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REGISTERED NUMBER: 09309325 (England and Wales)












MAGNI PROJECTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2022 TO 30 SEPTEMBER 2023






MAGNI PROJECTS LIMITED (REGISTERED NUMBER: 09309325)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2022 TO 30 SEPTEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MAGNI PROJECTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2022 TO 30 SEPTEMBER 2023







DIRECTOR: B H Perkins





SECRETARY: D J Perkins





REGISTERED OFFICE: 55 Blackpool Road
Lytham
Lancashire
FY8 4EJ





REGISTERED NUMBER: 09309325 (England and Wales)





ACCOUNTANTS: Rushtons
Chartered Accountants
Avroe House
Avroe Crescent
Blackpool Business Park
Blackpool
Lancashire
FY4 2DP

MAGNI PROJECTS LIMITED (REGISTERED NUMBER: 09309325)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 302 1,239

CURRENT ASSETS
Debtors 14,270 41,572
Cash at bank 27,177 20,672
41,447 62,244
CREDITORS
Amounts falling due within one year 21,596 43,725
NET CURRENT ASSETS 19,851 18,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,153

19,758

PROVISIONS FOR LIABILITIES 57 235
NET ASSETS 20,096 19,523

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 20,095 19,522
SHAREHOLDERS' FUNDS 20,096 19,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

MAGNI PROJECTS LIMITED (REGISTERED NUMBER: 09309325)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 October 2024 and were signed by:





B H Perkins - Director


MAGNI PROJECTS LIMITED (REGISTERED NUMBER: 09309325)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2022 TO 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Magni Projects Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling (£) and all monetary values are rounded to the nearest pound (£).

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 30 September 2023 4,713
DEPRECIATION
At 1 April 2022 3,474
Charge for period 937
At 30 September 2023 4,411
NET BOOK VALUE
At 30 September 2023 302
At 31 March 2022 1,239

MAGNI PROJECTS LIMITED (REGISTERED NUMBER: 09309325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 30 SEPTEMBER 2023

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 September 2023 and the year ended 31 March 2022:

2023 2022
£    £   
B H Perkins
Balance outstanding at start of period 7,818 (13,033 )
Amounts advanced 77,049 61,251
Amounts repaid (73,000 ) (40,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 11,867 7,818

The advances to the director are repayable on demand and interest free.