2023-04-01 11800220 2024-03-31 11800220 2023-04-01 2024-03-31 11800220 2023-03-31 11800220 2022-04-01 2023-03-31 11800220 uk-core:WithinOneYear 2023-03-31 11800220 uk-core:WithinOneYear 2024-03-31 11800220 uk-core:AfterOneYear 2023-03-31 11800220 uk-core:AfterOneYear 2024-03-31 11800220 uk-core:ShareCapital 2024-03-31 11800220 uk-core:ShareCapital 2023-03-31 11800220 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 11800220 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 11800220 uk-bus:Director1 2023-04-01 2024-03-31 11800220 uk-core:ComputerEquipment 2023-03-31 11800220 uk-core:FurnitureFittings 2023-03-31 11800220 uk-core:ComputerEquipment 2023-04-01 2024-03-31 11800220 uk-core:FurnitureFittings 2023-04-01 2024-03-31 11800220 uk-core:FurnitureFittings 2024-03-31 11800220 uk-core:ComputerEquipment 2024-03-31 iso4217:GBP xbrli:pure 11800220 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11800220 uk-bus:FRS102 2023-04-01 2024-03-31 11800220 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 11800220 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
The People Magic Company Ltd
Registered Number:11800220
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
The People Magic Company Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
11800220
As at 31 March 2024
The People Magic Company Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,708
2,512
2
1,708
2,512
Current assets
Trade and other receivables
(63)
1,662
3
48,018
Cash and cash equivalents
61,771
63,433
47,955
Trade and other payables: amounts falling due within one
year
(17,610)
(13,626)
4
30,345
49,807
Net current assets
Total assets less current liabilities
51,515
32,857
Trade and other payables: amounts falling due after more
than one year
(11,227)
(32,071)
5
19,444
Net assets
21,630
Capital and reserves
Called up share capital
1,200
1,200
Retained earnings
18,244
20,430
19,444
21,630
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Peter Alan Francis Martin Director
These financial statements were approved and authorised for issue by the Board on 21 June 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
The People Magic Company Ltd
Notes to the Financial Statements
Statutory Information
The People Magic Company Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 11800220.
Registered address:
Suite L , KBF House
55 Victoria Road
Burgess Hill
West Sussex
RH15 9LH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
£
£
£
Cost or
valuation
At 01 April 2023
8,205
7,802
403
1,483
1,483
-
Additions
(5,645)
(403)
Disposals
(6,048)
At 31 March 2024
-
3,640
3,640
Provision for depreciation and impairment
At 01 April 2023
5,693
5,291
402
Charge for year
1,213
1,213
-
(4,974)
(4,572)
(402)
On disposal
At 31 March 2024
1,932
1,932
-
At 31 March 2024
Net book value
-
1,708
1,708
At 31 March 2023
1
2,511
2,512
3. Trade and other receivables
2023
2024
£
£
Trade debtors
1,662
180
Other debtors
-
(243)
(63)
1,662
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5
For the year ended 31 March 2024
The People Magic Company Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
26
(1)
Taxation and social security
13,600
17,611
13,626
17,610
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
32,071
11,227
6. Average number of persons employed
During the year the average number of employees was 6 (2023 : 6)
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