5 01/06/2023 31/05/2024 2024-05-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-06-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 10760614 2023-06-01 2024-05-31 10760614 2024-05-31 10760614 2023-05-31 10760614 2022-06-01 2023-05-31 10760614 2023-05-31 10760614 2022-05-31 10760614 bus:RegisteredOffice 2023-06-01 2024-05-31 10760614 bus:LeadAgentIfApplicable 2023-06-01 2024-05-31 10760614 bus:Director1 2023-06-01 2024-05-31 10760614 core:WithinOneYear 2024-05-31 10760614 core:WithinOneYear 2023-05-31 10760614 core:AfterOneYear 2024-05-31 10760614 core:AfterOneYear 2023-05-31 10760614 bus:Director1 2023-05-31 10760614 bus:Director1 2024-05-31 10760614 bus:Director1 2022-05-31 10760614 bus:Director1 2023-05-31 10760614 bus:Director1 2022-06-01 2023-05-31 10760614 bus:Micro-entities 2023-06-01 2024-05-31 10760614 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10760614 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10760614 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10760614 bus:FullAccounts 2023-06-01 2024-05-31
Company registration number: 10760614
Magicalogical Limited
Unaudited filleted financial statements
31 May 2024
Magicalogical Limited
Contents
Directors and other information
Accountant's report
Statement of financial position and notes to the financial statements
Magicalogical Limited
Directors and other information
Director Mr Stuart Joseph Green
Company number 10760614
Registered office 749 A Ormskirk Road
Pemberton
Wigan
Lancashire
WN5 8AT
Business address Wigan Hall
New Market Street
Wigan
Lancashire
WN1 1HH
Accountant Practical Business Solutions (NW) Limited
749 A Ormskirk road
Pemberton
Wigan
Lancashire
WN5 8AT
Magicalogical Limited
Chartered accountant's report to the director on the preparation of the
unaudited statutory financial statements of Magicalogical Limited
Year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Magicalogical Limited for the year ended 31 May 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Magicalogical Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Magicalogical Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Magicalogical Limited and its director as a body for my work or for this report.
It is your duty to ensure that Magicalogical Limited 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 loss of Magicalogical Limited. You consider that Magicalogical Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Magicalogical Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Practical Business Solutions (NW) Limited
Chartered Global Management Accountants
749 A Ormskirk road
Pemberton
Wigan
Lancashire
WN5 8AT
21 February 2025
Magicalogical Limited
Statement of financial position
31 May 2024
2024 2023
£ £ £ £
Fixed assets 32,732 11,464
_______ _______
Current assets 110,934 78,883
Prepayments and accrued income 45,000 45,000
_______ _______
155,934 123,883
Creditors: amounts falling due within one year ( 144,229) ( 124,223)
_______ _______
Net current assets/(liabilities) 11,705 ( 340)
_______ _______
Total assets less current liabilities 44,437 11,124
Creditors: amounts falling due after more than one year ( 48,456) ( 6,864)
Provisions for liabilities ( 2,362) ( 2,178)
_______ _______
Net (liabilities)/assets ( 6,381) 2,082
_______ _______
Capital and reserves ( 6,381) 2,082
_______ _______
Magicalogical Limited
Year ended 31 May 2024
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 4 ).
2. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Stuart Joseph Green 13,081 52,695 ( 10,186) 55,590
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Stuart Joseph Green ( 376) 66,719 ( 53,262) 13,081
_______ _______ _______ _______
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.
Directors responsiblities:
- The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 21 February 2025 , and are signed on behalf of the board by:
Mr Stuart Joseph Green
Director
Company registration number: 10760614
The company is a private company limited by shares, registered in England & Wales.