31 May 2023 false No description of principal activity Taxfiler 2024.6 10171829 business:PrivateLimitedCompanyLtd 2023-05-31 2024-05-30 10171829 2023-05-30 10171829 2023-05-31 2024-05-30 10171829 business:AuditExempt-NoAccountantsReport 2023-05-31 2024-05-30 10171829 business:FilletedAccounts 2023-05-31 2024-05-30 10171829 2024-05-30 10171829 2023-05-30 10171829 core:WithinOneYear 2024-05-30 10171829 core:WithinOneYear 2023-05-30 10171829 core:ShareCapital core:PreviouslyStatedAmount 2024-05-30 10171829 core:ShareCapital core:PreviouslyStatedAmount 2023-05-30 10171829 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-05-30 10171829 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-05-30 10171829 core:PreviouslyStatedAmount 2024-05-30 10171829 core:PreviouslyStatedAmount 2023-05-30 10171829 business:SmallEntities 2023-05-31 2024-05-30 10171829 business:Director1 2023-05-31 2024-05-30 10171829 countries:EnglandWales 2023-05-31 2024-05-30 10171829 business:RegisteredOffice 2023-05-31 2024-05-30 10171829 core:ComputerEquipment 2023-05-31 2024-05-30 10171829 core:ComputerEquipment 2023-05-30 10171829 core:ComputerEquipment 2024-05-30 10171829 2022-05-31 2023-05-30 iso4217:GBP xbrli:pure
Company Registration No. 10171829 (England and Wales)
MAGNA MATER FOODS LTD Unaudited accounts for the year ended 30 May 2024
MAGNA MATER FOODS LTD Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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MAGNA MATER FOODS LTD Statement of financial position as at 30 May 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
1,169
670
Current assets
Inventories
2,828
2,828
Debtors
5
2,009
403
Cash at bank and in hand
1,302
4,262
6,139
7,493
Creditors: amounts falling due within one year
6
(20,275)
(20,811)
Net current liabilities
(14,136)
(13,318)
Net liabilities
(12,967)
(12,648)
Capital and reserves
Called up share capital
1
1
Profit and loss account
(12,968)
(12,649)
Shareholders' funds
(12,967)
(12,648)
For the year ending 30 May 2024 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 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 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 and authorised for issue on 25 May 2025 and were signed on its behalf by
Daniele AMICI Director Company Registration No. 10171829
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MAGNA MATER FOODS LTD Notes to the Accounts for the year ended 30 May 2024
1
Statutory information
MAGNA MATER FOODS LTD is a private company, limited by shares, registered in England and Wales, registration number 10171829. The registered office is Sky Accountancy, c/o Tax Platform, 9-11 Gunnery Terrace Sky Accountancy, C/, London, SE18 6SW, United Kingdom.
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
These financial statements for the year ended 30 May 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 31 May 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Computer equipment
25 %RBM
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 31 May 2023
2,043
Additions
833
At 30 May 2024
2,876
Depreciation
At 31 May 2023
1,373
Charge for the year
334
At 30 May 2024
1,707
Net book value
At 30 May 2024
1,169
At 30 May 2023
670
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MAGNA MATER FOODS LTD Notes to the Accounts for the year ended 30 May 2024
5
Debtors
2024
2023
£
£
Amounts falling due within one year
VAT
1,207
403
Trade debtors
802
-
2,009
403
6
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
19,875
20,411
Accruals
400
400
20,275
20,811
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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