Acorah Software Products - Accounts Production 16.2.800 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 09672276 Mr Gigi Moraru iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09672276 2023-07-31 09672276 2024-07-31 09672276 2023-08-01 2024-07-31 09672276 frs-core:CurrentFinancialInstruments 2024-07-31 09672276 frs-core:Non-currentFinancialInstruments 2024-07-31 09672276 frs-core:ComputerEquipment 2024-07-31 09672276 frs-core:ComputerEquipment 2023-08-01 2024-07-31 09672276 frs-core:ComputerEquipment 2023-07-31 09672276 frs-core:MotorVehicles 2024-07-31 09672276 frs-core:MotorVehicles 2023-08-01 2024-07-31 09672276 frs-core:MotorVehicles 2023-07-31 09672276 frs-core:ShareCapital 2024-07-31 09672276 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 09672276 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09672276 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 09672276 frs-bus:SmallEntities 2023-08-01 2024-07-31 09672276 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 09672276 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 09672276 frs-bus:Director1 2023-08-01 2024-07-31 09672276 frs-countries:EnglandWales 2023-08-01 2024-07-31 09672276 2022-07-31 09672276 2023-07-31 09672276 2022-08-01 2023-07-31 09672276 frs-core:CurrentFinancialInstruments 2023-07-31 09672276 frs-core:Non-currentFinancialInstruments 2023-07-31 09672276 frs-core:ShareCapital 2023-07-31 09672276 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 09672276
MAGNUM TRANS LTD
Unaudited Financial Statements
For The Year Ended 31 July 2024
67 Meridian Centre
Havant
Hampshire
PO9 1UN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09672276
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 443 24,614
443 24,614
CURRENT ASSETS
Debtors 5 3,646 3,646
Cash at bank and in hand 7,909 7,951
11,555 11,597
Creditors: Amounts Falling Due Within One Year 6 (15,849 ) (12,985 )
NET CURRENT ASSETS (LIABILITIES) (4,294 ) (1,388 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,851 ) 23,226
Creditors: Amounts Falling Due After More Than One Year 7 (3,120 ) (28,909 )
NET LIABILITIES (6,971 ) (5,683 )
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account (6,981 ) (5,693 )
SHAREHOLDERS' FUNDS (6,971) (5,683)
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gigi Moraru
Director
10/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MAGNUM TRANS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 09672276 . The registered office is Woodland Stirchley Grange, Stirchley Road, Stirchley, Telford, TF3 1AB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% straight line
Computer Equipment 25% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 1)
- 1
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 32,171 803 32,974
Additions (32,171 ) - (32,171 )
As at 31 July 2024 - 803 803
Depreciation
As at 1 August 2023 8,011 349 8,360
Provided during the period (8,011 ) 11 (8,000 )
As at 31 July 2024 - 360 360
Net Book Value
As at 31 July 2024 - 443 443
As at 1 August 2023 24,160 454 24,614
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,374 3,374
VAT 272 272
3,646 3,646
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors (3,896 ) (3,898 )
Other taxes and social security 690 690
Director's loan account 19,055 16,193
15,849 12,985
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,120 28,909
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 4