Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 09581894 Mr Malcolm Gale iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09581894 2022-10-31 09581894 2023-10-31 09581894 2022-11-01 2023-10-31 09581894 frs-core:CurrentFinancialInstruments 2023-10-31 09581894 frs-core:Non-currentFinancialInstruments 2023-10-31 09581894 frs-core:ComputerEquipment 2023-10-31 09581894 frs-core:ComputerEquipment 2022-11-01 2023-10-31 09581894 frs-core:ComputerEquipment 2022-10-31 09581894 frs-core:ShareCapital 2023-10-31 09581894 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 09581894 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09581894 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 09581894 frs-bus:SmallEntities 2022-11-01 2023-10-31 09581894 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09581894 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 09581894 frs-bus:Director1 2022-11-01 2023-10-31 09581894 frs-countries:EnglandWales 2022-11-01 2023-10-31 09581894 2021-10-31 09581894 2022-10-31 09581894 2021-11-01 2022-10-31 09581894 frs-core:CurrentFinancialInstruments 2022-10-31 09581894 frs-core:Non-currentFinancialInstruments 2022-10-31 09581894 frs-core:ShareCapital 2022-10-31 09581894 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 09581894
Magcell Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Landsborough Accounting Services Ltd
Abbots Cottage
Abbots Way
Guildford
Surrey
GU1 2XP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09581894
2023 2022
Notes £ £ £ £
FIXED ASSETS
Creditors: Amounts Falling Due Within One Year 5 (5,759 ) (5,569 )
NET CURRENT ASSETS (LIABILITIES) (5,759 ) (5,569 )
TOTAL ASSETS LESS CURRENT LIABILITIES (5,759 ) (5,569 )
Creditors: Amounts Falling Due After More Than One Year 6 (636 ) (636 )
NET LIABILITIES (6,395 ) (6,205 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (6,495 ) (6,305 )
SHAREHOLDERS' FUNDS (6,395) (6,205)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Malcolm Gale
Director
31/07/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Magcell Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09581894 . The registered office is Abbots Cottage, Abbots Way, Guildford, Surrey, GU1 2XP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% Straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2022 477
As at 31 October 2023 477
Depreciation
As at 1 November 2022 477
As at 31 October 2023 477
Net Book Value
As at 31 October 2023 -
As at 1 November 2022 -
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors (1 ) (1 )
Bank loans and overdrafts 12 12
Director's loan account 5,748 5,558
5,759 5,569
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Corporation tax 636 636
Page 2
Page 3
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 3