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REGISTERED NUMBER: 03970858 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

MaJic Solutions Limited

MaJic Solutions Limited (Registered number: 03970858)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

MaJic Solutions Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M G Smith
Mrs D Smith
R A McCardal





REGISTERED OFFICE: Suite 1
Amersham House
Mill Street
Berkhamsted
Hertfordshire
HP4 2DT





REGISTERED NUMBER: 03970858 (England and Wales)





ACCOUNTANTS: DUX Advisory Limited
Chartered Accountants
Kennel Club House
Gatehouse Way
Aylesbury
Buckinghamshire
HP19 8DB

MaJic Solutions Limited (Registered number: 03970858)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 88,941 105,088

CURRENT ASSETS
Debtors 6 17,273 52,181
Cash at bank and in hand 235,258 178,016
252,531 230,197
CREDITORS
Amounts falling due within one year 7 186,924 176,570
NET CURRENT ASSETS 65,607 53,627
TOTAL ASSETS LESS CURRENT LIABILITIES 154,548 158,715

CREDITORS
Amounts falling due after more than one year 8 (10,834 ) (19,927 )

PROVISIONS FOR LIABILITIES (6,693 ) (11,424 )
NET ASSETS 137,021 127,364

CAPITAL AND RESERVES
Called up share capital 154 154
Share premium 2,646 2,646
Retained earnings 134,221 124,564
SHAREHOLDERS' FUNDS 137,021 127,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MaJic Solutions Limited (Registered number: 03970858)

Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by:





M G Smith - Director


MaJic Solutions Limited (Registered number: 03970858)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

MaJic Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are initially recognised at cost and subsequently measured at cost less accumulated
depreciation and impairment. Where parts of an item of tangible fixed assets have different useful lives, they
are accounted for as a separate item of tangible fixed assets.

Depreciation is provided at the following annual rates in order to write off each asset over its useful estimated life, on a reducing balance basis or, if held under a finance lease, over the lease term, whichever is shorter.


Plant and Machinery - 33% on reducing balance, 25% on reducing balance and 20% on cost
Land and Buildings - 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


MaJic Solutions Limited (Registered number: 03970858)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 86,053 259,531 345,584
Additions - 10,785 10,785
At 30 April 2024 86,053 270,316 356,369
DEPRECIATION
At 1 May 2023 25,816 214,680 240,496
Charge for year 8,605 18,327 26,932
At 30 April 2024 34,421 233,007 267,428
NET BOOK VALUE
At 30 April 2024 51,632 37,309 88,941
At 30 April 2023 60,237 44,851 105,088

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 10,449 43,344
Other debtors 6,824 8,837
17,273 52,181

MaJic Solutions Limited (Registered number: 03970858)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,906
Trade creditors 15,600 12,995
Taxation and social security 69,144 64,729
Other creditors 92,180 87,940
186,924 176,570

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 10,834 19,927

9. SECURED DEBTS

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill, bookdebts, uncalled capital, buildings, fixtures, fixed plant and machinery.

10. RELATED PARTY DISCLOSURES

The Company paid rent during the year totalling £18,000 (2023: £18,000) under a lease for the Company's office premises to the director.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
MaJic Solutions Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MaJic Solutions Limited for the year ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of MaJic Solutions Limited, as a body, in accordance with the terms of our engagement letter dated 8 June 2015. Our work has been undertaken solely to prepare for your approval the financial statements of MaJic Solutions Limited and state those matters that we have agreed to state to the Board of Directors of MaJic Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MaJic Solutions Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MaJic Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MaJic Solutions Limited. You consider that MaJic Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MaJic Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






DUX Advisory Limited
Chartered Accountants
Kennel Club House
Gatehouse Way
Aylesbury
Buckinghamshire
HP19 8DB


Date: .............................................