3 false false false false false false false false false true false false false false false false No description of principal activity 2024-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 08868480 2024-06-01 2025-05-31 08868480 2025-05-31 08868480 2024-05-31 08868480 2023-06-01 2024-05-31 08868480 2024-05-31 08868480 2023-05-31 08868480 core:FurnitureFittings 2024-06-01 2025-05-31 08868480 bus:Director2 2024-06-01 2025-05-31 08868480 bus:Director3 2024-06-01 2025-05-31 08868480 bus:Director1 2024-06-01 2025-05-31 08868480 core:FurnitureFittings 2024-05-31 08868480 core:FurnitureFittings 2025-05-31 08868480 core:WithinOneYear 2025-05-31 08868480 core:WithinOneYear 2024-05-31 08868480 core:UKTax 2024-06-01 2025-05-31 08868480 core:UKTax 2023-06-01 2024-05-31 08868480 core:ShareCapital 2025-05-31 08868480 core:ShareCapital 2024-05-31 08868480 core:RetainedEarningsAccumulatedLosses 2025-05-31 08868480 core:RetainedEarningsAccumulatedLosses 2024-05-31 08868480 core:FurnitureFittings 2024-05-31 08868480 bus:Director1 2024-05-31 08868480 bus:Director1 2025-05-31 08868480 bus:Director2 2024-05-31 08868480 bus:Director2 2025-05-31 08868480 bus:Director3 2024-05-31 08868480 bus:Director3 2025-05-31 08868480 bus:Director1 2024-05-31 08868480 bus:Director2 2023-05-31 08868480 bus:Director2 2024-05-31 08868480 bus:Director3 2023-05-31 08868480 bus:Director3 2024-05-31 08868480 bus:Director1 2023-06-01 2024-05-31 08868480 bus:Director2 2023-06-01 2024-05-31 08868480 bus:Director3 2023-06-01 2024-05-31 08868480 bus:SmallEntities 2024-06-01 2025-05-31 08868480 bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 08868480 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 08868480 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 08868480 bus:FullAccounts 2024-06-01 2025-05-31
COMPANY REGISTRATION NUMBER: 08868480
Magenta Data Services Limited
Filleted Unaudited Financial Statements
31 May 2025
Magenta Data Services Limited
Statement of Financial Position
31 May 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
6
34,558
39,543
Current assets
Debtors
7
202,315
18,996
Cash at bank and in hand
111,661
214,621
---------
---------
313,976
233,617
Creditors: amounts falling due within one year
8
300,202
223,978
---------
---------
Net current assets
13,774
9,639
--------
--------
Total assets less current liabilities
48,332
49,182
Provisions
Taxation including deferred tax
6,535
7,483
--------
--------
Net assets
41,797
41,699
--------
--------
Capital and reserves
Called up share capital
300
300
Profit and loss account
41,497
41,399
--------
--------
Shareholders funds
41,797
41,699
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Magenta Data Services Limited
Statement of Financial Position (continued)
31 May 2025
These financial statements were approved by the board of directors and authorised for issue on 8 July 2025 , and are signed on behalf of the board by:
D Jain Esq
N Jain Esq
Director
Director
Company registration number: 08868480
Magenta Data Services Limited
Notes to the Financial Statements
Year ended 31 May 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is TML House, 1A The Anchorage, Gosport, PO12 1LY, Hampshire.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
No significant judgements have been made by the directors in preparing these financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Equipment
-
15% reducing balance
4. Staff
The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).
5. Tax on profit
Major components of tax expense
2025
2024
£
£
Current tax:
UK current tax expense
88,146
61,997
Adjustments in respect of prior periods
13
( 21)
--------
--------
Total current tax
88,159
61,976
--------
--------
Deferred tax:
Origination and reversal of timing differences
( 947)
3,210
--------
--------
Tax on profit
87,212
65,186
--------
--------
6. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 June 2024
23,783
62,174
85,957
Additions
9,448
9,448
Disposals
( 38,791)
( 38,791)
--------
--------
--------
At 31 May 2025
23,783
32,831
56,614
--------
--------
--------
Depreciation
At 1 June 2024
4,636
41,778
46,414
Charge for the year
2,872
3,542
6,414
Disposals
( 30,772)
( 30,772)
--------
--------
--------
At 31 May 2025
7,508
14,548
22,056
--------
--------
--------
Carrying amount
At 31 May 2025
16,275
18,283
34,558
--------
--------
--------
At 31 May 2024
19,147
20,396
39,543
--------
--------
--------
7. Debtors
2025
2024
£
£
Trade debtors
18,400
18,400
Other debtors
183,915
596
---------
--------
202,315
18,996
---------
--------
8. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
7,326
208
Corporation tax
88,146
61,998
Social security and other taxes
7,353
Other creditors
204,730
154,419
---------
---------
300,202
223,978
---------
---------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2025
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mrs M Jain
( 1,288)
( 42,581)
( 43,869)
D Jain Esq
( 48,451)
4,582
( 43,869)
N Jain Esq
( 46,798)
( 10,316)
( 57,114)
--------
--------
---------
( 96,537)
( 48,315)
( 144,852)
--------
--------
---------
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mrs M Jain
( 1,288)
( 1,288)
D Jain Esq
( 46,592)
( 1,859)
( 48,451)
N Jain Esq
( 206,853)
160,055
( 46,798)
---------
---------
--------
( 253,445)
156,908
( 96,537)
---------
---------
--------