2023-06-01 10770739 2024-05-31 10770739 2023-06-01 2024-05-31 10770739 2023-05-31 10770739 2022-06-01 2023-05-31 10770739 uk-core:WithinOneYear 2023-05-31 10770739 uk-core:WithinOneYear 2024-05-31 10770739 uk-bus:Director1 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure 10770739 uk-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10770739 uk-bus:Micro-entities 2023-06-01 2024-05-31 10770739 uk-bus:FullAccounts 2023-06-01 2024-05-31 10770739 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31
MAGNA IT SOLUTIONS LIMITED
Registered Number:10770739
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2024
MAGNA IT SOLUTIONS LIMITED
Contents Page
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Statement of Financial Position and Notes to the Accounts
3
10770739
Registered Number :
As at 31 May 2024
MAGNA IT SOLUTIONS LIMITED
Statement of Financial Position and Notes to the Accounts
£
£
2023
2024
£
£
341
426
Fixed assets
158,708
164,861
Current assets
Creditors: amounts falling due
within one year
(92,769)
(74,781)
72,092
83,927
Net current assets
Total assets less current liabilities
84,268
72,518
Accruals and deferred income
(18,000)
(49,487)
66,268
Net assets
23,031
66,268
23,031
Capital and reserves
Notes to the Accounts
Statutory Information
MAGNA IT SOLUTIONS LIMITED is a private limited company, limited by shares, domiciled in England and
Wales, registration number 10770739.
Registered address:
90 Northumberland Road
Harrow
HA2 7RE
The presentation currency is £ sterling.
1. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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10770739
Registered Number :
For the year ended 31 May 2024
MAGNA IT SOLUTIONS LIMITED
Statement of Financial Position and Notes to the Accounts Continued
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
These financial statements have been prepared in accordance with the micro-entities provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
VASUNAG ALLAMRAJU Director
These financial statements were approved and authorised for issue by the Board on 10 February 2025 and were signed by:
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