Company Registration No. 09089566 (England and Wales)
MAGECOM UK LIMITED
Unaudited accounts
for the year ended 30 June 2024
MAGECOM UK LIMITED
Unaudited accounts
Contents
MAGECOM UK LIMITED
Company Information
for the year ended 30 June 2024
Company Number
09089566 (England and Wales)
Registered Office
Suite 3 Fyfield Business Centre
Fyfield Road
Chipping Ongar
CM5 0GN
United Kingdom
Accountants
APNK Limited t/a Albatross Accounting
124 City Road
London
EC1V 2NX
MAGECOM UK LIMITED
Statement of financial position
as at 30 June 2024
Tangible assets
1,383
2,726
Cash at bank and in hand
748,879
611,518
Creditors: amounts falling due within one year
(382,791)
(425,540)
Net current assets
624,904
583,729
Net assets
626,287
586,455
Called up share capital
1
1
Profit and loss account
626,286
586,454
Shareholders' funds
626,287
586,455
For the year ending 30 June 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 her 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 11 October 2024 and were signed on its behalf by
Viktoriya WILTON
Director
Company Registration No. 09089566
MAGECOM UK LIMITED
Notes to the Accounts
for the year ended 30 June 2024
MAGECOM UK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09089566. The registered office is Suite 3 Fyfield Business Centre, Fyfield Road, Chipping Ongar, CM5 0GN, United Kingdom.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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:
MAGECOM UK LIMITED
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
249,328
392,656
Accrued income and prepayments
9,488
5,095
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
322,853
321,859
Taxes and social security
59,938
102,401
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).