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Company Registration No. 12005976 (England and Wales)
UK MAGE 3 LTD Unaudited accounts for the year ended 31 May 2024
UK MAGE 3 LTD Unaudited accounts Contents
Page
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UK MAGE 3 LTD Company Information for the year ended 31 May 2024
Director
ISTVAN KOCSORDI
Company Number
12005976 (England and Wales)
Registered Office
Suites 214/215A, Sackville Place 44-48 Magdalen Street Norwich NR3 1JU England
Accountants
ATF TAX CONSULTANCY LTD Sackville Place 44-48 Magdalen Steet Norwich Norfolk NR3 1JU
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UK MAGE 3 LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,372 
3,163 
Current assets
Debtors
8,703 
10,477 
Cash at bank and in hand
1,648 
207 
10,351 
10,684 
Creditors: amounts falling due within one year
(5,683)
(3,036)
Net current assets
4,668 
7,648 
Total assets less current liabilities
7,040 
10,811 
Creditors: amounts falling due after more than one year
(6,685)
(10,009)
Provisions for liabilities
Deferred tax
- 
(434)
Net assets
355 
368 
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
55 
68 
Shareholders' funds
355 
368 
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
ISTVAN KOCSORDI Director Company Registration No. 12005976
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UK MAGE 3 LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
UK MAGE 3 LTD is a private company, limited by shares, registered in England and Wales, registration number 12005976. The registered office is Suites 214/215A, Sackville Place, 44-48 Magdalen Street, Norwich, NR3 1JU, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
5 Years
Computer equipment
3 Years
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are discounted.
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UK MAGE 3 LTD Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
6,800 
664 
7,464 
At 31 May 2024
6,800 
664 
7,464 
Depreciation
At 1 June 2023
4,080 
221 
4,301 
Charge for the year
680 
111 
791 
At 31 May 2024
4,760 
332 
5,092 
Net book value
At 31 May 2024
2,040 
332 
2,372 
At 31 May 2023
2,720 
443 
3,163 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
8,703 
- 
Amounts falling due after more than one year
Other debtors
- 
10,477 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
5,683 
3,036 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,685 
10,009 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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