Company Registration No. 11204515 (England and Wales)
Magnolia Home D&m Ltd
Unaudited accounts
for the year ended 29 February 2024
Magnolia Home D&m Ltd
Unaudited accounts
Contents
Magnolia Home D&m Ltd
Company Information
for the year ended 29 February 2024
Directors
SLIZOWSKA MONIKA
SLIZOWSKI DAWID
Company Number
11204515 (England and Wales)
Registered Office
60 Harries Road
Tunbridge Wells
Kent
TN2 3TR
England
Magnolia Home D&m Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
6,692
8,922
Cash at bank and in hand
1,452
1,718
Creditors: amounts falling due within one year
(46,817)
(16,100)
Net current liabilities
(45,365)
(14,382)
Total assets less current liabilities
(38,673)
(5,460)
Creditors: amounts falling due after more than one year
-
(9,000)
Net liabilities
(38,673)
(14,460)
Called up share capital
1
1
Profit and loss account
(38,674)
(14,461)
Shareholders' funds
(38,673)
(14,460)
For the year ending 29 February 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 directors acknowledge their 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 of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by
SLIZOWSKI DAWID
Director
Company Registration No. 11204515
Magnolia Home D&m Ltd
Notes to the Accounts
for the year ended 29 February 2024
Magnolia Home D&m Ltd is a private company, limited by shares, registered in England and Wales, registration number 11204515. The registered office is 60 Harries Road, Tunbridge Wells, Kent, TN2 3TR, 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
At 29 February 2024
16,054
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,251
4,000
Loans from directors
37,508
6,081
Magnolia Home D&m Ltd
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).