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Company Registration No. 11400862 (England and Wales)
Magix Solutions Ltd Unaudited accounts for the year ended 30 June 2024
Magix Solutions Ltd Unaudited accounts Contents
Page
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Magix Solutions Ltd Company Information for the year ended 30 June 2024
Director
Valerio MAGGINI
Company Number
11400862 (England and Wales)
Registered Office
1539 Stratford Road Hall Green Birmingham B28 9JA England
Accountants
Tax Care Certified Accountants Ltd 11 Lodgepool Close Great Barr Birmingham — B44 8HH
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Magix Solutions Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
123,062 
116,868 
Debtors
44,073 
113,957 
Cash at bank and in hand
59,576 
36,156 
226,711 
266,981 
Creditors: amounts falling due within one year
(238,622)
(240,480)
Net current (liabilities)/assets
(11,911)
26,501 
Net (liabilities)/assets
(11,911)
26,501 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(11,912)
26,500 
Shareholders' funds
(11,911)
26,501 
For the year ending 30 June 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 19 February 2025 and were signed on its behalf by
Valerio MAGGINI Director Company Registration No. 11400862
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Magix Solutions Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Magix Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 11400862. The registered office is 1539 Stratford Road, Hall Green, Birmingham, B28 9JA, 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
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2023
1,427 
At 30 June 2024
1,427 
Depreciation
At 1 July 2023
1,427 
At 30 June 2024
1,427 
Net book value
At 30 June 2024
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
44,073 
113,957 
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Magix Solutions Ltd Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
38,485 
34,974 
Taxes and social security
162,588 
146,006 
Other creditors
(5,560)
41,882 
Loans from directors
43,109 
17,618 
238,622 
240,480 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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