1 June 2023 false No description of principal activity Taxfiler 2024.6 10749715business:PrivateLimitedCompanyLtd2023-06-012024-05-31 107497152023-05-31 107497152023-06-012024-05-31 10749715business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 10749715business:FilletedAccounts2023-06-012024-05-31 107497152024-05-31 10749715business:Director12023-06-012024-05-31 10749715business:RegisteredOffice2023-06-012024-05-31 107497152023-05-31 10749715core:WithinOneYear2024-05-31 10749715core:WithinOneYear2023-05-31 10749715core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 10749715core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 10749715core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 10749715core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 10749715core:PreviouslyStatedAmount2024-05-31 10749715core:PreviouslyStatedAmount2023-05-31 10749715business:SmallEntities2023-06-012024-05-31 10749715countries:EnglandWales2023-06-012024-05-31 10749715core:MotorVehicles2023-05-31 10749715core:MotorVehicles2024-05-31 10749715core:MotorVehicles2023-06-012024-05-31 107497152022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 10749715 (England and Wales)
Magic Master Ltd Unaudited accounts for the year ended 31 May 2024
Magic Master Ltd Unaudited accounts Contents
Page
- 2 -
Magic Master Ltd Company Information for the year ended 31 May 2024
Director
Corneliu Mosnoi
Company Number
10749715 (England and Wales)
Registered Office
FLAT 6 19 MAUD STREET LONDON E16 1YS ENGLAND
Accountants
Eurofirma Ltd 59 Devons Road London E3 3DW
- 3 -
Magic Master Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,533 
12,845 
Current assets
Debtors
3,066 
120,912 
Cash at bank and in hand
491,098 
351,694 
494,164 
472,606 
Creditors: amounts falling due within one year
(164,411)
(147,856)
Net current assets
329,753 
324,750 
Net assets
340,286 
337,595 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
340,186 
337,495 
Shareholders' funds
340,286 
337,595 
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 members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 February 2025 and were signed on its behalf by
Corneliu Mosnoi Director Company Registration No. 10749715
- 4 -
Magic Master Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Magic Master Ltd is a private company, limited by shares, registered in England and Wales, registration number 10749715. The registered office is FLAT 6, 19 MAUD STREET, LONDON, E16 1YS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 June 2023
19,103 
At 31 May 2024
19,103 
Depreciation
At 1 June 2023
6,258 
Charge for the year
2,312 
At 31 May 2024
8,570 
Net book value
At 31 May 2024
10,533 
At 31 May 2023
12,845 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,966 
4,808 
Accrued income and prepayments
- 
116,004 
Other debtors
100 
100 
3,066 
120,912 
- 5 -
Magic Master Ltd Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
16,156 
30,854 
Loans from directors
146,623 
102,323 
Accruals
1,632 
14,679 
164,411 
147,856 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -