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REGISTERED NUMBER: 11857994 (England and Wales)


Magden Marketing Ltd

Abridged Unaudited Financial Statements

for the Year Ended 31 May 2024






Magden Marketing Ltd (Registered number: 11857994)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Magden Marketing Ltd

Company Information
for the year ended 31 May 2024







DIRECTOR: Miss M Magden





REGISTERED OFFICE: 7 Cleland House
32 John Islip Street
London
SW1P 4FF





REGISTERED NUMBER: 11857994 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Magden Marketing Ltd

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director 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 Magden Marketing Ltd for the year ended 31 May 2024 which comprise the Abridged Statement of Income and Retained Earnings, Statement of Financial Position 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 director of Magden Marketing Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Magden Marketing Ltd and state those matters that we have agreed to state to the director of Magden Marketing Ltd 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 Magden Marketing Ltd and its director for our work or for this report.

It is your duty to ensure that Magden Marketing Ltd 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 Magden Marketing Ltd. You consider that Magden Marketing Ltd 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 Magden Marketing Ltd. 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.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


21 February 2025

Magden Marketing Ltd (Registered number: 11857994)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 371 494

CURRENT ASSETS
Debtors 5 2,900 2,313
Cash at bank and in hand 823 1,713
3,723 4,026
CREDITORS
Amounts falling due within one year 6 3,586 4,026
NET CURRENT ASSETS 137 -
TOTAL ASSETS LESS CURRENT
LIABILITIES

508

494

PROVISIONS FOR LIABILITIES 7 70 94
NET ASSETS 438 400

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 338 300
SHAREHOLDERS' FUNDS 438 400

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

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 her 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.

Magden Marketing Ltd (Registered number: 11857994)

Statement of Financial Position - continued
31 May 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 21 February 2025 and were signed by:





Miss M Magden - Director


Magden Marketing Ltd (Registered number: 11857994)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Magden Marketing Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates. There were no major items in the financial statements where these judgements and estimates have been made.

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

Turnover is recognised when the company obtains the right to consideration and is derived from the ordinary activities of the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

Magden Marketing Ltd (Registered number: 11857994)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 June 2023
and 31 May 2024 879
DEPRECIATION
At 1 June 2023 385
Charge for year 123
At 31 May 2024 508
NET BOOK VALUE
At 31 May 2024 371
At 31 May 2023 494

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,900 2,000
Other debtors - 313
2,900 2,313

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 817 470
Taxation and social security 1,856 1,453
Other creditors 913 2,103
3,586 4,026

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 70 94

Magden Marketing Ltd (Registered number: 11857994)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2023 94
Credit to Statement of Income and Retained Earnings during year (24 )
Balance at 31 May 2024 70

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 June 2023 300
Profit for the year 238
Dividends (200 )
At 31 May 2024 338

10. RELATED PARTY DISCLOSURES

Included within creditors are amounts due to key management personnel at balance sheet date of £253 (2023 : £1,443). No interest was charged on the balance and it was repayable on demand.