Company Registration No. 13233427 (England and Wales)
MAGIC DELIVERY EXPERTS LTD
Unaudited accounts
for the year ended 29 February 2024
MAGIC DELIVERY EXPERTS LTD
Unaudited accounts
Contents
MAGIC DELIVERY EXPERTS LTD
Company Information
for the year ended 29 February 2024
Company Number
13233427 (England and Wales)
Registered Office
UNIT 4B
FRYERS WORK, ABERCROMBY AVENUE
HIGHH WYCOMBE
HP12 3BW
MAGIC DELIVERY EXPERTS LTD
Statement of financial position
as at 29 February 2024
Tangible assets
1,221,432
137,769
Cash at bank and in hand
564,351
249,752
Creditors: amounts falling due within one year
(380,687)
(108,103)
Net current assets
1,232,305
460,860
Net assets
2,453,737
598,629
Called up share capital
1
1
Profit and loss account
2,453,736
598,628
Shareholders' funds
2,453,737
598,629
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 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 2 December 2024 and were signed on its behalf by
Vamshi GATTU
Director
Company Registration No. 13233427
MAGIC DELIVERY EXPERTS LTD
Notes to the Accounts
for the year ended 29 February 2024
MAGIC DELIVERY EXPERTS LTD is a private company, limited by shares, registered in England and Wales, registration number 13233427. The registered office is UNIT 4B, FRYERS WORK, ABERCROMBY AVENUE, HIGHH WYCOMBE, HP12 3BW.
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:
Plant & machinery
Straight line-15%
Motor vehicles
Straight line-15%
Fixtures & fittings
Straight line-10%
Computer equipment
Straight line-20%
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2023
-
158,662
8,866
4,682
172,210
Additions
502,237
793,310
7,092
2,106
1,304,745
At 29 February 2024
502,237
951,972
15,958
6,788
1,476,955
At 1 March 2023
-
31,732
1,773
936
34,441
Charge for the year
75,335
142,795
1,595
1,357
221,082
At 29 February 2024
75,335
174,527
3,368
2,293
255,523
At 29 February 2024
426,902
777,445
12,590
4,495
1,221,432
At 28 February 2023
-
126,930
7,093
3,746
137,769
MAGIC DELIVERY EXPERTS LTD
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
818,659
206,220
Accrued income and prepayments
100,400
48,200
Other debtors
129,582
64,791
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
380,687
108,103
7
Average number of employees
During the year the average number of employees was 25 (2023: 13).