Registered number: 02868288 | ||||||||
FOR THE YEAR ENDED 31/12/2023 | ||||||||
Prepared By: | ||||||||
K E Cross Ltd. | ||||||||
Accountants | ||||||||
2 | ||||||||
Air Balloon Road | ||||||||
Bristol | ||||||||
BS5 8LA |
Magnus Oxford Ltd. | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
registered in England & Wales, registered number 02868288 | ||||||||
ACCOUNTANTS | ||||||||
K E Cross Ltd. | ||||||||
Accountants | ||||||||
2 | ||||||||
Air Balloon Road | ||||||||
Bristol | ||||||||
BS5 8LA |
Magnus Oxford Ltd. | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/12/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Magnus Oxford Ltd. | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
17,315 | 21,105 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT (LIABILITIES) / ASSETS | ( | 842 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 6,669 | 10,625 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET (LIABILITIES) / ASSETS | ( | |||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | (1,237) | 30 | ||||||||
SHAREHOLDERS' FUNDS | ( | |||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Magnus Oxford Ltd. | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/12/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Commercial Vehicles | reducing balance 25% |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
3. TANGIBLE FIXED ASSETS | ||||||||
Commercial | Fixtures | |||||||
Vehicles | and Fittings | Equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/01/2023 | 23,164 | 220 | 985 | 24,369 | ||||
At 31/12/2023 | 23,164 | 220 | 985 | 24,369 | ||||
Depreciation | ||||||||
At 01/01/2023 | 10,700 | 219 | 984 | 11,903 | ||||
For the year | 3,116 | - | - | 3,116 | ||||
At 31/12/2023 | 13,816 | 219 | 984 | 15,019 | ||||
Net Book Amounts | ||||||||
At 31/12/2023 | 9,350 | |||||||
At 31/12/2022 | 12,466 | |||||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 497 | 1,123 | ||||||
Other debtors | 2 | 2 | ||||||
Directors current account | 8,408 | 9,990 | ||||||
Directors current account | 8,408 | 9,990 | ||||||
17,315 | 21,105 | |||||||
Magnus Oxford Ltd. | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 1,137 | 1,764 | ||||||
NIC control | 3,172 | 2,865 | ||||||
Bank loans and overdrafts | 5,556 | 7,073 | ||||||
Loans | 3,750 | 3,969 | ||||||
Trade creditors | 2 | 2 | ||||||
Other creditors | 1,015 | 1,015 | ||||||
Accruals | 3,825 | 3,575 | ||||||
18,457 | 20,263 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Loans >1yr | 6,669 | 10,625 | ||||||
6,669 | 10,625 | |||||||
7. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 1,776 | 1,653 | ||||||
1,776 | 1,653 | |||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
1000 | 1000 | |||||||
1,000 | 1,000 | |||||||