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REGISTERED NUMBER: 11013731 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31st October 2023

for

MAGENTA MOTOR SERVICES LIMITED

MAGENTA MOTOR SERVICES LIMITED (REGISTERED NUMBER: 11013731)






Contents of the Financial Statements
for the Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAGENTA MOTOR SERVICES LIMITED

Company Information
for the Year Ended 31st October 2023







DIRECTORS: J S Basi
G Chand





REGISTERED OFFICE: 2 Wheeleys Road
Edgbaston
Birmingham
B15 2LD





REGISTERED NUMBER: 11013731 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

MAGENTA MOTOR SERVICES LIMITED (REGISTERED NUMBER: 11013731)

Balance Sheet
31st October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,000

CURRENT ASSETS
Debtors 5 60,603 64,477
Cash at bank and in hand 19,086 17,553
79,689 82,030
CREDITORS
Amounts falling due within one year 6 35,696 40,909
NET CURRENT ASSETS 43,993 41,121
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,993

42,121

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 43,893 42,021
43,993 42,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MAGENTA MOTOR SERVICES LIMITED (REGISTERED NUMBER: 11013731)

Balance Sheet - continued
31st October 2023


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 Board of Directors and authorised for issue on 16th April 2025 and were signed on its behalf by:





G Chand - Director


MAGENTA MOTOR SERVICES LIMITED (REGISTERED NUMBER: 11013731)

Notes to the Financial Statements
for the Year Ended 31st October 2023

1. STATUTORY INFORMATION

MAGENTA MOTOR SERVICES 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, 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 Income Statement, 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 2 (2022 - 2 ) .

MAGENTA MOTOR SERVICES LIMITED (REGISTERED NUMBER: 11013731)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1st November 2022
and 31st October 2023 5,000
DEPRECIATION
At 1st November 2022 4,000
Charge for year 1,000
At 31st October 2023 5,000
NET BOOK VALUE
At 31st October 2023 -
At 31st October 2022 1,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 9,031 12,905
Other debtors 51,572 51,572
60,603 64,477

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 2,777 1,396
Taxation and social security 16,878 15,266
Other creditors 16,041 24,247
35,696 40,909