Company Registration No. 13395295 (England and Wales)
MAGNA SPECTRUM LTD
Unaudited accounts
for the year ended 31 May 2024
MAGNA SPECTRUM LTD
Unaudited accounts
Contents
MAGNA SPECTRUM LTD
Company Information
for the year ended 31 May 2024
Company Number
13395295 (England and Wales)
Registered Office
123 ALBERT ROAD
WELLINGBOROUGH
NN8 1EN
ENGLAND
Accountants
TAX & SERVICES LIMITED
Business Park (Store First)
Brindley Close
Rushden
NN10 6EN
MAGNA SPECTRUM LTD
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
2,349
2,349
Creditors: amounts falling due within one year
(7,281)
(7,281)
Net current liabilities
(4,871)
(4,871)
Net liabilities
(4,461)
(4,461)
Called up share capital
1
1
Profit and loss account
(4,462)
(4,462)
Shareholders' funds
(4,461)
(4,461)
For the year ending 31 May 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 12 November 2024 and were signed on its behalf by
Antonia Cojan
Director
Company Registration No. 13395295
MAGNA SPECTRUM LTD
Notes to the Accounts
for the year ended 31 May 2024
MAGNA SPECTRUM LTD is a private company, limited by shares, registered in England and Wales, registration number 13395295. The registered office is 123 ALBERT ROAD, WELLINGBOROUGH, NN8 1EN, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Accrued income and prepayments
61
61
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,281
7,281
MAGNA SPECTRUM LTD
Notes to the Accounts
for the year ended 31 May 2024
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).