Magpie Furniture Limited 00785212 true 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Manufacture of office and shop furniture Digita Accounts Production Advanced 6.30.9574.0 true Mr T B Blundell true 00785212 2023-04-01 2024-03-31 00785212 2024-03-31 00785212 bus:Director2 2024-03-31 00785212 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-03-31 00785212 core:RetainedEarningsAccumulatedLosses 2024-03-31 00785212 core:ShareCapital 2024-03-31 00785212 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 00785212 core:Non-currentFinancialInstruments 2024-03-31 00785212 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 00785212 bus:FRS102 2023-04-01 2024-03-31 00785212 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00785212 bus:FullAccounts 2023-04-01 2024-03-31 00785212 bus:RegisteredOffice 2023-04-01 2024-03-31 00785212 bus:Director1 2023-04-01 2024-03-31 00785212 bus:Director2 2023-04-01 2024-03-31 00785212 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-04-01 2024-03-31 00785212 bus:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 00785212 bus:Consolidated 2023-04-01 2024-03-31 00785212 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00785212 countries:UnitedKingdom 2023-04-01 2024-03-31 00785212 2023-03-31 00785212 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-03-31 00785212 core:RetainedEarningsAccumulatedLosses 2023-03-31 00785212 core:ShareCapital 2023-03-31 00785212 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 00785212 core:Non-currentFinancialInstruments 2023-03-31 00785212 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 00785212

Magpie Furniture Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

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Chartered Accountants

 

Magpie Furniture Limited

Director's Report
for the Year Ended 31 March 2024

The director presents his report and the financial statements for the year ended 31 March 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr T B Blundell

Mr A J Smith (ceased 27 July 2023)

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved and authorised by the director on 14 October 2024
 


Mr T B Blundell
Director

 

Magpie Furniture Limited

Profit and Loss Account
for the Year Ended 31 March 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Magpie Furniture Limited

(Registration number: 00785212)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Creditors: Amounts falling due within one year

(100)

(100)

Creditors: Amounts falling due after more than one year

(13,000)

(13,000)

Net liabilities

 

(13,100)

(13,100)

Capital and reserves

 

Called up share capital

3

3,900

3,900

Profit and loss account

(17,000)

(17,000)

Shareholders' deficit

 

(13,100)

(13,100)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 14 October 2024
 


Mr T B Blundell
Director

 

Magpie Furniture Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Albany Road
WEYMOUTH
Dorset
DT4 9TH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

3,900

3,900

3,900

3,900

       
 

Magpie Furniture Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2024

4

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Redeemable preference shares

13,000

13,000