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Registered number: 09242361
Majic Print Services Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 September 2024
BRP Accountancy Limited
Chartered Certified Accountants
85 Avondale Road
Bromley
BR1 4HR
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 09242361
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,102 10,528
Investments 5 22,118 22,118
31,220 32,646
CURRENT ASSETS
Debtors 15,121 4,829
Cash at bank and in hand 6,085 14,174
21,206 19,003
Creditors: Amounts Falling Due Within One Year (11,475 ) (15,588 )
NET CURRENT ASSETS (LIABILITIES) 9,731 3,415
TOTAL ASSETS LESS CURRENT LIABILITIES 40,951 36,061
NET ASSETS 40,951 36,061
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 40,950 36,060
SHAREHOLDERS' FUNDS 40,951 36,061
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Page 2
For the year ending 30 September 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 September 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Jignesh Patel
Director
13th April 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Majic Print Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09242361 . The registered office is 178, Bexley Road, Eltham, London, SE9 2PH.
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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from 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:
Plant & Machinery 20% reducing Balance
Computer Equipment 20% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Total
£
Cost
As at 1 October 2023 29,824
Additions 850
As at 30 September 2024 30,674
Depreciation
As at 1 October 2023 19,296
Provided during the period 2,276
As at 30 September 2024 21,572
Net Book Value
As at 30 September 2024 9,102
As at 1 October 2023 10,528
5. Investments
Total
£
Cost
As at 1 October 2023 22,118
As at 30 September 2024 22,118
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 22,118
As at 1 October 2023 22,118
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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