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REGISTERED NUMBER: 05893539 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Dominic Reyes Magic Limited

Dominic Reyes Magic Limited (Registered number: 05893539)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dominic Reyes Magic Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: D P Reyes





SECRETARY: Mrs JA Reyes





REGISTERED OFFICE: Castle Farm Barn North
Denmead Road
Southwick
Fareham
Hampshire
PO17 6EX





REGISTERED NUMBER: 05893539 (England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

Dominic Reyes Magic Limited (Registered number: 05893539)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 751 883

CURRENT ASSETS
Debtors 5 20,189 22,438
Cash at bank 709 653
20,898 23,091
CREDITORS
Amounts falling due within one year 6 1,652 1,588
NET CURRENT ASSETS 19,246 21,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,997

22,386

CREDITORS
Amounts falling due after more than
one year

7

21,870

24,232
NET LIABILITIES (1,873 ) (1,846 )

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings (2,073 ) (2,046 )
SHAREHOLDERS' FUNDS (1,873 ) (1,846 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Dominic Reyes Magic Limited (Registered number: 05893539)

Balance Sheet - continued
30 June 2024


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

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 24 March 2025 and were signed by:





D P Reyes - Director


Dominic Reyes Magic Limited (Registered number: 05893539)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Dominic Reyes Magic Limited 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

Dominic Reyes Magic Limited (Registered number: 05893539)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 4,144
DEPRECIATION
At 1 July 2023 3,261
Charge for year 132
At 30 June 2024 3,393
NET BOOK VALUE
At 30 June 2024 751
At 30 June 2023 883

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed by associates 20,189 21,251
Other debtors - 1,187
20,189 22,438

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 832 808
Other creditors 820 780
1,652 1,588

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 21,870 24,232

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 21,870 24,232

Dominic Reyes Magic Limited (Registered number: 05893539)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
200 Ordinary 1 200 200

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
D P Reyes
Balance outstanding at start of year 1,187 4,602
Amounts repaid (1,227 ) (3,415 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (40 ) 1,187

Included within debtors is an amount due from the director as above. The loan is unsecured and interest free.