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REGISTERED NUMBER: SC606927 (Scotland)











Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Magnetic Dipole Ltd

Magnetic Dipole Ltd (by shares) (Registered number: SC606927)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2


Magnetic Dipole Ltd (by shares)

Company Information
for the year ended 31 August 2024







DIRECTORS: M G Dunn
Miss A Mazur





REGISTERED OFFICE: 9 St John's Terrace
Aberdeen
Grampian
AB15 7PH





REGISTERED NUMBER: SC606927 (Scotland)





ACCOUNTANTS: Grampian Accounting
3 Prospect Place
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6SY

Magnetic Dipole Ltd (by shares) (Registered number: SC606927)

Balance Sheet
31 August 2024

31.8.24 31.8.23
£    £    £    £   
FIXED ASSETS 1 1

CURRENT ASSETS 81,783 68,209

CREDITORS
Amounts falling due within one year (40,376 ) (30,887 )
NET CURRENT ASSETS 41,407 37,322
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,408

37,323

CAPITAL AND RESERVES 41,408 37,323

NOTES TO THE FINANCIAL STATEMENTS

1. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2023 - 2 ) .

2. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
M G Dunn and Miss A Mazur
Balance outstanding at start of year (2,178 ) (914 )
Amounts advanced 941 -
Amounts repaid - (1,264 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,237 ) (2,178 )



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

Magnetic Dipole Ltd (by shares) (Registered number: SC606927)

Balance Sheet - continued
31 August 2024


The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:





M G Dunn - Director