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Company Registration No. 07218268 (England and Wales)
Magic Hatter Entertainments LTD Unaudited accounts for the year ended 31 March 2024
Magic Hatter Entertainments LTD Unaudited accounts Contents
Page
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Magic Hatter Entertainments LTD Company Information for the year ended 31 March 2024
Director
Mr D Wood
Secretary
Mrs B Wood
Company Number
07218268 (England and Wales)
Registered Office
53 THE MEADOWS RICCALL YORK NORTH YORKSHIRE YO19 6RR
Accountants
Woolley & Co - Accountants and Chartered Tax Advisors Crown House, York Road Shiptonthorpe York East Yorkshire YO43 3PF
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Magic Hatter Entertainments LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
937 
1,372 
Current assets
Inventories
6,250 
4,650 
Cash at bank and in hand
1,124 
129 
7,374 
4,779 
Creditors: amounts falling due within one year
(8,237)
(5,075)
Net current liabilities
(863)
(296)
Net assets
74 
1,076 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
72 
1,074 
Shareholders' funds
74 
1,076 
For the year ending 31 March 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 his 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 25 November 2024 and were signed on its behalf by
Mr D Wood Director Company Registration No. 07218268
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Magic Hatter Entertainments LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Magic Hatter Entertainments LTD is a private company, limited by shares, registered in England and Wales, registration number 07218268. The registered office is 53 THE MEADOWS, RICCALL, YORK, NORTH YORKSHIRE, YO19 6RR.
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:
Plant & machinery
33% on a reducing balance
Computer equipment
30% on a reducing balance
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
1,747 
1,850 
3,597 
At 31 March 2024
1,747 
1,850 
3,597 
Depreciation
At 1 April 2023
963 
1,262 
2,225 
Charge for the year
259 
176 
435 
At 31 March 2024
1,222 
1,438 
2,660 
Net book value
At 31 March 2024
525 
412 
937 
At 31 March 2023
784 
588 
1,372 
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Magic Hatter Entertainments LTD Notes to the Accounts for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
3,341 
- 
Loans from directors
4,272 
4,481 
Accruals
624 
594 
8,237 
5,075 
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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