IRIS Accounts Production v24.3.2.46 14593629 director 1.2.24 31.1.25 31.1.25 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh145936292024-01-31145936292025-01-31145936292024-02-012025-01-31145936292023-01-15145936292023-01-162024-01-31145936292024-01-3114593629ns15:EnglandWales2024-02-012025-01-3114593629ns14:PoundSterling2024-02-012025-01-3114593629ns10:Director12024-02-012025-01-3114593629ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3114593629ns10:SmallEntities2024-02-012025-01-3114593629ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3114593629ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3114593629ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3114593629ns10:FullAccounts2024-02-012025-01-3114593629ns10:OrdinaryShareClass12024-02-012025-01-3114593629ns10:RegisteredOffice2024-02-012025-01-3114593629ns5:CurrentFinancialInstruments2025-01-3114593629ns5:CurrentFinancialInstruments2024-01-3114593629ns5:ShareCapital2025-01-3114593629ns5:ShareCapital2024-01-3114593629ns5:RetainedEarningsAccumulatedLosses2025-01-3114593629ns5:RetainedEarningsAccumulatedLosses2024-01-3114593629ns5:MotorVehicles2024-02-012025-01-3114593629ns5:ComputerEquipment2024-02-012025-01-3114593629ns5:MotorVehicles2024-01-3114593629ns5:ComputerEquipment2024-01-3114593629ns5:MotorVehicles2025-01-3114593629ns5:ComputerEquipment2025-01-3114593629ns5:MotorVehicles2024-01-3114593629ns5:ComputerEquipment2024-01-3114593629ns10:OrdinaryShareClass12025-01-31
REGISTERED NUMBER: 14593629 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 January 2025

for

Magic State Media Limited

Magic State Media Limited (Registered number: 14593629)






Contents of the Financial Statements
For The Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Magic State Media Limited

Company Information
For The Year Ended 31 January 2025







DIRECTOR: O S Rayner





REGISTERED OFFICE: Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE





REGISTERED NUMBER: 14593629 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

Magic State Media Limited (Registered number: 14593629)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,107 13,166

CURRENT ASSETS
Debtors 5 565 31
Cash at bank 26,088 13,953
26,653 13,984
CREDITORS
Amounts falling due within one year 6 13,607 13,040
NET CURRENT ASSETS 13,046 944
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,153

14,110

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 24,053 14,010
SHAREHOLDERS' FUNDS 24,153 14,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 April 2025 and were signed by:





O S Rayner - Director


Magic State Media Limited (Registered number: 14593629)

Notes to the Financial Statements
For The Year Ended 31 January 2025

1. STATUTORY INFORMATION

Magic State Media 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.

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 and is recognised as services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

Magic State Media Limited (Registered number: 14593629)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2024 16,000 1,166 17,166
Additions - 2,232 2,232
At 31 January 2025 16,000 3,398 19,398
DEPRECIATION
At 1 February 2024 4,000 - 4,000
Charge for year 4,000 291 4,291
At 31 January 2025 8,000 291 8,291
NET BOOK VALUE
At 31 January 2025 8,000 3,107 11,107
At 31 January 2024 12,000 1,166 13,166

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
VAT 565 31

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Corporation tax 12,117 11,160
Directors' current accounts 490 880
Accrued expenses 1,000 1,000
13,607 13,040

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
100 Ordinary £1 100 100