IRIS Accounts Production v24.2.0.383 09752491 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097524912023-03-31097524912024-03-31097524912023-04-012024-03-31097524912022-03-31097524912022-04-012023-03-31097524912023-03-3109752491ns15:EnglandWales2023-04-012024-03-3109752491ns14:PoundSterling2023-04-012024-03-3109752491ns10:Director12023-04-012024-03-3109752491ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109752491ns10:SmallEntities2023-04-012024-03-3109752491ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109752491ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109752491ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109752491ns10:FullAccounts2023-04-012024-03-3109752491ns10:OrdinaryShareClass12023-04-012024-03-3109752491ns10:Director22023-04-012024-03-3109752491ns10:RegisteredOffice2023-04-012024-03-3109752491ns5:CurrentFinancialInstruments2024-03-3109752491ns5:CurrentFinancialInstruments2023-03-3109752491ns5:ShareCapital2024-03-3109752491ns5:ShareCapital2023-03-3109752491ns5:RetainedEarningsAccumulatedLosses2024-03-3109752491ns5:RetainedEarningsAccumulatedLosses2023-03-3109752491ns5:PlantMachinery2023-04-012024-03-3109752491ns5:PlantMachinery2023-03-3109752491ns5:PlantMachinery2024-03-3109752491ns5:PlantMachinery2023-03-3109752491ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3109752491ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3109752491ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 09752491 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MAGIC 2 MEDIA LIMITED

MAGIC 2 MEDIA LIMITED (REGISTERED NUMBER: 09752491)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAGIC 2 MEDIA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Ms M Buse
M J Franks





REGISTERED OFFICE: Unit 1, Cambridge House
Camboro Business Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3 0QH





REGISTERED NUMBER: 09752491 (England and Wales)





ACCOUNTANTS: Staffords
Chartered Accountants
Unit 1, Cambridge House
Camboro Business Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3 0QH

MAGIC 2 MEDIA LIMITED (REGISTERED NUMBER: 09752491)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 4,010 4,898
Cash at bank 15,027 19,521
19,037 24,419
CREDITORS
Amounts falling due within one year 6 51,782 55,315
NET CURRENT LIABILITIES (32,745 ) (30,896 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,745

)

(30,896

)

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings (32,755 ) (30,906 )
SHAREHOLDERS' FUNDS (32,745 ) (30,896 )

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





M J Franks - Director


MAGIC 2 MEDIA LIMITED (REGISTERED NUMBER: 09752491)

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


1. STATUTORY INFORMATION

Magic 2 Media 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Production equipment - 25% on cost

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Production
equipment
£   
COST
At 1 April 2023
and 31 March 2024 2,066
DEPRECIATION
At 1 April 2023
and 31 March 2024 2,066
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

MAGIC 2 MEDIA LIMITED (REGISTERED NUMBER: 09752491)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 531 1,112
Directors' loan accounts 86 86
VAT 3,393 3,700
4,010 4,898

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,486 17,486
Other creditors 13,804 17,337
Accruals and deferred income 20,492 20,492
51,782 55,315

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 10

8. RELATED PARTY DISCLOSURES

There were no material related party transactions not considered to have taken place on an arms length basis.