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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
Page
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MAGIC DELIVERY EXPERTS LTD Company Information for the year ended 29 February 2024
Director
Vamshi GATTU
Company Number
13233427 (England and Wales)
Registered Office
UNIT 4B FRYERS WORK, ABERCROMBY AVENUE HIGHH WYCOMBE HP12 3BW
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MAGIC DELIVERY EXPERTS LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,221,432 
137,769 
Current assets
Debtors
1,048,641 
319,211 
Cash at bank and in hand
564,351 
249,752 
1,612,992 
568,963 
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 
Capital and reserves
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
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MAGIC DELIVERY EXPERTS LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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
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 
Depreciation
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 
Net book value
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 
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MAGIC DELIVERY EXPERTS LTD Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
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 
1,048,641 
319,211 
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).
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