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REGISTERED NUMBER: 13769784 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

MAG INGREDIENTS LIMITED

MAG INGREDIENTS LIMITED (REGISTERED NUMBER: 13769784)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MAG INGREDIENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: G R Asman
A F Phillips





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
London
N3 2SZ





REGISTERED NUMBER: 13769784 (England and Wales)





ACCOUNTANTS: Fusion Consulting Ltd
Marlborough House
298 Regents Park Road
London
N3 2SZ

MAG INGREDIENTS LIMITED (REGISTERED NUMBER: 13769784)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £   
CURRENT ASSETS
Debtors 4 4,338 4,338
Cash at bank 2,904 2,904
7,242 7,242
CREDITORS
Amounts falling due within one year 5 1,680 1,680
NET CURRENT ASSETS 5,562 5,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,562

5,562

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 5,561 5,561
5,562 5,562

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2025 and were signed on its behalf by:





G R Asman - Director


MAG INGREDIENTS LIMITED (REGISTERED NUMBER: 13769784)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

MAG Ingredients 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. ACCOUNTING POLICIES

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 4,338 4,338

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other creditors 1,680 1,680

6. RELATED PARTY DISCLOSURES

Included in Other Debtors is £4,338 (2023: £4,338) due from a company related to one of the directors.

7. TAXATION

The company has carried forward losses of £2,137 that can be offset against future taxable profits.