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Company Registration No. 08161016 (England and Wales)
MOBILE MAGICIAN LIMITED ANNUAL REPORT & UNAUDITED ACCOUNTS for the year ended 29 February 2024
MOBILE MAGICIAN LIMITED ANNUAL REPORT & UNAUDITED ACCOUNTS Contents
Page
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MOBILE MAGICIAN LIMITED Company Information for the year ended 29 February 2024
Director
KHALID HUSSAIN
Company Number
08161016 (England and Wales)
Registered Office
62 YORKSHIRE STREET ROCHDALE OL16 1JP
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MOBILE MAGICIAN LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
135,303 
135,438 
Current assets
Cash at bank and in hand
7,559 
5,835 
Creditors: amounts falling due within one year
(7,858)
(6,717)
Net current liabilities
(299)
(882)
Total assets less current liabilities
135,004 
134,556 
Creditors: amounts falling due after more than one year
(79,436)
(88,243)
Net assets
55,568 
46,313 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
55,468 
46,213 
Shareholders' funds
55,568 
46,313 
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 30 November 2024 and were signed on its behalf by
KHALID HUSSAIN Director Company Registration No. 08161016
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MOBILE MAGICIAN LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
MOBILE MAGICIAN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08161016. The registered office is 62 YORKSHIRE STREET, ROCHDALE, OL16 1JP.
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.
Turnover
Sales represent Invoice value of goods excluding VAT.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10%
Stocks
Stock is Valued at the lower of cost and net realiseable value
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
135,166 
1,352 
136,518 
At 29 February 2024
135,166 
1,352 
136,518 
Depreciation
At 1 March 2023
- 
1,080 
1,080 
Charge for the year
- 
135 
135 
At 29 February 2024
- 
1,215 
1,215 
Net book value
At 29 February 2024
135,166 
137 
135,303 
At 28 February 2023
135,166 
272 
135,438 
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MOBILE MAGICIAN LIMITED Notes to the Accounts for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
4,778 
4,137 
Accruals
3,080 
2,580 
7,858 
6,717 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,263 
18,720 
Loans from directors
64,173 
69,523 
79,436 
88,243 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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