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Company Registration No. 10037617 (England and Wales)
MAGOWANS (LONDON) LIMITED Unaudited accounts for the year ended 31 March 2025
MAGOWANS (LONDON) LIMITED Unaudited accounts Contents
Page
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MAGOWANS (LONDON) LIMITED Company Information for the year ended 31 March 2025
Directors
Mr C J Magowan Mrs G R Magowan
Company Number
10037617 (England and Wales)
Registered Office
Suite 5, 4 Old Lodge Place St Margarets Road Twickenham London TW1 3RQ England
Accountants
GIA Foley & Co West Clayton Business Centre Berry Lane Chorleywood Hertfordshire WD3 5EX
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MAGOWANS (LONDON) LIMITED Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
979 
291 
Current assets
Inventories
- 
20,000 
Debtors
33,460 
31,396 
Cash at bank and in hand
26,230 
5,272 
59,690 
56,668 
Creditors: amounts falling due within one year
(58,654)
(41,876)
Net current assets
1,036 
14,792 
Total assets less current liabilities
2,015 
15,083 
Creditors: amounts falling due after more than one year
(1,753)
(12,216)
Net assets
262 
2,867 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
162 
2,767 
Shareholders' funds
262 
2,867 
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2025 and were signed on its behalf by
Mr C J Magowan Director Company Registration No. 10037617
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MAGOWANS (LONDON) LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
MAGOWANS (LONDON) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10037617. The registered office is Suite 5, 4 Old Lodge Place, St Margarets Road, Twickenham, London, TW1 3RQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Fixtures & fittings
33% straight line
Computer equipment
33% straight line
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2024
9,409 
10,625 
3,725 
23,759 
Additions
- 
- 
1,175 
1,175 
At 31 March 2025
9,409 
10,625 
4,900 
24,934 
Depreciation
At 1 April 2024
9,118 
10,625 
3,725 
23,468 
Charge for the year
291 
- 
196 
487 
At 31 March 2025
9,409 
10,625 
3,921 
23,955 
Net book value
At 31 March 2025
- 
- 
979 
979 
At 31 March 2024
291 
- 
- 
291 
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MAGOWANS (LONDON) LIMITED Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
19,506 
26,688 
Accrued income and prepayments
3,676 
3,639 
Other debtors
10,278 
1,069 
33,460 
31,396 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
10,462 
10,204 
VAT
16,234 
8,074 
Trade creditors
660 
3,301 
Taxes and social security
29,651 
18,723 
Other creditors
147 
74 
Accruals
1,500 
1,500 
58,654 
41,876 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
1,753 
12,216 
8
Average number of employees
During the year the average number of employees was 3 (2024: 4).
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