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Registered Number: 12704151


 

 

 

MAGIC'S REPAIR CENTRE LTD



Abridged Accounts
 


Period of accounts

Start date: 01 July 2023

End date: 31 May 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 7,310    11,920 
7,310    11,920 
Current assets      
Debtors 15,009   
Cash at bank and in hand 69,577    10,706 
84,586    10,706 
Creditors: amount falling due within one year (102,997)   (1,184)
Net current assets (18,411)   9,522 
 
Total assets less current liabilities (11,101)   21,442 
Net assets (11,101)   21,442 
 

Capital and reserves
     
Reserves 16,394    16,394 
Profit and loss account (27,495)   5,048 
Shareholders' funds (11,101)   21,442 
 


For the period ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 11 June 2025 and were signed by:


-------------------------------
Maciej Stepnowski
Director
1
General Information
MAGIC'S REPAIR CENTRE LTD is a private company, limited by shares, registered in , registration number 12704151, registration address 115 TURNER LANE, ASHTON-UNDER-LYNE, OL6 8SS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 4 Reducing Balance
Computer Equipment 4 Reducing Balance
2.

Average number of employees

Average number of employees during the period was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 July 2023 11,920      11,920 
Additions   999    999 
Disposals    
At 31 May 2024 11,920    999    12,919 
Depreciation
At 01 July 2023    
Charge for period 5,463    146    5,609 
On disposals    
At 31 May 2024 5,463    146    5,609 
Net book values
Closing balance as at 31 May 2024 6,457    853    7,310 
Opening balance as at 01 July 2023 11,920      11,920 


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