PTP Accounts Production v25.1.3.33 05258337 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh052583372023-10-31052583372024-10-31052583372023-11-012024-10-31052583372022-10-31052583372022-11-012023-10-31052583372023-10-3105258337ns15:EnglandWales2023-11-012024-10-3105258337ns14:PoundSterling2023-11-012024-10-3105258337ns10:Director12023-11-012024-10-3105258337ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3105258337ns10:SmallEntities2023-11-012024-10-3105258337ns10:AuditExemptWithAccountantsReport2023-11-012024-10-3105258337ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3105258337ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3105258337ns10:FullAccounts2023-11-012024-10-310525833712023-11-012024-10-3105258337ns10:Director22023-11-012024-10-3105258337ns10:CompanySecretary12023-11-012024-10-3105258337ns10:RegisteredOffice2023-11-012024-10-3105258337ns5:CurrentFinancialInstruments2024-10-3105258337ns5:CurrentFinancialInstruments2023-10-3105258337ns5:Non-currentFinancialInstruments2024-10-3105258337ns5:Non-currentFinancialInstruments2023-10-3105258337ns5:ShareCapital2024-10-3105258337ns5:ShareCapital2023-10-3105258337ns5:RetainedEarningsAccumulatedLosses2024-10-3105258337ns5:RetainedEarningsAccumulatedLosses2023-10-3105258337ns5:PlantMachinery2023-11-012024-10-3105258337ns5:FurnitureFittings2023-11-012024-10-3105258337ns5:ComputerEquipment2023-11-012024-10-3105258337ns5:NetGoodwill2023-10-3105258337ns5:NetGoodwill2024-10-3105258337ns5:NetGoodwill2023-10-3105258337ns5:PlantMachinery2023-10-3105258337ns5:FurnitureFittings2023-10-3105258337ns5:ComputerEquipment2023-10-3105258337ns5:PlantMachinery2024-10-3105258337ns5:FurnitureFittings2024-10-3105258337ns5:ComputerEquipment2024-10-3105258337ns5:PlantMachinery2023-10-3105258337ns5:FurnitureFittings2023-10-3105258337ns5:ComputerEquipment2023-10-3105258337ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3105258337ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-012024-10-3105258337ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-10-3105258337ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3105258337ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3105258337ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31
REGISTERED NUMBER: 05258337 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

Willows Magic Limited

Willows Magic Limited (Registered number: 05258337)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Willows Magic Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr L C Williams
Mrs A M Williams





SECRETARY: Mrs A M Williams





REGISTERED OFFICE: 7 Elvington Green
Bromley
Kent
BR2 9DE





REGISTERED NUMBER: 05258337 (England and Wales)





ACCOUNTANTS: TAG (Maidstone) Ltd
10 Coverdale Avenue
Maidstone
Kent
ME15 9DR

Willows Magic Limited (Registered number: 05258337)

Balance Sheet
31 October 2024

31/10/24 31/10/23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 104,068 120,928
104,068 120,928

CURRENT ASSETS
Stocks 3,300 3,300
Debtors 6 85,417 73,212
Cash at bank and in hand 56,008 64,084
144,725 140,596
CREDITORS
Amounts falling due within one year 7 119,905 115,103
NET CURRENT ASSETS 24,820 25,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,888

146,421

CREDITORS
Amounts falling due after more than one
year

8

(71,355

)

(84,717

)

PROVISIONS FOR LIABILITIES (18,014 ) (20,830 )
NET ASSETS 39,519 40,874

CAPITAL AND RESERVES
Called up share capital 108 108
Retained earnings 39,411 40,766
SHAREHOLDERS' FUNDS 39,519 40,874

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

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

Willows Magic Limited (Registered number: 05258337)

Balance Sheet - continued
31 October 2024


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 4 June 2025 and were signed on its behalf by:





Mrs A M Williams - Director


Willows Magic Limited (Registered number: 05258337)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Willows Magic 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance and 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Office equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Willows Magic Limited (Registered number: 05258337)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 52,000
AMORTISATION
At 1 November 2023
and 31 October 2024 52,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Office
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023 468,031 6,297 32,962 507,290
Additions 2,500 - 3,289 5,789
Disposals (5,750 ) - - (5,750 )
At 31 October 2024 464,781 6,297 36,251 507,329
DEPRECIATION
At 1 November 2023 362,171 4,035 20,156 386,362
Charge for year 16,088 340 3,219 19,647
Eliminated on disposal (2,748 ) - - (2,748 )
At 31 October 2024 375,511 4,375 23,375 403,261
NET BOOK VALUE
At 31 October 2024 89,270 1,922 12,876 104,068
At 31 October 2023 105,860 2,262 12,806 120,928

Willows Magic Limited (Registered number: 05258337)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 November 2023
and 31 October 2024 195,480
DEPRECIATION
At 1 November 2023 189,490
Charge for year 1,198
At 31 October 2024 190,688
NET BOOK VALUE
At 31 October 2024 4,792
At 31 October 2023 5,990

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 71,544 57,067
Other debtors 13,873 16,145
85,417 73,212

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 1,562 4,200
Trade creditors 88,688 87,322
Taxation and social security 18,248 16,623
Other creditors 6,407 1,958
119,905 115,103

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/24 31/10/23
£    £   
Bank loans 28,029 33,029
Hire purchase contracts - 1,109
Other creditors 43,326 50,579
71,355 84,717

9. ULTIMATE CONTROLLING PARTY

The company is controlled by its two directors and shareholders Mr L C Williams and Mrs A M Williams.

Willows Magic Limited

Report of the Accountants to the Directors of
Willows Magic Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






TAG (Maidstone) Ltd
10 Coverdale Avenue
Maidstone
Kent
ME15 9DR


4 June 2025