Acorah Software Products - Accounts Production 15.0.500 false true false 1 December 2022 30 November 2023 30 November 2023 14491717 Mr Anthony POOLON iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14491717 2022-11-30 14491717 2023-11-30 14491717 2022-12-01 2023-11-30 14491717 frs-core:CurrentFinancialInstruments 2023-11-30 14491717 frs-core:ShareCapital 2023-11-30 14491717 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 14491717 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 14491717 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 14491717 frs-bus:SmallEntities 2022-12-01 2023-11-30 14491717 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 14491717 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 14491717 frs-bus:Director1 2022-12-01 2023-11-30 14491717 frs-bus:Director1 2022-11-30 14491717 frs-bus:Director1 2023-11-30 14491717 frs-countries:EnglandWales 2022-12-01 2023-11-30
Registered number: 14491717
Magnific It Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Main Office
Chartered Certified Accountants
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 14491717
2023
Notes £ £
CURRENT ASSETS
Debtors 4 401
Cash at bank and in hand 42
443
Creditors: Amounts Falling Due Within One Year 5 (3,451 )
NET CURRENT ASSETS (LIABILITIES) (3,008 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,008 )
NET LIABILITIES (3,008 )
CAPITAL AND RESERVES
Called up share capital 6 1
Profit and Loss Account (3,009 )
SHAREHOLDERS' FUNDS (3,008)
For the year ending 30 November 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 directors acknowledge their 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.
The financial statements were approved by the board of directors on 17 August 2024 and were signed on its behalf by:
Mr Anthony POOLON
Director
17th August 2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Magnific It Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14491717 . The registered office is 62A PEMBRIDGE VILLAS, NOTTING HILL GATE, LONDON, W11 3ET.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1
1
4. Debtors
2023
£
Due within one year
Other debtors 401
5. Creditors: Amounts Falling Due Within One Year
2023
£
Trade creditors 1
Amounts owed to participating interests 2,750
Other creditors 700
3,451
6. Share Capital
2023
£
Allotted, Called up and fully paid 1
7. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Mr Anthony POOLON - 401 - - 401
The above loan is unsecured, interest free and repayable on demand.
Page 2