciation
At 1 August 2022
- 
4,750 
- 
953 
5,703 
Charge for the year
301 
2,375 
187 
1,080 
3,943 
At 31 July 2023
301 
7,125 
187 
2,033 
9,646 
Net book value
At 31 July 2023
1,226 
2,375 
1,603 
3,495 
8,699 
At 31 July 2022
- 
4,750 
- 
1,861 
6,611 
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MAGIC FINISH LIMITED Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
394 
Trade debtors
409,009 
126,706 
Other debtors
- 
65,600 
409,009 
192,700 
Amounts falling due after more than one year
Other debtors
51,319 
2,500 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,119 
- 
Trade creditors
(3,859)
(22,682)
Taxes and social security
55,362 
23,088 
Other creditors
2,560 
1,560 
55,182 
1,966 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
29,783 
40,711 
Taxes and social security
61,444 
38,356 
Loans from directors
- 
70,000 
91,227 
149,067 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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