Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11392810 Mr Jagdev Singh Grewal iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11392810 2023-05-31 11392810 2024-05-31 11392810 2023-06-01 2024-05-31 11392810 frs-core:CurrentFinancialInstruments 2024-05-31 11392810 frs-core:Non-currentFinancialInstruments 2024-05-31 11392810 frs-core:FurnitureFittings 2024-05-31 11392810 frs-core:FurnitureFittings 2023-06-01 2024-05-31 11392810 frs-core:FurnitureFittings 2023-05-31 11392810 frs-core:ShareCapital 2024-05-31 11392810 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11392810 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11392810 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11392810 frs-bus:SmallEntities 2023-06-01 2024-05-31 11392810 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11392810 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11392810 frs-bus:Director1 2023-06-01 2024-05-31 11392810 frs-countries:EnglandWales 2023-06-01 2024-05-31 11392810 2022-05-31 11392810 2023-05-31 11392810 2022-06-01 2023-05-31 11392810 frs-core:CurrentFinancialInstruments 2023-05-31 11392810 frs-core:Non-currentFinancialInstruments 2023-05-31 11392810 frs-core:ShareCapital 2023-05-31 11392810 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11392810
Magical World Ltd
Financial Statements
For The Year Ended 31 May 2024
NSG Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11392810
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,692 1,991
1,692 1,991
CURRENT ASSETS
Stocks 5 10,250 8,000
Debtors 6 2,000 2,000
Cash at bank and in hand 7,060 25,215
19,310 35,215
Creditors: Amounts Falling Due Within One Year 7 (3,164 ) (4,985 )
NET CURRENT ASSETS (LIABILITIES) 16,146 30,230
TOTAL ASSETS LESS CURRENT LIABILITIES 17,838 32,221
Creditors: Amounts Falling Due After More Than One Year 8 (31,005 ) (35,516 )
NET LIABILITIES (13,167 ) (3,295 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (13,168 ) (3,296 )
SHAREHOLDERS' FUNDS (13,167) (3,295)
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jagdev Singh Grewal
Director
10/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Magical World Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11392810 . The registered office is 150 Sundon Park Road, Luton, Bedfordshire, LU3 3AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 1)
- 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 June 2023 4,484
As at 31 May 2024 4,484
Depreciation
As at 1 June 2023 2,493
Provided during the period 299
As at 31 May 2024 2,792
Net Book Value
As at 31 May 2024 1,692
As at 1 June 2023 1,991
5. Stocks
2024 2023
£ £
Stock 10,250 8,000
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,000 2,000
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,230 4,070
Accruals and deferred income 934 915
3,164 4,985
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 31,005 35,516
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4