1 February 2023 false No description of principal activity Taxfiler 2024.6 true 09389291business:PrivateLimitedCompanyLtd2023-02-012024-01-31 093892912023-01-31 093892912023-02-012024-01-31 09389291business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 09389291business:FilletedAccounts2023-02-012024-01-31 093892912024-01-31 09389291business:Director12023-02-012024-01-31 093892912023-01-31 09389291core:WithinOneYear2024-01-31 09389291core:WithinOneYear2023-01-31 09389291core:AfterOneYear2024-01-31 09389291core:AfterOneYear2023-01-31 09389291core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 09389291core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 09389291core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 09389291core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 09389291core:PreviouslyStatedAmount2024-01-31 09389291core:PreviouslyStatedAmount2023-01-31 09389291business:SmallEntities2023-02-012024-01-31 09389291countries:EnglandWales2023-02-012024-01-31 09389291core:ComputerEquipment2023-02-012024-01-31 09389291core:PlantMachinery2023-01-31 09389291core:ComputerEquipment2023-01-31 09389291core:PlantMachinery2024-01-31 09389291core:ComputerEquipment2024-01-31 093892912022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 09389291 (England and Wales)
Magenta Change Limited Unaudited accounts for the year ended 31 January 2024
Magenta Change Limited Unaudited accounts Contents
Page
- 2 -
Magenta Change Limited Company Information for the year ended 31 January 2024
Director
Susan Revell
Company Number
09389291 (England and Wales)
Accountants
Nicola Shefferd AFA MIPA N S Accounts & Business Ltd 7 Banc yr Afon Gwaelod y Garth Cardiff CF15 9TU
- 3 -
Magenta Change Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
456 
456 
Current assets
Debtors
352 
- 
Cash at bank and in hand
570 
889 
922 
889 
Creditors: amounts falling due within one year
(28,701)
(19,771)
Net current liabilities
(27,779)
(18,882)
Total assets less current liabilities
(27,323)
(18,426)
Creditors: amounts falling due after more than one year
(3,232)
(3,883)
Net liabilities
(30,555)
(22,309)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(30,556)
(22,310)
Shareholders' funds
(30,555)
(22,309)
For the year ending 31 January 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 September 2024 and were signed on its behalf by
Susan Revell Director Company Registration No. 09389291
- 4 -
Magenta Change Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Magenta Change Limited is a private company, limited by shares, registered in England and Wales, registration number 09389291.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight line
Going concern
The directors have considered carefully the appropriateness of adopting the going concern basis of preparation for these accounts, particularly in the light of the effect of the Covid-19 pandemic. During the year to January 2022 the company has been focusing on training and improving the income streams. Therefore, in recognition of the foregoing, the directors are satisfied that it continues to be appropriate to adopt the going-concern presumption in preparing these accounts.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
9 
1,093 
1,102 
At 31 January 2024
9 
1,093 
1,102 
Depreciation
At 1 February 2023
9 
637 
646 
At 31 January 2024
9 
637 
646 
Net book value
At 31 January 2024
- 
456 
456 
At 31 January 2023
- 
456 
456 
- 5 -
Magenta Change Limited Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
352 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
35 
- 
Other creditors
674 
411 
Loans from directors
27,992 
19,360 
28,701 
19,771 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,232 
3,883 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -