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REGISTERED NUMBER: 06459863 (England and Wales)














MAGICAL MARKING (HOLDINGS) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






MAGICAL MARKING (HOLDINGS) LIMITED (REGISTERED NUMBER: 06459863)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAGICAL MARKING (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A W Phillis
I A Phillis
J E Phillis





REGISTERED OFFICE: Glenewes House
Gate Way Drive
Yeadon
Leeds
West Yorkshire
LS19 7XY





BUSINESS ADDRESS: The Old Barn
Roall Lane
Kellington
Near Goole
North Yorkshire
DN14 0NA





REGISTERED NUMBER: 06459863 (England and Wales)





ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

MAGICAL MARKING (HOLDINGS) LIMITED (REGISTERED NUMBER: 06459863)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 227,917 228,096

CURRENT ASSETS
Debtors 5 1,529 1,348
Cash at bank 34,060 20,030
35,589 21,378
CREDITORS
Amounts falling due within one year 6 164,872 171,915
NET CURRENT LIABILITIES (129,283 ) (150,537 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,634

77,559

CREDITORS
Amounts falling due after more than one
year

7

(32,000

)

(32,000

)

PROVISIONS FOR LIABILITIES (383 ) (37 )
NET ASSETS 66,251 45,522

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 66,151 45,422
SHAREHOLDERS' FUNDS 66,251 45,522

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 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.

MAGICAL MARKING (HOLDINGS) LIMITED (REGISTERED NUMBER: 06459863)

BALANCE SHEET - continued
31 MARCH 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:





A W Phillis - Director


MAGICAL MARKING (HOLDINGS) LIMITED (REGISTERED NUMBER: 06459863)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Magical Marking (Holdings) 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.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest pound (£).

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.

Turnover
Turnover represents amounts receivable for services supplied during the period net of VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost less residual value

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors and trade creditors.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

MAGICAL MARKING (HOLDINGS) LIMITED (REGISTERED NUMBER: 06459863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 300,000 1,269 301,269
Additions - 1,270 1,270
At 31 March 2024 300,000 2,539 302,539
DEPRECIATION
At 1 April 2023 73,100 73 73,173
Charge for year 1,000 449 1,449
At 31 March 2024 74,100 522 74,622
NET BOOK VALUE
At 31 March 2024 225,900 2,017 227,917
At 31 March 2023 226,900 1,196 228,096

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,529 1,348

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 7,884 7,387
Other creditors 156,988 164,528
164,872 171,915

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 32,000 32,000